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Irrational Exuberance, Again? [Eurodollar University, Ep. 179]

Eurodollar University

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Is the Fed Really Betting on Inflation Expectations?

Inflation expectations nonsense. There's no evidence levensation. It's completely baseless. But see again, i know emi this is what allan greenspan was actually complaining about,. If you really read his speeches in the late 19 ninetis, on the one hand he was admitting, we don't do money but what he was really doing is complaining. He's like, what o we do? We we're left with all this other stuff that is really unsatisfactory.

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