“In light of the current low interest rate environment, we are watching particularly closely for instances of ‘reaching for yield’ and other forms of excessive risk-taking, which may affect asset prices and their relationships with fundamentals,”
-attributed to Ben Bernanke via this WRM post
If today's ultra-high stock indexes in the good old US of A aren't classic examples of "excessive risk-taking" I, for one, will be very surprised. Sounds like the Fed is getting ready to change its mind on super-low interest rates. Heads up, y'all.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment