You Can Actually See The Desperation

By |2015-09-25T13:58:42-04:00September 25th, 2015|Bonds, Economy, Federal Reserve/Monetary Policy, Markets|

Why was Janet Yellen’s speech yesterday so highly touted? My last post might be more relevant to that appearance than what is presented here. After all, each FOMC meeting begins with a presentation from the head of the Open Market Desk usually pertaining to comprehensive liquidity (or as much as the orthodox view of it allows). For all the smiles [...]