06-04-2016, 07:32 AM
[Galen]Under current circumstances, the Fed doing massively stupid things, figuring out what to buy is hard. The exit strategy is even harder and this is where the Austrian Business Cycle theory has been most helpful.
[Mike]I don't understand. If the Fed is doing massively stupid things then why would you buy any financial asset? You wouldn't. So where's the problem?
[Mike]I don't understand. If the Fed is doing massively stupid things then why would you buy any financial asset? You wouldn't. So where's the problem?