This might be the most succinct and accurate description of why the Fed’s next great “fix” is destined to fail. While I’ve been arguing these same factors for months now it appears that more credible sources are finally starting to agree. These comments come courtesy of Bank of America’s Chief Economist Mickey Levy:
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.