Source: Bloomberg

Category: Video

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4 Responses to “Fisher on “Feral Hogs””

  1. Concerned Neighbour says:

    Just more of the same. Where are the central bankers when the “feral bulls” pump the markets to new all-time highs despite mediocre at best fundamentals?

    Why are central bankers complaining about a trivial pullback when the market is still up so much this year?

    Are things so dire that a few days in a row of losses after reaching all-time highs can lead the system to collapse?

    It is an absolute clown show. Hopefully we can end the talk of what has and is driving these “markets”. A Fed board member spoke a few words today and the “markets” surged 1.5%. An absolute clown show.

  2. boveri says:

    Too bad this piece was titled for Fisher’s feral hogs quote but shows something else. However here are the direct and strong words Fisher used today.

    ” The former hedge fund manager likened the market reaction to Fed chairman Ben Bernanke’s signal that the bank could begin reducing its $85bn monthly bond purchases before the end of this year to the 1992 attack led by investor George Soros on the Bank of England. The latter led to the UK crashing out of the European exchange rate mechanism.

    “Markets tend to test things,” Mr. Fisher told the FT. “We haven’t forgotten what happened to the Bank of England [on Black Wednesday]. I don’t think anyone can break the Fed . . . But I do believe that big money does organize itself somewhat like feral hogs. If they detect a weakness or a bad scent, they’ll go after it.”

  3. boveri says:

    Here’s what Fisher, head of the Dallas Fed said:
    The former hedge fund manager likened the market reaction to Fed chairman Ben Bernanke’s signal that the bank could begin reducing its $85bn monthly bond purchases before the end of this year to the 1992 attack led by investor George Soros on the Bank of England. The latter led to the UK crashing out of the European exchange rate mechanism.

    “Markets tend to test things,” Mr. Fisher told the FT. “We haven’t forgotten what happened to the Bank of England [on Black Wednesday]. I don’t think anyone can break the Fed . . . But I do believe that big money does organize itself somewhat like feral hogs. If they detect a weakness or a bad scent, they’ll go after it.”

  4. Willy2 says:

    Steepening Yield curve ???

    I see the yield curve flattening !!! That’s together with rising short term rates a GOOD sign among many bad signs. But I have to see more good signs to become bullish again.