The Fed is being urged to be more aggressive in controlling future asset bubbles. Fed governor, Frederic Mishkin, gave a speech May 15th suggesting the Fed should use its regulatory powers "aggressively and pro-actively to limit the threat from future asset price bubbles." The Fed could eliminate...
I found a very interesting article today that I feel contains a good analysis of the US current economic situation http://www.realclearpolitics.com/articles/2007/11/the_crash_of_2008.html The author correctly analyzes the situation right, but I completely disagree with him when he says that the failing...