Take this with a grain of salt, but it is an interesting chart for sure.
(Alternatively just keep your head down and keep working hard, which is probably best.)
QE is failing. (It was destined to, as we have said many times.) They may be able to jack the system up again. That is extremely possible. But I think it it is equally possible that an alternative scenario plays out here.
Keep watching Japanese debt.
I am not saying this is the capitulation. Who knows? Frankly no one. But it’s time to pay attention if you have money in the market.
Looks like had Reid not changed the 200 year old Senate rules late last year Ms. Yellen might not have been confirmed. It appears that at least 40 Senators would have voted against her confirmation, but since there is no filibuster in this situation, 50% of the Senate can confirm the new Fed Chair as opposed to the 60% of past years.
You thought that as an American you were protected by the Constitution and that you could be secure in your “papers and effects.” The 4th Amendment says so.
The Fed’s latest stock market bubble is at risk of blowing up.
He says he didn’t see the housing bubble emerging 7 years ago and that regardless the bubble wasn’t his fault anyway.
Now Greenspan doesn’t see a bubble in stocks. Valuations are increasingly out of whack. The Fed has held rates at 0% for a half decade, but there’s no bubble.