Saturday, August 27, 2016

Janet Yellen and Wall Street

This past week, the Federal Reserve Board has played tap dancing, again, while enjoying its annual junket-meeting in Jackson Hole, Wyoming.

While the US economy is mostly on a deflationary mode (i.e. last month's CPI numbers) the Fed continues to scare the bejesus out of investors.

I vacillate between thinking the entire board of governors, including Janet Yellen, are a bunch of morons, or they simply are in cahoots with Wall Street to promote a perpetual trading and churning environment.

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