So the blogosphere was demonized for being crackpots when we alleged the Fed was creating asset bubbles and collapses with QE and zero interest rate policies.
Well, now, the Fed itself admits guilt. Again, to my critics: too bad for you.
http://www.zerohedge.com/news/2013-09-09/fed-uberdove-admits-policy-causes-asset-bubbles-and-theyre-here-stay
Tuesday, September 10, 2013
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