Fed's Fisher On Ron Paul, The Stagflation Nightmare Scenario, Keynes Vs. Hayek, Bernanke's Unpopularity, Unfunded Liabilities, And The 'End The Fed Movement'

Bloomberg Interview - Dalls Fed President Richard Fisher - June 24, 2011

Outstanding interview.

• Scan the headlines in the Richard Fisher archives

Comments

[DailyBail]

Central banks should hike rates, BIS says

http://www.marketwatch.com/story/central-banks-should-hike-rates-bis-says-2011-06-26

[DailyBail]

FDIC’s Bair suggests time right for rate hikes

http://www.marketwatch.com/story/fdics-bair-suggests-time-right-for-rate-hikes-2011-06-24

[DailyBail]

SYDNEY(MarketWatch) — Crude-oil futures retreated in electronic trading Monday, as the dollar strengthened and worries about the euro-zone debt dogged the markets.

http://www.marketwatch.com/story/oil-futures-fall-as-dollar-strengthens-2011-06-26

[DailyBail]

China construction boom may be stalling: SocGen

http://www.marketwatch.com/story/china-construction-boom-may-be-stalling-socgen-2011-06-24

[DailyBail]

BEIJING -(MarketWatch)- A recent decline in Chinese real-estate prices is starting to shake confidence in the country's economic vitality and open a debate about whether the country's economy is over-leveraged. That's what made the real-estate bubble's aftermath so painful for the U.S. and Japan.

Just two months ago, China expert Nicholas Lardy dismissed concerns about what he labeled a "so-called property bubble" during a conference at the Peterson Institute for International Economics in Washington.

Now, he says a housing downturn could produce a "major, major economic correction" in China, a view shared by other mainstream economists.

http://www.marketwatch.com/story/china-real-estate-concerns-keep-rising-2011-06-26

[DailyBail]

China premier: Hard to keep inflation below 4%

http://www.marketwatch.com/story/china-premier-hard-to-keep-inflation-below-4-2011-06-26

[DailyBail]

Japanese firms profit seen down 6%

http://www.marketwatch.com/story/japanese-firms-profit-seen-down-6-nikkei-2011-06-26

[DailyBail]

McConnell: No new taxes to balance budget

http://www.marketwatch.com/story/mcconnell-no-new-taxes-to-balance-budget-2011-06-26?Link=obinsite

[DailyBail]

China fund chief: U.S. must reduce deficit

http://www.marketwatch.com/story/china-fund-chief-us-must-reduce-deficit-2011-06-26?Link=obinsite

[Josie]

Although Fisher may be the most reasonable of the Fed Presidents, if that's possible, he is wrong (or lying) about the banks wanting to lend, at the least the big banks. Right now, the big banks want to borrow from the Fed at ~0%, buy treasuries and patch their balance sheets, lever up (again) and gamble. They know that lending at low rates is for the local small bank/S&L crowd. Not much money or big bonuses in that. Only free GE toasters and CDs.

Re: Ron Paul. Deep down, Fisher knows RP has history on his side and is right. No fiat currency has survived without catastrophic failure. Ever. The Fed is the drug pusher, and the drug they sell is the dollar, which continues to lose buying power year after year since 1913. Inform yourselves: www.cato.org

[DailyBail]

Well said, Josie...