This morning on Bloomberg, Federal Reserve Bank of Dallas,@DallasFed, President Richard Fisher made snarky comments in response to Betty Liu, @BettyInTheLoop , and diminished the value of his interviewer, Sara Eisen, @saraeisenFX.
About 4 minutes in, Fisher says that the media is hyping the dissent from the most recent Fed meeting. Liu challenges him saying that the markets may have increased volatility due to the dissent.
The lack of clarity in policy, monetary and fiscal, has been a key reason why investors have been cautious and unwilling to accept risk.
Fisher goes on to buffer his initial response by stating the obvious, he is much older than either of his two hosts.
Richard Fisher's credentials are very impressive. However, he should be above diminishing others opinions due to his greater experience.
Who is to say his many years make him any more right than a five year old. For many economic questions, you would do just as well flipping a coin as you would listening to the experts. Actually, listening to the experts may be a good strategy, as long as you take the contrarion view.
"Wisdom doesn't automatically come with old age. Nothing does - except wrinkles. It's true, some wines improve with age. But only if the grapes were good in the first place" Abigal Van Buren
"The surprising thing about young fools is how many survive to become old fools." Doug Larson
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