The Fed has created a new bubble

Don't look now, but the Federal Reserve is giving us another bubble--

Mish's Global Economic Trend Analysis: Inflation Targeting Revisited; Three Major Fed-Sponsored Bubbles; Who Benefits From Inflation?: "At some point however, asset bubbles do form and that's where big problems start. The Fed has sponsored three major bubbles in recent history. . . .
2000 DotCom Bubble
2005 Housing and Credit Bubble
2012 Stock Market Bubble
In the wake of the dot-com bust, the Fed (via loose monetary policy) sponsored a housing and credit bubble that caused the global financial crisis. The Fed did not see the housing bubble partially because prices are not in the CPI, but primarily because Bernanke and Greenspan have the common sense of a rock. . . . Income Skew - I explained why the rich get richer and the poor get poorer in Top 1% Received 121% of Income Gains During the Recovery, Bottom 99% Lose .4%; How, Why, Solutions
In response to that article a Reader Asked Me to Prove "Inflation Benefits the Wealthy" (At the Expense of Everyone Else) . . . ."
Read more at http://globaleconomicanalysis.blogspot.com/2013/03/inflation-targeting-revisited-three.html#5Fhx9Lz9jMh0oGFR.99 "

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