Skip to comments.Governments drink themselves to death at Madame Yellen’s speakeasy
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 ...
“She has no idea what she is doing.”
My take on her and Bernanke before her.
Love that title, and the excellent snark that follows.
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