Lots of folks believe the Federal Reserve people haven't got a clue. Even the most perfunctory study of the Fed's history would pretty much substantiate that. It's one of those facts that hit you straight between your financial goal posts.
Further evidence comes from the recently released 2008 Fed minutes. Trust these guys and gals at your own peril.
http://www.marketwatch.com/story/5-indicators-to-help-spot-the-next-crisis-2014-02-21
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