Irrational Beliefs Are Ruling Markets

"The initial destruction of wealth after equity markets peak will exacerbate the credit crisis. But those that think it will be a deflationary event have not been paying attention to the evolution of monetary policy since the days of Paul Volker, who was the last Fed chairman with the guts to jack up interest rates to bring price inflation under control. "

  • Jun 29, 2018 9:10 PM