It is not unreasonable to think the housing market situation is manageable, albeit worth watching closely.
More Quotes from Richard Fisher:
So this leaves a third option better calibrating government spending programs,Richard Fisher
As a member of the FOMC (Federal Open Market Committee), I will never vote to monetize fiscal profligacy,
Richard Fisher
We have to watch things very carefully here because there are inflationary pressures and ... (the Fed's) duty is to be especially vigilant on that front,
Richard Fisher
Business is risky enough without the additional uncertainty created when a nation's unit of account -- in plain language, its money -- is undermined,
Richard Fisher
But the various Fed governors seem to be calculating them using numbers, which suggest inflation. Bert Dohmen brought this quote from Fed Governor Richard Fisher of Dallas to my attention, We cannot let the equivalent of sclerosis block the arteries and disrupt the workings ... Nor can we let the inflation virus infect the blood supply and poison the system.
Richard Fisher
China is in the midst of perhaps the largest military buildup the world has witnessed since the end of the Cold War.
Richard Fisher
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