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NY Fed President William Dudley says the recovery is "tenuous," and the "encouraging" rate...

NY Fed President William Dudley says the recovery is "tenuous," and the "encouraging" rate of growth in manufacturing jobs is "not a reason to reverse course." Even if jobs growth were to accelerate to 300,000/month from March's "notable" 216,000, he says considerable labor market slack would remain at the end of 2012.
Comments (4)
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
     
    What else do you expect a "former" Goldman partner and current head of POMO to say?

     

    Audit the Fed.
    1 Apr 2011, 10:28 AM Reply Like
  • User 487974
    , contributor
    Comments (1105) | Send Message
     
    Spot on! Market guy that is!

     

    This holier than thou prick should join the rest of America and face the relentless rise of everyday items. Dudley, at what point do you defend the American Dollar? .72 is its low, what do you say when we slice through current lows of .76 and head to .72? Just how much pain are you and Bernanke willing to shove down the 200 MILLION working Americans throats who don't give a rats ass about an I-pad 2 being cheaper than the I-pad 1, you pompous ass!

     

    Is $5 gallon gas enough, BILL? Do all the hard working slobs of America who don't have time to think about all your hyperbole and SHUT THE F... UP! No one believes you or Bernanke! Credibility lost is almost impossible to replicate. The damage done will live way past the two of you fools.
    Jerry
    1 Apr 2011, 04:13 PM Reply Like
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
     
    shhhh Jerry, you're going to wake the "thumbs down Fed loving troll". He's sleeping after an exhausting week of chasing me around.
    1 Apr 2011, 04:50 PM Reply Like
  • Sheik Rattle Enroll
    , contributor
    Comments (583) | Send Message
     
    $5 a gallon gas would actually still be much lower than most of the world. In the US we don't even tax it enough to pay to maintain our roads, never mind transition to something that would end our dependence on crazy people.

     

    Regardless, inflation isn't expressed only in gas prices. There's housing, foodstuffs, electricity, computers, entertainment, etc.

     

    Gas and foodstuffs are up, electricity is relatively level, housing is way down, computers are down, entertainment is down.

     

    It doesn't really paint a picture of overall inflation to me, seems more like a spike in some commodity prices.

     

    It seems your main complaint is oil. If you want immunity from spikes in oil prices then a transition away from oil is the only solution. This happens way too frequently for people to be surprised by it.
    1 Apr 2011, 05:24 PM Reply Like
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