Fed starting to evidence getting past the Brexit meme now that the equities are making new highs; no way he says this without new highs in equities. They should soon start to talk again about higher policy rates, more so if the equity indexes continue higher.
Fed’s James Bullard says "the ultimate impact on the U.S. economy” from Brexit "will be close to zero” https://t.co/RTtqSwhw74
— Bloomberg Markets (@markets) July 12, 2016
2 comments:
Wait? How can this be? I thought there was all of this renegotiation of treaties and so on that has to happen that's going to reduce the fortunes of Britain. If their trade with us is to be impactful for them, it would seem to follow that it would also be impactful on us. Someone must be wrong here.
Well when they see equity indexes at new highs, then their whole view changes...
They do the same thing as everybody else who doesnt understand what is going on...
Mike analyzes this behavior in his youtube from today here:
https://youtu.be/hDHX-wou5-U
These Fed people are just like all the others who dont understand what is going on...
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