The Fed Needs to Get Sober and Lose the Beer Goggles - but Can They

ORIGINAL SOURCE: The Fed Still Has On Its Beer Goggles by Danielle DiMartino Booth of time.com on 4/18/2017 

Were in a new era where as the Fed used to say, time to take the Punch Bowl away, now its better take off the beer goggles. Different eras, same hangover. Where as things look better under the guise of free flowing liquidity.

Commercial real estate, bonds and stocks are more overvalued than at any time in history.

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