Double Dip In Home Prices; Kohn Wins "Neanderthal Award"

. If interest rates are too low, too long, there will always be huge speculation somewhere.
2. Regulation cannot fix a liquidity bubble, the money will just find a home somewhere else.
3. Neither Greenspan nor Bernanke believes it was possible to spot a bubble. Bernanke certainly proved that in spades, not seeing a housing bubble or a recession coming.
4. Yet Kohn wants to regulate what the Fed cannot even see

The thing is, anyone in their right mind could have and should have seen the housing/credit bubble.

Flashback 2000 to the dotcom bubble. Pray tell what regulation could have prevented that especially when idiots at the Fed were slashing rates all concerned over a Y2K scare that any programmer worth his salt knew was being properly addressed?

OK Kohn have at it.

And while you are pondering that, how the hell did you miss the housing bubble?

The Fed has no freaking idea what it is doing with interest rates, whether they are too low or too high, and it is going to pass real-time regulation to address bubbles it cannot even see!

Kohn, you should have retired 40 years ago. That is simply pathetic.

Mike “Mish” Shedlock
http://globaleconomicanalysis.blogspot.com
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Mike “Mish” Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.
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