“The Fed Has Made People Lazy” – Veteran Trader Filibusters CNBC: “This Doesn’t Get Sorted Out Overnight”

“History is riddled with disastrous outcomes born of really good intentions.. and I think we’re seeing it now”

“It all started in the 80s with Fed Chair Greenspan”, he begins, “who said ‘maybe we can take recession out of the equation’ and were successful for a period of time, but as Adami warns:

“recessions are a natural part of the cycle. It’s like the forest – old trees burn down, new trees grow – it’s unsightly, it’s devastating, but its essential… it’s the same thing with our economy.”