“Time and time again, the Fed sows seeds of the next financial crisis in actions it takes to mitigate the previous financial crisis that it caused .. Does the Fed, in aggregate, believe it blew a bubble? Of course not, even if a couple Fed members believe that may be the current direction .. Is this a transfer of wealth conspiracy theory of some sort, with the Fed actively seeking a transfer of wealth from the poor to the rich .. A simpler explanation, my theory, and the theory that best meets Occam’s Razor is the Fed has no idea what it is doing.”

Rethinking the Fed: More Tightening than Priced In? Next Financial Crisis Coming Up?

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