Federal Spending And Annual Fire Damage: Playing With Fire

Federal Spending And Annual Fire Damage: Playing With Fire by Evergreen Gavekal

“In a shift of secular or long term significance, the markets will be adapting to a new set of rules while most market participants will be still playing by the old rules.”

Famed market technician, Bob Farrell

Playing With Fire

EVA Summary:

• Just as the US Forest Service’s efforts to prevent and suppress wildfires over the last 100 years have led to a rise in devastating fires, the Federal Reserve’s attempts to prevent recessions and market corrections has created the environment for severe financial firestorms.
• While the Federal Reserve has managed to extend economic expansions and shorten recessions over the past several decades, its pursuit of stability and prosperity through lower...
  

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