Thoughts from Chris on Janet Yellen’s earlier speech.
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Agree Dallas,
However, I would take it beyond just the financial situation.
Candidly, I am very concerned.
The problems in the economy are structural in that middle class jobs aren’t coming back technology is seeing to that. Unlike the 1930’s when America had to fear the accumulation of gold and what effect that might have on world trade now the real fear is when the public at large finds out The US is broke and most likely has no gold. Imagine how this will affect world trade.
I agree with you DT…………THE problem is STRUCTURAL..
What does everyone make of the warmongering coming out of DC these past few days? You think something is up?
Don’t you understand ! Day want a new problem ok ! GOVERNMENT SUCKS ! https://www.youtube.com/watch?v=WCkBnBBeAbE
When you don’t understand Alan Greenspan and Alan Greenspan don’t understand YOU ! And now YOU don’t understand YELLEN oooooo NICE ! GOOD LUCK WESTERN WORLD !!!!!!!!!!
THE WEST IS BROKEN ! https://www.youtube.com/watch?v=4y_Dn1QPIw0
GOOD ONE franky
THANKS ! MAN !
Mixed up Yellen………….they are all confused…………
I love that quote of Euripides Chris. One of the descriptions given to Satan is that he’s the author of confusion, and how often do we find those who would sow confusion end up going crazy themselves. Another of the sage’s quotes is ‘Talk sense to a fool, and he calls you foolish’! Of then there’s the one by Socrates:
‘Grant us Lord of life to be beautiful in the inner man, and that all that we have of other things to be at peace (sane) within. counting only the wise to be truly rich increase to us our store of gold’.
Best, A
Yellen will never say anything that offers insight. A mix of good and bad news so that the markets don’t get shaken. She has to tiptoe very carefully because of all those foolish analysts at the big institutions listening to each word and one wrong word could start a sell-off. She has to use a lot of words to say nothing. The economy is getting better in some ways and not in others ways. Interest rates may go up eventually but then again they might not.
It’s very simple, really.
1. The Fed is painted into a corner of its own making.
2. There is no escape.
3. They can die with a whimper, or a scream, and which one doesn’t matter very much.
4. All any of us can do is hold on to the toboggan for dear life and hope we’re still alive and – mostly – in one piece when it comes to a halt at the bottom of The Slippery Slope that we’re on.