Stupid Comments by the Fed (and Others, Too)

Bizarre comments by the Fed Officials – at Moneyweek.co.uk - the best of the week's international financial media.

QUITE LITERALLY, this has been an amazing few weeks for stupid comments by Fed officials, spokesmen for the California Building Industry Association, former Fed officials, spokesmen for the U.S. Army, spokesmen for banks, and investment clubs. In aggregate, it was a totally stunning and possibly unprecedented performance. Let's take a peek.

I will start off with one comment that is so blatantly stupid that it was instantaneously perceived as such by practically everyone. I intended to do an essay on this one item alone, but by the time I passed the comment around, three other blogs were already reporting on it. In case you missed it however, here it is: Federal Reserve Bank of Dallas President Richard Fisher said to CNBC:

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