– Data Dependent Fed Ignores ‘Data’ – Bullard Joins Williams In Call For QE4 (ZeroHedge, Oct 16, 2014):
As yet another fed speaker takes the jawboning lectern today, it is becomingly increasingly clear that The Fed truly has only one mandate – to keep stocks up. While claiming to be “data-dependent”, which judging by the general trend of government-supplied data (and President Obama), things are going great; Jim Bullard joins his intervention-prone colleague Williams: BULLARD SAYS BOND PURCHASES SHOULD BE DATA DEPENDENT and SAYS ‘U.S. FUNDAMENTALS REMAIN STRONG’ but BULLARD SAYS FED SHOULD CONSIDER DELAY IN ENDING QE. So much for data-dependence…
‘U.S. FUNDAMENTALS REMAIN STRONG’
Is that so?
Take a look at this if you haven’t done so yet:
– 12 Charts That Show The Permanent Damage That Has Been Done To The U.S. Economy (Economic Collapse, Oct 13, 2014)