Most of the members of the current Fed is loosing credibility as they repeatedly lied about economy for more than a year , as well as legally forged the fundamental data
I do not think the prices went up because of the fundamental data the FED published though. There was just too much money, the earnings were rising, yet the forces are all deflationary once the central banks stop inflating.
I think you are reading more than there is there to read. The biggest forgery was the sub-prime market, the central banks are responsible for not raising the rates, but then raise the rates to choke the economy?!? The problem is the credit abuse here by the consumer because they were allowed to abuse them by the lenders... I don't get your logic here...
Now we see the central banks injecting the record amounts to prevent a deflation, now we see the all too strong Euro getting weak all of a sudden, yes it is all fun and games now. The rates will not go much lower to prevent the credit abuses, not because the economy will stay strong probably, people are too dumb to manage their own finances and the lenders are too greedy to protect themselves from the bankruptcy...
- kisa