Submitted by Tyler Durden on 10/15/2012 - 14:48 Bill Dudley Federal Reserve Real estate
Jim Bullard, of the St. Louid Federal Reserve, is currently answering questions following the delivery of prepared remarks. As a reminder, Bullard is a non-voting member of the FOMC this year who in 2010 was the first Fed official to call for a second round of QE. He just said the following:
Fed’s Bullard Says He’s Concerned About Low Returns to Savers
Now this is beyond mere sheer hypocrisy and pathetic "good Fed cop, bad Fed cop" routine (still waiting for Bill Dudley to disclose what is the deflating hedonic equivalent of food inflation in a NEW iPad world). This is similar to Stalin saying, several days after completing the purges which saw tens of millions of people quietly "disappeared", that he is concerned that the price of graveyard real estate might be in a bubble.
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http://www.zerohedge.com/news/2012-10-15/quote-day-unbelievable-hypocrisy-edition
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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