>>4490499 lb
I kinda follow but am lost on a point or two. would an FRB narrative be necessary when banks were looking at extending credit lines to account holders as a hazard due to regulatory uncertainty during the development of dodd frank. I mean that was the credit crunch to us, but to them it was a choice to go to the optimal investment for return given the risk: what's the benchmark for retail investors? how would x perform vs. just investing in the market. at the same time, tech firms were getting ready to go public and Chinese companies were getting listed by backing into mergers with existing US companies already. listed. I am not trying to debunk, as a matter of fact fed signalling is nothing but expectation management through narrative. I'm just thinking that in the 2008-9 affair banks didnt need to be persuaded to buy equities, thats virtually a byproduct of foreseeable low interest rates.