In the previous post I mentioned attending the Texas Cattle Feeders Convention at the Gaylord Texan on Lake Grapevine. In the comments, someone asked about my reaction to the speech by Dallas Federal Reserve Bank President Richard Fisher. My response was that I was impressed. You should be the judge however, and to that end, I have linked his speech which can be accessed at the following link:
http://dallasfed.org/news/speeches/fisher/2008/fs081104.cfm
Although it is obvious that he took great care in his remarks to send no signals to the market, I felt they were revealing anyway. I hope you take the time to read his speech and please feel free to comment. I would like to know your thoughts.
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