B-Dud Shrugs On His Way Out The Fed Door: "It's Small Potatoes"

And then New York Fed's Bill Dudley ventured on to Bloomberg TV to calm the masses, proclaiming that this drop is "small potatoes" and the decline in equity values (has no economic implications."

https://www.zerohedge.com/news/2018-02-08/fed-shrugs-10-tumble-stocks-its-small-potatoes

 

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.