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Month: June 2019


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  • Iron Capital Perspectives
  • June 20, 2019
  • Chuck Osborne

Goldilocks

The Fed has a tough job. We used to understand that. We used to give experts the benefit of the doubt, because we understood that doing things is hard and requires a certain set of knowledge and skills. We understood that because we were a nation of doers, so we naturally understood the difficulty of doing. Today we are increasingly a nation of spectators. Spectating is easy, and whatever it is we are spectating looks a lot easier than it actually is.