Of course. We've always had bubbles. Even (shhhh) before the Fed.
What good are low interest rates when business owners know Zer0 is going to tax and regulate their businesses into oblivion when the economy picks up a little???
The Fed knows no other way to operate. This is like asking “if I drive 15 miles to the store will I encounter a traffic light?”
It’s accepted by most that the Fed has been captured by Wall St. but it’ll be interesting to see Congress feign ignorance of this phenomenon as they pretend to be working “for da peeple”. Of course, Congress needs very little in the way of remedial training to exhibit ignorance.
Bubble, bubble, toil and trouble...
When the Fed prints money and flushes it into the banking system they are, in the Fed's Humble Option, simply working to keep the economy going. The Fed would NEVER call that INFLATIONARY. As long as business is NOT TOO GOOD, prices don't creep up and the Fed is HAPPY. But if business gets really going that's BAD. Time to raise interest rates.
This is the way things really are and it's simply NUTS. Ron Paul is right. Kill this thing before it eats all of us.
So the Captains of Wall Street will get their profits (again) and we, the taxpayer, will provide the funds when the bubble bursts.
Nascent recovery? Not in this country. The Fed Reserve needs to stop reading the news coming out of other countries. Their "nascent recoveries" have nothing to do with whats happening in this country, in fact they are happening IN SPITE of what's happening in this country, which is a slow, but continuing economic slide into a third world status.