Is the Fed Freaking Out?

Article by Richard Spencer.


The last time the Fed went nuts with monetary expansion, it did it in the wake of the Lehman collapse, on behalf, and likely at the behest, of the failing financial sector. The mood at the time was, “Consequences be damned, we’ve got to save Wall Street!” No doubt, many truly believed that their world was ending.

Now, however, the Fed has been pumping like mad for three months, even though, by all indicators, the media and financial industry seems to believe that all is hunky-dory.

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