Monday, June 6, 2016

Yellen's fairy tales.

You can read Yellen's latest speech here:

https://www.federalreserve.gov/newsevents/speech/yellen20160606a.htm

It is a fairy tale fudge. The economy? Improving, but. Jobs? Disregard latest news. Interest rates? They are not sure. Inflation? Struggling to get to 2%. Food prices, of course, are excluded.

Etc, etc, etc.

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