Widespread and Worse

By |2016-02-19T17:24:48-05:00February 19th, 2016|Economy, Federal Reserve/Monetary Policy, Markets|

When Janet Yellen testified to Congress last week, she was as usual careful with her words. Alan Greenspan once called it “mumbling with incoherence” but there is very little left to rambling in Yellen’s predicament. Where Greenspan was once the “maestro” and Bernanke the “hero” Yellen is stuck holding the bag, and I think she knows it. In truth, there [...]