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Who’s minding the Fed?

Original post made by Tom Cushing, Danville, on Jan 17, 2012

You are invited this week to step into my way back machine, and, if you dare, listen-in on the Fed’s Open Market Committee deliberations, circa 2006. There, the best and brightest of our central bankers met in regular session, and demonstrated that they were more herd animals than they are shepherds capable of properly steering the course of the nation’s economic fortunes.

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Comments (1)

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Posted by CDSI Research
a resident of another community
on Jan 18, 2012 at 4:43 pm

Dear Tom,

How would you explain the current "drinking of their own bath water" in Contra Costa County that assumes development is a major industry and the primary ticket to economic recovery. Is it too difficult to see the distressed and vacant inventory of houses that make up more than 24% of Contra Costa County housing?

All issues are local at some point in our global economy.

Do you care to comment on the local results and who got us there?

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