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The Federal Reserves and the Fed's Influence on the Financial System
The fed exasperates the booms and busts because they tend to be prosypical in what they're ing. Barry talked about this in his book where alan green spens, like first month on the job was during the crash of 87. Soike, people look at greenspan coming along and just pumping things up and then having to do damage control. And that's now what the fed does. All the reflation trade is, all they're doings is trading bubbles. Thet the direct result of the clean up from the doncom bubble is a housing bubble.