Policy makers, while overseeing a record injection of liquidity, are debating how to respond to a future surge in asset prices after a boom in the U.S. real estate market ended in a collapse that helped trigger the worst recession since the 1930s.
At 06:03PM on November 16, 2009 - Jim Wineinger said...
“Our limited knowledge of the determinants of asset prices and their effects on credit has made it more challenging to respond to the crisis and explain our actions to the public,â€
It couldn't be as simple as supply and demand now could it. Or as simple as someones (government) attempts to control either side of things thus creating a bubble or underpricing.
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