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Won’t get fooled again

By   || February 28, 2009 at 16:50 GMT
|| 4 comments || Add comment

The Fed is laying the groundwork for reversing its super-accommodative monetary policy well before the thought of tighter policy crosses the market’s radar. After holding rates too low for too long earlier this decade, the Fed does not want to inflate any fresh bubbles, if at all possible.

At this stage, gold and the dollar are the only two asset classes that look a bit bubbly. Given the US’s need to attract foreign capital, that’s a bubble the Fed can live with, for now.

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4 Responses to “Won’t get fooled again”

  1. tonysan on February 28th, 2009 17:34 GMT

    –Hey, Great Portrait Jamie—-(The face behind the wisdom…)…

  2. Jamie Coleman on February 28th, 2009 17:37 GMT

    A face best suited for radio…

  3. Michael Miller on February 28th, 2009 19:03 GMT

    Hey, that’s cool! Now if there was an option for us listener’s to paste a pic, that would be even cooler!

  4. Jamie Coleman on February 28th, 2009 19:15 GMT

    I think you can. If you log in to your account, look for add avatar. If not, I’ll ask the developers to streamline the process

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