The Price of Anxiety

When interest rates are very low a people will take more risk in order to maintain their income. A huge build up of leverage in the financial system and a huge amount of yield chasing, or what we call carry trade. Calcall jeremy stein was briefly a governor at the federal reserve,. And he got the federal reserve. It's all all this risk taking. T e te the leverage byout boom was returning, and leverage loans were going out of the sember lit famous payment in kind loans, picked loans, and all these, or this evidence macuno ten years ago that tha, the financial players were taking on too much risk - but only monetary policy can stop it.