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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!
Real Estate Newsletter Articles this Week: Existing-Home Sales Increased to
4.15 million SAAR in November
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At the Calculated Risk Real Estate Newsletter this week:
[image: Existing Home Sales]*Click on graph for larger image.*
• NAR: Existing-Home Sales Increase...
16 hours ago
4 comments:
Here is another link to Narayana doing the Pollyanna:
http://www.investing.com/news/central-banks/update-1-fed's-kocherlakota-rates-could-rise-by-end-2011-205021
Liar, liar, yields on fire.
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! ;)
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.
mab,
Quick interjection: When he keeps saying 'stim for us,' he does mean stimulus? ;)
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