"financial institutions would need to be capable of withstanding large shocks to asset prices, as well as other shocks." James Bullard - St.Louis Fed President
"Bullard has inadvertently pulled back the curtain and exposed the reason that we will suffer another crash in the markets, this one worse than the last."
"Our prediction: Q.E., ZIRP, and all other disastrous and bubble-friendly policies by the Fed will remain in place until such time as Wall Street has transferred enough wealth from the middle class at current conditions, at which point debtloads will be inflated through a period of hyperinflationary annihilation of the middle class, or, because we have no certainty the Fed can even print enough FRNs quickly enough without screwing something up, will collapse under their own weight in a deflationary implosion. Either way, the end is now in sight."
‘P is for Palestine’
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