Chris has been in high demand over the past few weeks, as media outlets try to make sense of the options available to the Federal Reserve at this point. More and more, the confidence in the asset price bubbles blown by the Fed's "endless easing" policy is coming under scrutiny by the average observer.
How much longer can it continue? What are the long-term societal costs of this central bank intervention?
And more important: What will trigger the return to higher interest rates? (and thereby, the puncturing of the bubbles blown by the Fed) And what will the repercussions be?