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Category Archives: Release the Bullard

Release the Bullard!

Yesterday morning before U.S. bourses opened, St Louis perma-dove Jim Bullard mentioned that a rate cut might be in order. Markets reacted as you’d expect. This intrusion (sugar bomb) is not surprising but it is inconvenient for us. We needed the Fed (& the other top 4 global central banks) to shut up this week, in order to be able to know whether last […] Read the rest of this entry »

Bullard: not my job to burst bubbles

Jim Bullard (St Louis Fed Prez and one of the biggest policy doves/bubble blowers ¬†around) gave a speech this morning. The upshot: It’s not my job to burst bubbles. Tech is to blame for the SPX bubble. Wait for things to look better before any more rate hikes. full chart deck here: link