Sometimes it’s not so hard predicting the future.
If, for example, you have reports like this –
“Fed’s Fisher Says US Economy Has Too Much Liquidity” (CNBC)
The U.S. economy has moved from having too little liquidity to having more than enough, a top Federal Reserve policymaker said on Thursday.
“We’ve gone from too little liquidity to too much,” said Richard Fisher, president of the Federal Reserve Bank of Dallas.
A steep retreat in oil prices suggests this liquidity and the speculative activity it generates — not just strong demand from emerging markets — are driving the market, Fisher said.
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