Eugene David ...The One-Minute Pundit |
|
Wednesday, March 23, 2011
Federal Reserve Bank of Dallas President Richard W. Fisher said he sees “extraordinary speculative activity” in the U.S. after the central bank pumped record amounts of stimulus into the economy.
“There is an enormous amount of liquidity sloshing around,” the regional bank chief, who votes on monetary policy this year, said in a speech today in Berlin. “There is abundant liquidity in the machine we know as the United States economy.” Well, certainly in the machine we know as the WALL STREET CASINO! “We have done our job,” Fisher said at a forum hosted by the American Academy in Berlin. “We are certainly at risk of doing too much now.” You've already done too much.
|