In response to BIS Slams the Fed; Ridiculous Question of the Day: "Is The Fed Going To Attempt A Controlled Collapse?" a number of people commented the Fed cannot be so stupid as to think there is no asset bubble. Here are some examples:
As a huge fan of Occam's Razor, I disagree with all of them. Occam's Razor says the simplest explanation (the one with the fewest assumptions) is likely the best.
Door number 2 is overwhelming likely to be correct.
In general, when sheer stupidity is one of the choices, then stupidity is likely the best answer or part of the best answer.
Mike "Mish" Shedlock
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