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Fill In The Blank: Fed's Lockhart Says "Policy Continues To Stimulate The ..........."

Economy... or Market?

That word "stimulate" - we don't think it means what you think it does...

 

But Lockhart didn't stop there:

  • *LOCKHART: BUSINESS INVESTMENTS BEING IMPACTED BY UNCERTAINTY (right, Fed uncertainty!)
  • *LOCKHART: A BREXIT LEAVE VOTE COULD CAUSE SPILLOVERS TO U.S. (which is the opposite of what they were saying a few months back)

Pure credibility crushing perfection.