The Federal Reserve put is well entrenched. Their mandates used to be to hold inflation in check and to promote high employment. They are still interested in promoting high employment, but they want now to CAUSE inflation, and the number one priority in the last decade and counting is to see to it that the stock market keeps going higher and never fails. They are the true custodians of the stock market. Since they have an unlimited balance sheet, they think they are in control of things. We shall see. The skeptics think instead they are just making a dangerous bubble bigger and bigger.
Published by Henry Barnard
I am a voracious reader and also enjoy writing. I often have a very different point of view than the popular one. I do see value in debate, and thought it might add to the public debate on controversial issues if I were to express my contrarian opinions. I also started keeping my poems recently (I've written little pieces my whole adult life but never kept any); and I've been a photographer now for over 25 years. So I will be adding an occasional poem and hopefully interesting photograph to the blog along the way, just to spice things up. View all posts by Henry Barnard