Who's Afraid of James B. Bullard? April 19, 2022

One day after James B. Bullard, of the US "Fed" says "the rate" will be trending toward 4% by the end of the year:

Also, on the horizon:

• soaring inflation;
• supply chain shortages:
• Chinese lock downs;
• stagflation;
• recession;
• and, of course, it's just a matter of time before they release the krakken
  

There's a really, really good explanation for what we're seeing in the market in early morning trading today. 

But I'm not going there. I don't need the pushback.  

Look at this:

• lowers guidance;
• says Covid vaccine sales will plummet;
• and then this:

• What happened? Increased its dividend by 6%, now $1.13, up from $1.06, quarterly. 

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On Julia Child's first cookbook.