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GM27: Central Banks were Warned about their Failed Policies ft. William White

Top Traders Unplugged

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The Secret to a Fed-Tightening Cycle?

The Fed leading up to the crisis of 2008, that everybody should have been tighter but probably tighter earlier than most people would have thought of as being possible or desirable. There is again a kind of literature on tightening and some people would contend that if you tighten late in the cycle, the credit cycle, actually what you do is we precipitate the bust they're trying to avoid. The real secret is to start leaning early enough to be able to reduce the magnitude of the upswing.

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