Stock Market Blowout Isn’t Keeping Dallas Fed Leader Fisher Up At Night

From wsj.com

Sinking global stock markets are no worry to Federal Reserve Bank of Dallas President Richard Fisher right now. “A market correction doesn’t mean the economy is in trouble,” Mr. Fisher said in an interview on Fox Business Network Wednesday. “Without mentioning any companies in particular, prices are getting more rational and some very good companies are even being mispriced to the down side,” he said. Mr. Fisher was commenting on the sharp decline in stock prices seen around the world. In particular, U.S. equity prices were hard hit, and fearful investors were bidding up the price of safe haven assets like ... (full story)