“It’s Global & It’s Viral” — DiMartino Booth Exposes The Fed’s Biggest Fear Tyler Durden’s picture

“Former Federal Reserve insider Danielle DiMartino Booth says the record high stock and bond prices make the Fed nervous because it’s fearful of popping this record high credit bubble. DiMartino Booth says,

“The Fed’s biggest fear is they know darn well this much credit has built up in the background, and the ramifications of the un-wind for what has happened since the great financial crisis is even greater than what happened in 2008 and 2009.

It’s global and pretty viral. So, the Fed has good reason to be fearful of what’s going to happen when the baby boomer generation and the pension funds in this country take a third body blow since 2000, and that’s why they are so very, very intimidated by the financial markets and so fearful of a correction.”

http://www.zerohedge.com/news/2017-11-23/its-global-its-viral-dimartino-booth-exposes-feds-biggest-fear