Wednesday, April 1, 2015

Best April Fool's Day Prank Ever!

April 1, 2011
FTSE today: market report - as it happened April 1, 2011

In the US, Minneapolis Fed President Narayana Kocherlakota told the Wall Street Journal on Thursday that the Fed could raise rates by the end of 2011, far sooner than expected by financial markets. Most analysts do not expect rate hikes until the second half of 2012.

That Narayana, what a prankster!


Mr Slippery said...

Here is another link to Narayana doing the Pollyanna:'s-kocherlakota-rates-could-rise-by-end-2011-205021

Liar, liar, yields on fire.

Stagflationary Mark said...

Mr Slippery,

Want really funny?

October 29, 2014
Fed’s Axis of Opposition Shifts from Hawks to Doves

Minneapolis Fed President Narayana Kocherlakota cast the sole dissenting vote Wednesday, saying the Fed should promise to keep short-term rates near zero at least until inflation is forecast to reach 2% within one to two years, and it should continue the bond purchases.

See? It really was an April Fool's Day prank back in 2011. Rising interest rates? Just kidding! ;)

mab said...

I just read the guys Wikipedia page. He's all over the map regarding stimulus, interest rates, etc.

Impressive academic resume. As for common sense........ good grief.

Stagflationary Mark said...


Quick interjection: When he keeps saying 'stim for us,' he does mean stimulus? ;)