Very soon after Janet Yellen’s House testimony ended saying she would not give a definite date for a rate rise, Fed Governor Bullard is out this morning saying he wants rates higher NOW.

As I wrote yesterday, rates will not move off of ZIRP in 2016, a fact Yellen could not say.

But Bullard’s remarks show the bubble making factory at its worst. Obfuscate and confuse markets with mixed signals in order to prop up equity markets and keep Uncle Sam’s borrowing costs low.

Record highs in stocks, mean nothing economically, yet the Fed is hiding behind the fact that its equity bubble is a reason to raise rates.

It is if you want to blow up the bubble. Big money always goes to where it is treated the best. And right now that money is flowing to stocks because saving it means almost losing money.