Based on the transcripts, we need more innovative thinking in all walks of life, not just technology/software/etc. Economic forecasting will always have a large degree of uncertainty involved, but the frivolity with which the Fed approached the unusual signs of an aberration in the housing market shows that the Fed provided commentary on the crisis as it unfolded instead of taking action.
Comments
Based on the transcripts, we need more innovative thinking in all walks of life, not just technology/software/etc. Economic forecasting will always have a large degree of uncertainty involved, but the frivolity with which the Fed approached the unusual signs of an aberration in the housing market shows that the Fed provided commentary on the crisis as it unfolded instead of taking action.