A Big, Fat, Ugly Bubble

The overwhelming source of what ails America economically is domiciled in the Eccles Building. During the past three decades the Federal Reserve has fostered destructive financial mutations on Wall Street and Main Street and among the household, business and government sectors of the national economy alike.

These Bubble Finance polices have fueled an egregious financial engineering spree by the C-suites of corporate America to the tune of $15 trillion of stock buybacks, debt-fueled M&A deals...