Margin of Safety » Richard Fisher http://amarginofsafety.com "...to distill the secret of sound investment into three words..." Fri, 26 Jun 2020 18:44:00 +0000 en hourly 1 http://wordpress.org/?v=3.2 “Continued Signs of Financial Market Excess” http://amarginofsafety.com/2014/09/17/continued-signs-of-financial-market-excess/?utm_source=rss&utm_medium=rss&utm_campaign=continued-signs-of-financial-market-excess http://amarginofsafety.com/2014/09/17/continued-signs-of-financial-market-excess/#comments Wed, 17 Sep 2014 18:20:47 +0000 Ray Galkowski, CFA http://amarginofsafety.com/?p=1801 Continue reading →]]> From a report on CNBC.com (http://www.cnbc.com/id/102009066):

“There was one additional dissenter for the September statement. Philadelphia Fed President Charles Plosser voted against the position in July, and he was joined this month by Dallas Fed President Richard Fisher.

‘President Fisher believed that the continued strengthening of the real economy, improved outlook for labor utilization and for general price stability, and continued signs of financial market excess (my emphasis), will likely warrant an earlier reduction in monetary accommodation than is suggested by the Committee’s stated forward guidance,’ the statement said.”

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