All I have seen throughout the day was one article after the next speculating
on what Yellen may have meant when she said,
Whatever it is that she said!
I do not care what Jannet Yellen said,
Or what Jannet yellen thinks is going to happen in the future.
Tell me the last time a central bank actually got it right?
As far as I can see,
There is only one single thing that the FED has ever been good at doing,
And that is;
doing the WRONG THING at the wrong time,
pretty much all of the time.
Now is no different,
Ten Years pumping the financial system full of cheap credit.
Maintaining a dying banking system on life support.
propping up and ever increasing the size of government.
And of course inflating the greatest financial bubble of all history.
What a record!
And people still want to hear what this woman has to say?
Get real people!
This financial bubble is on its last legs, and will collapse with an horrendous force.
The economic damage will be severe,
And the central bank will have no small part to play in this coming tragedy.
With a bit of luck she will be the last central bank chair.
we could do without all the speculating on the meaning of her platitudes!