If #Trump installs #GlassStegall and ends the insane regulatory environment that does little to protect the populace it would be the single greatest victory for the American people in decades.
That said, the market is not crashing because #Yellen isn't raising rates substantially and what she does do is slower and slower every day. The bubble won't pop until people start blowing into it or a tear occurs. In the meantime what's driving the market is people getting out of short term deposits waiting to put it in higher term bonds and CDs and getting into the only assets paying decent returns even if it implies bigger and bigger risk (mainly stocks and real estate).
Nice article. I liked your comment "one that can be squeezed into 'solid' only by taking #Yellen for an expert." If indeed she believed things were bright then she would find it in her to meaningfully move interest rates higher. Likewise, the call for stimulus and tax cuts in government would not exist. Indeed, reality is far from a solid economy.
@[Moon Kil Woong](user:5208), while I agree with much of what you said, I wouldn't go so far as to practically call #Yellen a socialist. Don't you think that's a bit much? Excellent post.
What #Yellen is doing reminds me of what I used to do in college: recycle papers from one class and turn them in modified form for another class. She has spent the year saying basically the same thing, just tweaking her statements a little bit. Eventually, though, there is that moment where you get caught recycling a paper or, in Yellen's case, saying basically the same thing over and over and hoping people will continue to believe it. CB credibility is close to completely destroyed now...
The Biggest Misstep Of 2021
Have a link to exactly what #Yellen said? I hadn't heard it.
Bears Could Be A Bust In The Hall Of Shame
If #Trump installs #GlassStegall and ends the insane regulatory environment that does little to protect the populace it would be the single greatest victory for the American people in decades.
That said, the market is not crashing because #Yellen isn't raising rates substantially and what she does do is slower and slower every day. The bubble won't pop until people start blowing into it or a tear occurs. In the meantime what's driving the market is people getting out of short term deposits waiting to put it in higher term bonds and CDs and getting into the only assets paying decent returns even if it implies bigger and bigger risk (mainly stocks and real estate).
The Actual Underside Of ‘Solid’
Nice article. I liked your comment "one that can be squeezed into 'solid' only by taking #Yellen for an expert." If indeed she believed things were bright then she would find it in her to meaningfully move interest rates higher. Likewise, the call for stimulus and tax cuts in government would not exist. Indeed, reality is far from a solid economy.
Who Really Sets Interest Rates
This must be what #Yellen says when she says #inflation will run hot. Lol, hot compared to temps on the darkside of the moon isn't that hot.
How Inflation Is Manipulated By The Federal Reserve
@[Moon Kil Woong](user:5208), while I agree with much of what you said, I wouldn't go so far as to practically call #Yellen a socialist. Don't you think that's a bit much? Excellent post.
Gundlach On The Fed Fiasco: "Yellen Sounds Like She Doesn't Have Confidence Anymore"
What #Yellen is doing reminds me of what I used to do in college: recycle papers from one class and turn them in modified form for another class. She has spent the year saying basically the same thing, just tweaking her statements a little bit. Eventually, though, there is that moment where you get caught recycling a paper or, in Yellen's case, saying basically the same thing over and over and hoping people will continue to believe it. CB credibility is close to completely destroyed now...