Can we just all agree that yellen doesn't have a clue what she is doing, I mean you can clearly see it during the Q & A sessions....even BUBBLE ben bernanke had no clue, bernanke didn't fix anything with QE and that will show in due time...
I don't fully disagree with you. Having an experienced , proven and educated business leader at the helm makes sense. surf
Jim Rogers has been pretty spot on about gold and silver before. However, his track record for U.S. stocks and the Federal Reserve's actions is pretty bad. Just read his interview in Market Wizards. His prediction was pure doom and gloom, and then we had the roaring 1990s. http://investingtrack.com/our-guess-the-fed-will-not-raise-interest-rates-in-2015/
Yellen was handed a bag... Lets just hope everything works out.. I personally like the United States.. Everyone would like to believe they know what can happen.. It's an unknown.. Uncertainty is risk.... I just wanna be unbiased enough to trade whats happening when it happens..
No, I think its far more likely that you don't have a clue. Let's compare educational and applicable work experience background between you and the Fed head. Quite seriously, what is it in your background that makes you think you are qualified to analyze long term monetary policy. Be specific.
If you thought it was such a unqualified ridiculous claim you wouldn't have put effort into a response... Every Austrian economists has an explanation for what happens after prolonged credit expansion... The keysian school has one as well... People are riding the wave of cheap money... It has its consequences I don't think anyone would argue that. Let's just hope it works out
Talk about nonsense. Academics doesn't make someone the "best", unless all you're looking at is academic credentials. If the Fed is so full of brilliance, why do we continue to have bubble/bust/bubble/bust, etc. Couldn't these geniuses foresee any of the economic calamities they, themselves, create?
By any logic relative to educational credentials LTCM would have never blown up... Remember guys the fed is the biggest market speculator out there... You really don't want them to completely blow out... I totally agree... Fed creates problems and trys to solve them with the instruments that created them...
1. who are you buttering up with your non sequitur post? 2. she follows the progressive party line, kowtowing to her boss, obama. so much for the independence of the Fed which nowadays is a mere fiction. 3. you are the perfect one to tell Jim how he could be smarter. you gave advice to neiderhoffer. now he is bankrupt but still leading the good life.