That's not angry, Spike. That's pointing out hilarity. I'll tell you what. If you promise not to cry, I'll tone down the rhetoric and make it safe for you to show us what you know (or don't) about economics. Stop stalling and tell me where my economics has gone off the tracks.
Typical Spike, I see. Quick to point out someone is wrong, but unable to provide any substance behind the supposed error for lack of subject knowledge.
More from Bullard, and the farce that is the Federal Reserve. But, as Piezoe tells us, it's not about stocks.
November 14, 2014 9:56 a.m. Inflationista John Cochrane Wrong But Not Sorry By Jonathan Chait Greece, I tells ya. Greece! Photo: Joshua Roberts/Bloomberg via Getty Images “The danger now is inflation,” warned University of Chicago economist and Paul Ryan dinner companion John Cochrane in 2009. He warned of this again in 2010: “A substantial inflation will follow — and likely a ‘stagflation’ not inflation associated with a boom.” And again in 2011. (“As a result of the federal government's enormous debt and deficits, substantial inflation could break out in America in the next few years.”) And again in 2012 (“Inflation Should Be Feared”). "Inflation has stayed very low. And look, here is John Cochrane in today’s Wall Street Journal editorial page, no longer warning of inflation. Now he is arguing that deflation might be coming, but it's not so bad: "Yes, that is Professor Cochrane tearing down the goalposts and moving them several miles back." Article, with working links>>
Business conditions, eh? Please tell me - what business conditions changed in the 4 week period between when stocks fell from all time highs to the bottom and then back up to all time highs? Especially since data releases are monthly. What business conditions, Ricter?