Tuesday, March 22, 2011

Former Goldmanite And Head Of New York Fed Bill Dudley: "Let Them Eat iPad"

Since you can't eat gold, try eating an IPad 2.

http://www.zerohedge.com/article/former-goldmanite-and-head-new-york-fed-several-career-risk-free-restless-natives-let-them-e
Earlier today, Goldman New York Fed plant, and Jan Hatzius predecessor, Bill Dudley, emerged from his ivory tower to make a trek to Queens to deliver prepared remarks written by some intern, discussing the prospering state of the New York burrough (speech link). Unfortunately for the multi-millionaire, things quickly went from Unicorny and Rainbowy to horribly wrong. During the Q&A, one audience member asked: "When was the last time, sir, that you went grocery shopping?"

he "tried to explain how the Fed sees things: Yes, food prices may be rising, but at the same time, other prices are declining. The Fed looks at core inflation, which strips out volatile food and energy costs, to get a better sense of where inflation may actually be heading."

"I can't eat an iPad," another quipped.

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