Janet Yellen testified before Congress today. Monthly tapering will continue but interest rates will remain pegged at nearly zero, perhaps forever.
The stock market is up, but a scary chart is making the rounds. Deja vu.
Does history repeat? (or rhyme or something...)
It matters not a jot whether the Wizard goes by the name of Alan, Ben, Janet or Beelzebub, the Wizard of Oz is forever the Wizard of Oz, and there's no point hanging on his/her/its words for any sense of what's going on in the real world.
Why anyone would do anything other than pity that poor Janet is beyond me. Glove puppets must have sore a-holes.
Posted by: Oliver | 02/11/2014 at 06:16 PM