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Jeremy Grantham, GMO – Short-Term Pessimist, Long-Term Optimist | #397

The Meb Faber Show - Better Investing

CHAPTER

Is the Fed Getting Together, and Just Peg It to It?

I think we'd be better off if the fed had the simple instructions to keep a very steady y of money available. It's all outside their capabilities, but they have learnt that they can stimulate the stomarc. In the short term, they can cause the economy to do well, but just reliably for a quarter or two - and then anything can happen. I sympathize with them when cove is struck and you need some strong action from the fed. But how were they to know? The europeans and the rest of the developed world probably put in a little less than half as much as the us. And where that will leave us with these debt levels, if there is a

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