Another former central banker now warning that asset market declines are in order as the QE pump ‘n dump completes. Poor central bankers, they have made market participants into a pack of mindless crack addicts and now they are annoyed with the insatiable depths of the addiction…Oh, but do keep using a bit longer, he adds…
An interest rate hike will surely cause market pain, but the Federal Reserve should get it over with, former Dallas Fed President Richard Fisher said Wednesday.
“I would be prepared when they move — and I hope they move some time in June — there’ll be a settling in of the market place. There will be a correction. Suck it up. Deal with it. That’s reality,” he told CNBC’s “Squawk on the Street.” Here is a direct video link.
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