and just you before you mention the GFC, the Fed saw it coming but couldn't stop it because of all the sheep piling into risky assets.
Really? Sounds like you are rewriting history.
Risky assets? The US property market crashed.
“...all the sheep piling into risky assets.”
Yes, and it’s clearly happened again - due to the record low interest rates set by Central Banks. When you deliberately set out to inflate assets to create a ‘wealth effect’, anticipate downstream consequences. Every credit fuelled boom is followed by a bust.
