Baruch Fishman - Comments

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Are Central Banks Losing Control?
6 years ago

With all due respect to the writer, the situation is not the same as 2007. Yes, there may be more debt but it is a different kind of debt. The debt was non-conforming mortgages and they defaulted as expected causing a demand crash. Here we are talking about less risky debt and defaults would not have the same effect on a particular market like was the case. Of course anything is possible. That doesn't mean that the CBs were correct but it does mean that the situation is different and I believe better than 2008.

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