Interesting news this past week was that Yellen and a couple of other fedsters decided they didn't want to strut around at their own annual summit meeting in Jackson Hole this year. Of course all the other fed chairmen have not always just been there, they used the venue to make or clarify policy statements that would guide the economic world for the next year at least. The world thus hung on their every word.
Now, it seems, the fedsters are more afraid of just being hanged as their global Ponzi goes into the collapse stage. Folks, there is a reason that these high powered bureaucrat elitists didn't go to their own party this year: they have nothing to wear! The emperor has no clothes.
Sunday, August 30, 2015
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