I find it ironic that this topic is currently appearing next to “Getting that 2006 feeling again” in the active topics list. That is a thread about what appears (in my view) to be a pretty widespread bubble in Silicon Valley.
1. Too-easy Fed policy leads to bubbles
2. Bubbles burst
3. The Fed responds by easing monetary policy
4. Goto 1
Sometime after step 3 but before step 2, the Fed chairman should be hailed as courageous genius and he should write a self-aggrandizing, douchily titled memoir.
