"Most regrettably, Washington policymaking (fiscal and monetary) is on a trajectory that will inevitably destroy the creditworthiness of our nation’s vast liabilities. With ominous parallels to the mortgage/Wall Street finance Bubble, Federal Reserve policies have fostered Bubble dynamics throughout our Treasury, agency and debt markets, more generally".
Please follow link and read entire essay
Folks, if we follow the FED policies, and can relate their effects in the past, now we see HISTORIC actions and the law of diminishing returns playing out, the "pulling on a string".
Normal recovery from Recession is not visable and when considering all that and kitchen sink thrown at it, with rates at 0%, but housing barely effected.....nothing is as it seems....nothing is normal here......I trust only the hand that touches my nose.
Bear markets reset the economies, markets.....the FED and GOV are fighting a return to normalcy.....
D
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