Learning from a financial world-in-a-bottle
Agreed on the long, slow game. Technically right now Buffett is a nonagenarian, not sept!
No one would much remember the 2008 crash if the Bernanke-Yellen Fed had kept even inflation expectations firmly on target, not to mention its employment mandate. 1929 Fed => Hitler; 2008 Fed =>Trump.
I think you're giving inflation expectations too much credit and bad assets sliced and sold unethically too little.
Agreed on the long, slow game. Technically right now Buffett is a nonagenarian, not sept!
No one would much remember the 2008 crash if the Bernanke-Yellen Fed had kept even inflation expectations firmly on target, not to mention its employment mandate. 1929 Fed => Hitler; 2008 Fed =>Trump.
I think you're giving inflation expectations too much credit and bad assets sliced and sold unethically too little.