I HAVE INVESTMENT ADVICE FOR YOU!!!
A continuing, endless series. This morning in response to the BLS jobs report, he suggested the numbers were cooked (“We’re all conspiratorial here.”) — in other words not too high, not too low — for the sake of propping up Fed policy of gradual contraction of monetary stimulus. CNBC’s fixed income expert. Right.
At least Larry Kudlow acknowledges the “miraculous” nature of the failure of inflation to appear. I agree with these guys that Bernanke has anchored long term inflation expectations on the backs of the unemployed and wage earners:
http://www.moneyandbanking.com/commentary/2014/7/31/inflation-expectations-how-credibility-pays-off
But maybe Waldmann is correct that Santelli (and Fox News and the Wall Street Journal) are helping Obama by moderation mid term inflation expectations upwards in that mid term expectations would be lower if not for Santelli’s rants.
http://angrybearblog.com/2014/07/anchored-perceived-inflation-or-how-fox-news-helped-obama.html
More like they’re helping the Fed taper ahead of schedule.