3min chapter

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#12: Danielle DiMartino Booth on Why The Fed Is Bad for America

Superinvestors and the Art of Worldly Wisdom

CHAPTER

The Implications of Fed Policy on the Bubble Bus Cycle

The longer you push these trends, the higher the stakes at every iteration in this boom bus cycle and to your everything bubble. Investors are blinded because there's nothing singular or solitary to focus on anymore. And that makes it that much more difficult for average investors to understand how high the stakes have been. You can bet your bottom dollar that policymakers understand the implications of what will happen if they allow markets to go back to their natural price discovery function.

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