And Where's American Fiscal Irresponsibility on This List?
From the mouths of central bankers...
Federal Reserve Bank of St. Louis President James Bullard said the European sovereign-debt crisis has surpassed rising oil prices to become the biggest risk to the economic outlook in the U.S.
“I would have said oil a few weeks ago, but now with those prices retreating, just sitting here today, I’m a little more worried about Europe than anything else,” Bullard said today in an interview at Bloomberg’s global headquarters in New York.
In this same chat, Bullard also said there are "plenty of buyers" to pick up Treasurys once the Fed stops buying them up this summer. He also said that higher commodity prices can't be pinned just on the Fed. Just so we know the guy isn't operating with a full deck here.
Someone needs to put down the central banker fairy dust and get real.