ANOTHER DAY.....ANOTHER RISE IN THE DOLLAR
WASHINGTON (MarketWatch) - To prevent another devastating financial crisis, the Federal Reserve is going to have to learn how to identify and deflate asset bubbles before they can destabilize the economy, New York Federal Reserve Bank President Bill Dudley said Monday. The best way to control bubbles may be to monitor and limit the amount of leverage (or debt) that the financial sector takes on, Dudley said. Targeting asset bubbles would be a massive cultural shift for the Fed. "Limiting increases in leverage may help to prevent bubbles from being created in the first place," Dudley said in speech at Columbia University in New York.
INTERESTING TIMING ON THAT COMMENT.........
WHAT ABOUT ALL THAT EXISTING DEBT OUT THERE SUFFOCATING THE ECONOMY.....???