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Stockholm Syndrome At The Fed: How The Eccles Building Came To Love Wall Street Bubbles

Summary:
The world is now fully embroiled in a most precarious period. I wonder if the Fed is comfortable seeing the markets dash skyward – the small caps up 16.4% y-t-d, the Banks 15.9%, the Transports 15.2%, Biotechs 18.5% and Semiconductors 17.0%. Or, perhaps, they’re quickly coming to recognize that they are now fully held hostage by market Bubbles. http://wallstreetexaminer.com/2019/02/doug-noland-no-holds-barred/?ct=t(RSS_EMAIL_CAMPAIGN)&mc_cid=704614ce3a&mc_eid=86e6c1ad63

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The world is now fully embroiled in a most precarious period. I wonder if the Fed is comfortable seeing the markets dash skyward – the small caps up 16.4% y-t-d, the Banks 15.9%, the Transports 15.2%, Biotechs 18.5% and Semiconductors 17.0%. Or, perhaps, they’re quickly coming to recognize that they are now fully held hostage by market Bubbles.

http://wallstreetexaminer.com/2019/02/doug-noland-no-holds-barred/?ct=t(RSS_EMAIL_CAMPAIGN)&mc_cid=704614ce3a&mc_eid=86e6c1ad63

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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