Fed's Plosser Chits on Fed Policy at 1030 Pacific Coast Time, Market Crumbles 25 Sep
Yeah, pizzes me off too. What's the point of these clowns spending so much time in meetings if their gonna play politics and come out with individual statements to muddy the waters. They should all be fired, not just Bernanke.
How can we create a nice stock bubble if they're all trying to pop it as soon as it starts to grow, or to put it another way how do they expect the more conservative investors to come back into the market out of fixed income investments if they're creating so much volatility? They're gonna be like.....F this #$%$!!
PS: I can't wait to see the shenanigans when the D's vs R's sideshow starts up with the fiscal cliff issue again (if they can fit it into their vacay schedule).
Plosser's outburst, to include "and your little dog too" remarks as the final bullet in the double tap most investors took between the eyes--was orchestrated by Faux News Network, so that Obummer looks bad in the eyes of investors, imho.
I don't see any motivation otherwise. I don't argue that Bernookie is out of bullets, out of programs, has to buy our bonds because no one else will. I would be not be surprised if Bernookie doesn't issue an "entitled to his opinion, the course we laid out for America is fragile but on the right glidepath. It is up to business to do the business of--business--but the programs keeping irates low are important to provide business lower hurdles than normal, to get America going again. I share Plosser's concerns, I don't share his conclusion, I think we are helping lay the groundwork for business to run with the ball".
But I would also not be surprised if he doesn't dignify Plosser's politically infused remarks with "not worthy of comment" non statement.
James Bullard, Pres. of Fed Reserve Bank of St. Louis will be on CNBC tomorrow at 3pm ET and he'll be ripping the Feds decisions. Why can't these clowns keep it behind closed doors and present a unified front publicly? I guess I know the answer to that.......the dissenters probably want Bernanke's job and they know if Bernanke is fired, one of them will probably be picked as his successor.