In a recent series of college lectures, Ben Bernanke sounded a positive note, extolling the Fed’s low-interest-rate policy and predicting sustainable economic growth. I want to believe him, but his words echo the confidence exuded by the Fed in late 2006 when it missed the housing bubble. Is it missing the bond bubble now?
CNN FORTUNE-
In a recent series of college lectures, Ben Bernanke sounded a positive note, extolling the Fed’s low-interest-rate policy and predicting sustainable economic growth. I want to believe him, but his words echo the confidence exuded by the Fed in late 2006 when it missed the housing bubble. Is it missing the bond bubble now?
[FORTUNE]
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