Speaking on Bloomberg Radio to Kathleen Hays this morning, outspoken St.Louis Fed chair James Bullard dropped two somewhat shocking reality-check tape-bombs... that we are sure will quickly be rescinded and translated for the hard-of-understanding...

First, Bullard was aksed about concerns over a US economic recession. He began with the 'standard' response of any establishment type:

"I don't see any recession on the horizon."

But then, something got hold of him and he uttered the following omnipotence-threatening phrase...

"But you never know."

But, we thought you are supposed to know? Besides, aren't you and your cohorts responsible for pulling the strings of the centrally planned state?