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6 comments

1 Flounder  Thu, Sep 19, 2013 5:58:37am

I love it! My deferred comp is going thru the roof!

2 aagcobb  Thu, Sep 19, 2013 6:32:28am

The Fed has two mandates: full employment and price stability. With unemployment unacceptably high, the recovery still demonstrably weak, inflation running way below the Feds target rate, and the GOP about to engineer several more weeks of artificial financial crises in their temper tantrum about Obamacare, there was absolutely no reason to begin tapering, as nine out of ten Fed Governors realized. What I found strange was that elites still expected the Fed to taper anyway. That probably reflects their distorted view of the world compared to ordinary people. The 1% are experiencing an economic boom, so they are more concerned about the hypothetical possibility that rising inflation will reduce the value of the wealth they are hoarding than that millions of people are still unemployed and needlessly suffering.

3 Bulworth  Thu, Sep 19, 2013 6:52:17am
The Fed has two mandates: full employment and price stability.

END THE FED!!! Only inflation matters!!! End the full employment mandate!!! And Obamacare is killing jobs, which we really care about.

4 missliberties  Thu, Sep 19, 2013 7:22:27am

It surprsed some hedge funds who lost a lot of money on their ‘market making’ bets.

Poor babies.

5 Jayleia  Thu, Sep 19, 2013 9:13:58am

re: #4 missliberties

I shall try to find the appropriate violin to play for them…does anyone have an electron microscope handy? I kinda misplaced that violin…

6 EPR-radar  Thu, Sep 19, 2013 1:58:47pm

re: #5 Jayleia

I shall try to find the appropriate violin to play for them…does anyone have an electron microscope handy? I kinda misplaced that violin…

I think I’ll need access to the Large Hadron Collider to get down to the length scale where my violin for the hedge fund crowd might exist.


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