The magnitude of hubris, it's called bullshit where I grew up, from the Fed's Jim Bullard today was of the highest order.
Calling inflation at 1.4% in America today was the cat's meow.
They utilize the largest lie of all in not including food and energy prices in the inflation computation. As if Americans don't eat nor transport themselves to and from work.
Gas prices up a month straight and inflation is 1.4%. Sure Jim, sure.
Pitchforks anyone?
The $85 billion being pumped into the coffers of the big banks, every single month, a mere 4 or 5 months ago, was to try to DECREASE UNEMPLOYMENT! Nothing has been accomplished folks, because job growth is averaging less than 100,000 per month and GDP growth slowing to
1%. The BS of the Fed continues unabated.
The beat goes on.
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