DislikedLooks like U/j, DXY inverse correlation has resumed. As DXY has been/continues on a bearish tear expect U/J to spike higher this week. In the same respect, highly probable US equity indexes will continue hitting (non (real) inflation-adjusted ATM Highs). Thankfully Chair Yellen reassured markets when she stated, "Would I say there will never, ever be another financial crisis?" Yellen said at a question-and-answer event in London. "You know probably that would be going too far but I do think we're much safer and I hope that it will not be in our...Ignored
"Will capitalist economies operate at full employment in the absence of routine intervention? Certainly not. Do policymakers have the knowledge and ability to improve macroeconomic outcomes rather than make matters worse? Yes."
April 1999 Doh!!!!!
"First, if the bubble were to collapse on its own, would the effect on the economy be exceedingly large? Second, is it likely that the Fed could mitigate the consequences? Third, is monetary policy the best tool to deflate a house-priced bubble?
My answers to these questions in the shortest possible form are, 'no', 'no', and 'no'".
Sept 27, 2005 Wrong, wrong, wrong
"While the decline in housing activity has been significant and will probably continue for a while longer, I think the concerns we used to hear about the possibility of a devastating collapse - one that might be big enough to cause a recession in the U.S. economy - have been largely allayed."
Jan 22, 2007 "You're fired"
Hopefully the one thing Trumpie gets right, besides the Gorsuch SCOTUS appointment, is the next Fed Head.
