Fed's focus less on "journey" than on destination, but can only fly this plane looking in the rear-view mirror
...so the eventual "destination" they wind up with might be something considerably different than what they expected--just like the black-swan iceberg that sunk the Titanic. Only that captain was presumably trying to look forward (as best as he could), not simply guided by charts of past events.
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- 2Posted by mccannon01 1 year, 10 months agoThe Fed had deceived the free market for a long time and the tangled web is strangling itself.Mark as read | Best of... | Permalink|