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Some insanely odd juxtaposition to start off the Weekend (this will be completely meaningless to you if you’ve never seen the movie American Psycho).
Richard Fisher – Head of the Dallas Fed
Miles Fisher – Son of Richard Fisher, Musician/Actor
Federal Reserve Bank of Dallas President Richard Fisher said late Thursday that he anticipates businesses will continue to keep a tight rein on spending in the near future, as “markets are still a long way from having normalized.”
In remarks prepared for a speech at the University of California, Santa Barbara, Fisher said that for the immediate future, “the risk to price stability is a deflationary risk, not an inflationary one,” placing himself on the side of those policymakers who are still more worried about growth than the risk the Fed’s ultra-loose money policies will result in heated inflation.
Fisher said that based on a survey of CEOs at key companies, he believes the private sector is currently grappling with excess capacity, and “suffering from shock induced by the trauma of the crisis.” He termed the condition “post-traumatic slack syndrome.”
Great cover by Miles, although this might not be safe for work (stop watching by minute 2). Alot of folks recognize the American Psycho scenes, but fewer will recognize the smaller cues taken from the movie Wall Street. The soundtrack, This Must Be The Place (Naive Melody) by Talking Heads, was prominently featured in Wall Street (I don’t think it was in American Psycho at all), and who could forget Michael Douglas talking on the Motorola DynaTac. Floored when I saw this video, not only do I think the cover is great (I’m a fan of covers), but it melds two of my favorite movies and does it very well.