I am the only economist I know of who treats Federal Reserve policy as completely political. All others see Open Market Members as good people trying to help the country.

I frequently profess that the truth has no utility in politics. On rare occasions it does make an appearance and that is when, not knowing or acknowledging the truth will make a person look stupid. That is a mistake Janet Yellen is not going to take.

Here is an article, describing Yellen’s new found awareness of risk in stocks. Risk is being acknowledged while the Federal Reserve is doing every thing it can fathom, to goose stock prices and reward the elite class which determines Yellen’s agenda.

http://finance.yahoo.com/news/feds-yellen-says-equity-valuations-142814995.html

Do not mistake this truth telling effort to turn into an ongoing effort to enlighten the public.

Think of it as a hedge against looking stupid when the stock market crashes and confused citizens hit the streets protesting and rioting.

Do not mistake this truth telling effort to turn into an ongoing effort to enlighten the public.

Think of it as a hedge against looking stupid when the stock market crashes and confused citizens hit the streets protesting and rioting.

Views: 1