Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Governments drink themselves to death at Madame Yellen’s speakeasy
MoneyWeek ^ | 03/23/2015 | Bill Bonner

Posted on 03/26/2015 1:06:02 PM PDT by Olog-hai

Last week was a bad one for the US dollar, but good for stocks. The greenback had its worst five days of trading in four years, but the Dow rose another 168 points on Friday.

This action took place after Madame Janet Yellen, proprietress of the House of the Rising Stockmarket, said she would not be impatient about raising rates. She would not be patient either, she warned.

Investors drew the obvious conclusion: She has no idea what she is doing. […]

The world of today is not the same world it was 50 years ago. We have a new kind of money. We have a new economy. And we have a different kind of government. All have been transformed over the last 40 years in ways that few people have noticed and fewer still have understood. …

(Excerpt) Read more at moneyweek.com ...


TOPICS: Business/Economy; Editorial; Government
KEYWORDS: federalreserve; fiscalabyss; fiscalcliff; janetyellen

1 posted on 03/26/2015 1:06:02 PM PDT by Olog-hai
[ Post Reply | Private Reply | View Replies]

To: Olog-hai

“She has no idea what she is doing.”

My take on her and Bernanke before her.


2 posted on 03/26/2015 1:20:33 PM PDT by Georgia Girl 2 (The only purpose o f a pistol is to fight your way back to the rifle you should never have dropped.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: All

Love that title, and the excellent snark that follows.


3 posted on 03/26/2015 1:35:36 PM PDT by LegendHasIt
[ Post Reply | Private Reply | To 1 | View Replies]

To: Olog-hai

chaos bump!


4 posted on 03/26/2015 2:05:18 PM PDT by 4Liberty (Prejudice and generalizations. That's how Collectivists roll......)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Olog-hai
Yellen might want to stock the back rooms with Colombian prostitutes, and throw Paul Krugman out of there.
5 posted on 03/26/2015 3:40:18 PM PDT by lentulusgracchus ("If America was a house, the Left would root for the termites." - Greg Gutfeld)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson