Michael Prell
Michael Prell
bubble current decline given large risk seem
In the current cycle, there would seem to be a risk of a particularly large decline in the market, given that, by many conventional metrics, we experienced a speculative bubble of extraordinary proportions.
depart expect fed lately message quite received says statements
The message we've received from Fed statements lately has been quite consistent. I don't expect what he says to depart very much from that.
fed modest occasion surprised
There are observances of the occasion occurring at the Fed on a modest scale. I'm not surprised that there isn't anything more.
apply attempted brakes ended generally past
When we've attempted to apply the brakes in past expansions, we generally ended up skidding into a ditch.