Why A Former Fed Official Fears A Global Meltdown | Zero Hedge

This article first published in the Wall Street Journal indicates that even some of the hard-core establishment are doubting the future

“The Fed’s monetary policy of extraordinarily low interest rates helped create the asset bubbles in stock and commodity prices that are now bursting. In retrospect, the Fed’s rate hike last month will likely be viewed as monetary malpractice. None of this is likely to forestall turmoil in credit markets. Investors are wise to be worried…”

Source: Why A Former Fed Official Fears A Global Meltdown | Zero Hedge

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