We have finally made the time to more closely review the release of last week’s Fed minutes from the July 25-26 meeting. We kind of like what we see.
Debate Breaking Out Among FOMC Members?
A debate appears to breaking out between members and staff of the Federal Reserve’s FOMC about the impact of QE on long-term interest rates and their impact on asset markets.
On the one side are what we call the Bubblistas, who believe and are concerned the repressed low long-term U.S. interest rates are leading to excess asset speculation.
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