Thursday , June 27 2019
Home / David Stockman's Contra Corner / Forked-Tongue, Jay: It’s The In-Coming Data On……Stock Prices, Stupid!

Forked-Tongue, Jay: It’s The In-Coming Data On……Stock Prices, Stupid!

Summary:
But understand something: It isn’t the Fed’s job to protect a stock market bubble. Its job is to keep inflation down and protect the integrity of the US dollar. And inflation is definitely a risk when there are bubbles in financial markets. It is very clear from the latest minutes that Powell has his eye on the stock market. The Fed said it “reviewed developments in financial markets over the intermeeting period,” meaning from the previous meeting held in November. https://nypost.com/2019/01/09/fed-chair-jerome-powell-frets-over-stocks-more-than-you-think/

Topics:
David Stockman considers the following as important:

This could be interesting, too:

David Stockman writes Why The Mainstream Media Is Beating The Iran War Drums: Plunging Ratings!

David Stockman writes Time To Pack Your Equity Market “Go Bag”

David Stockman writes Shale Pioneer: Fracking Is An “Unmitigated Disaster”

David Stockman writes Bull Market Or Bull Trap?

But understand something: It isn’t the Fed’s job to protect a stock market bubble. Its job is to keep inflation down and protect the integrity of the US dollar. And inflation is definitely a risk when there are bubbles in financial markets.

It is very clear from the latest minutes that Powell has his eye on the stock market. The Fed said it “reviewed developments in financial markets over the intermeeting period,” meaning from the previous meeting held in November.

https://nypost.com/2019/01/09/fed-chair-jerome-powell-frets-over-stocks-more-than-you-think/

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

Leave a Reply

Your email address will not be published. Required fields are marked *