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!
at

4 comments:

  1. Mr SlipperyApril 1, 2015 at 3:05 PM

    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.

    ReplyDelete
  2. Stagflationary MarkApril 1, 2015 at 3:32 PM

    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! ;)


    ReplyDelete
  3. mabApril 1, 2015 at 4:20 PM

    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.

    ReplyDelete
  4. Stagflationary MarkApril 1, 2015 at 4:44 PM

    mab,

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

    ReplyDelete