Dallas Fed Fisher Says Economy Has Too Much Liquidity

Sometimes it’s not so hard predicting the future.

If, for example, you have reports like this –

“Fed’s Fisher Says US Economy Has Too Much Liquidity” (CNBC)

The U.S. economy has moved from having too little liquidity to having more than enough, a top Federal Reserve policymaker said on Thursday.

“We’ve gone from too little liquidity to too much,” said Richard Fisher, president of the Federal Reserve Bank of Dallas.

A steep retreat in oil prices suggests this liquidity and the speculative activity it generates — not just strong demand from emerging markets — are driving the market, Fisher said.

Read the remainder of the story at Daily Markets

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About Bob Voelker

Head of the Munsch Hardt (Dallas law firm) Hospitality & Mixed Use Development Group, and former developer of affordable housing. I'm i
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