Of course, FED became very political, even now they need to raise interest rates but they don't do it because of the election and the possible harm to HC.
... are you baiting me ? 5% more unemployment is probably worse then 5% interest rate hike.. that is what i'm figuring the point your trying to make...I Think that a while ago the FED started doing more harm then good.. i'm not saying anything about the more recent slower trajectory of rate hikes.. i'm obviously not a big FED guy ...
Well, I am just trying to suggest that we all agree on the general framework, but we disagree with the Fed's judgment (I happen to think they are too slow and scared as well, personally). The difference between our views seems to be that I am willing to give the Fed the benefit of doubt, in light of these judgments being so subjective, whereas you're much less lenient.
Lenient... I am against the fed completely... I am not anymore a permanent bear like I was about it after reading so much Austrian economic stuff .. but I think the fed is the biggest single specukator and if they get it wrong we will all pay big... So them manipulating for so long I think is very bad... Of course markets go on and on for a lot longer then one anticipates and who knows how the effects of all this will show up...