Seeking Alpha

Contrary to the popular "tapering" term being thrown about of late (including by himself), St....

Contrary to the popular "tapering" term being thrown about of late (including by himself), St. Louis Fed chief Jim Bullard says the Fed could increase the size of its asset purchases if inflation softens further. "I'm very willing to defend the inflation target from the low side."
Comments (9)
  • Bingo! The FED and the treasury along with their stooges coordinated a massive attack on PMs and commodities to make the illusion that inflation is much better then they talk even MORE money printing.
    This is insanity.
    17 Apr 2013, 11:23 AM Reply Like
  • yep, bought the PM's this morning. This was orchestrated.
    http://bit.ly/10ZEA4M
    17 Apr 2013, 11:25 AM Reply Like
  • The arrogance of Americans to point fingers at people for currency manipulation.
    17 Apr 2013, 11:42 AM Reply Like
  • Bullard needs to go back and read his Minsky...
    17 Apr 2013, 12:48 PM Reply Like
  • Bullard read but never understood Minsky. You get to his position by reading everybody, understanding nobody, temporizing, dropping names, being a bit taller than average, having good grades, knowing the right people. He's fully hedged and could care less about where the economy goes, professional demonstrations of empathy aside.

     

    GOT GOLD? Because Bullard does.
    18 Apr 2013, 01:59 AM Reply Like
  • I "could" do a lot of things. That doesn't mean its good. Do not increase the size, we are already all at a sizable risk.
    17 Apr 2013, 02:15 PM Reply Like
  • smirk ....

     

    wow.

     

    When is the Fed / Congress / Admin .... going to wake up and recognize we financed assets on bad TERMS and interest rates don't make up for the missing link. Interest rates could go to zero ... ooops ... they already have, and the problem would not be addressed.

     

    You should have had down payments on homes and equity in corp deals, not PIK's.

     

    SINCE they allowed such terms to be offered in the free market ... and now deem they should NOT be offered in the free market < fannie /freddie .... hmmmm> then they should apply a remedy that is appropriate. Currently, bad credit people who took advantage of junk finance, 2/28 bullet terms with say 9% elevators cannot get credit. Duh. The problem is asset values <homes/ LBO's> went thru the roof because more buyers were prevalent. If you want assets to stabilize you should ALLOW people who have bad TERMS to refi at good terms, with a reasonable penalty/cost to keep the asset.

     

    It's really quite simple ...
    17 Apr 2013, 06:18 PM Reply Like
  • The Fed could call in its dogs ( the Banks) and tell them to stop raiding the gold market. Plunging gold and crude prices will work against whatever little reflationary/social-en... skills the Fed still has.
    17 Apr 2013, 09:12 PM Reply Like
  • In fact I think the most effective way for the Fed to counter a deflationary psychology is to push up the gold price. At least with oil you could argue it would hurt consumer demand , but gold has no real world effect - merely psychology.
    17 Apr 2013, 09:15 PM Reply Like
DJIA (DIA) S&P 500 (SPY)