Fed’s Fisher Stuns CNBC: “Time To Wean Generation Of Money Managers Off Their Dependency On A Fed Put”

Good luck with that. Some of these guys would go into fatal withdrawal. The Fed put has made many of these guys very very rich. Meanwhile America’s middle class has looked on.  Also worth noting that this is Richard Fisher, former Fed president, not Stanley Fischer, former vice chair, and that Richard Fisher has always been an outlier among Fed members, too sensible for most of them.

(From Zerohedge)

“The Fed has created this dependency and there’s an entire generation of money-managers who weren’t around in ’74, ’87, the end of the ’90s, anbd even 2007-2009.. and have only seen a one-way street… of course they’re nervous.”

“The question is – do you want to feed that hunger?