Stable Door To Be Closed?

The Fed minutes discuss the need for changes to QE, apparently:

Overall, many Fed officials are worried about the costs and risks of the asset purchases, the minutes show. During the meeting, several Fed officials expressed concern about the potential for excessive risk taking by investors due to the Fed’s ultra-loose policy.

Idiots. Far too late, we are in yet another full scale bubble, which is in the process of bursting. I suppose they are starting to realize that the light at the end of the tunnel is emitting train noises.

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  • Tyro  On February 20, 2013 at 3:30 pm

    One thing about leading in the dark… It’s a lot harder for anyone to tell that a) you’re lost and b) you’re going in circles.

    • reality  On February 20, 2013 at 3:52 pm

      Quite. 😀

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