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The Fed's Rate Increases and the Market's Response Surprised You
i expect the fed to be behind the curve and to be deep into a autimism. It doesn't really have a clue about market bubbles and the damage they do when break. They've all been eager, now, since early green span, to encourage bull markets. The growth rate actuallya slowed weig down during that time. But superficially, it felt like a golden age, because asset prices went up,. Because inflation came down, and rats were allowed to come down. And in the end, race foster and low rates make a leverage ter cheap, make private equity deals wonderfully easy. And push up the price of real estate, and they push up theprice of stocks