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Fed Warns of Water being potentially very wet
https://www.cnbc.com/2021/05/06/fed-warns-of-possible-significant-declines-in-stocks-as-valuations-climb.html
Fed Chairman Jerome Powell and others have been asked repeatedly about whether they’re concerned over the rising prices. Powell specifically has said that as long as interest rates stay low, the valuations are justified.
“High asset prices in part reflect the continued low level of Treasury yields. However, valuations for some assets are elevated relative to historical norms even when using measures that account for Treasury yields,” the report states. “In this setting, asset prices may be vulnerable to significant declines should risk appetite fall.”
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@HoustonHusky @pawz
* AHEM *
As an example, I’m just waiting for the government response to inflation being more govt handouts and larger deficits/printing of money....you know, truly crazy shit any 2 year old would think is stupid and any Federal Reserve banker and politician will rationalize away...maybe some attempting to regulate rents and prices or some really stupid shit.
That said, the ARKK chart is truly nasty...