The New Fed Reserve Guy needs to come out of hiding and calm markets .
Where is he ??
I hope he stays away a little longer. The problem with quick interventions is moral hazard - people come to expect it, and load up on even more debt the next time around to juice their returns. Let the market find its own level, and investors will be a little more fearful of get-rich-quick schemes involving high leverage.
134 posted on 02/08/2018 4:30:13 PM PST by Zhang Fei
(Let us pray that peace be now restored to the world and that God will preserve it always.)