"monetary policy could mitigate any negative economic consequences of a housing collapse"
She likes printing, maybe more than Ben even?
Yellen comments in
Started by
fluid
, Sep 18 2013 10:56 AM
2 replies to this topic
#2
redfoliage2
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Posted 18 September 2013 - 11:09 AM
"monetary policy could mitigate any negative economic consequences of a housing collapse"
She likes printing, maybe more than Ben even?
If she is elected then load gold...........
#3
Data
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Posted 18 September 2013 - 12:45 PM
They were raising rates at almost every meeting till the end of 2006. It means she thinks a reversal in monetary policy alone can stop the bleeding at any time if the bubble bursts. She was wrong. This wasn't an 1980-1982 style recession where monetary policy alone caused the recession. There were other factors that fed the bubble, some of which were in the purview of the Fed and the banking regulators.
