Monday, October 15, 2012

You can't make this stuff up ...........

Jim Bullard, of the St. Louid Federal Reserve is a non-voting member of the FOMC this year  is the same guy 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

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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