Not just savers... EVERBODY! Even if you have a $Bazillion stock/RE portfolio, you'll be bankrupt. When the world cries "No Mas" on the $USD, our currency will crash and turn into Monopoly money. Think not? Study a little of world financial history. Has happened many, MANY times before... always the same result. And always for the same reason... GREEDY GOVERNMENT DEFICIT SPENDING WHICH LEADS TO CURRENCY DEBASEMENT! Ring any bells??
What is the deal with these prepared remarks released yesterday ? Aren't they usually released the same day at 10 am ? Yesterday's huge rally looks fishy in light of the news from Yellen we got after the close . Is there any chance true patriots in Congress will block her nomination ?
Quote from actionzip54: Are you serious? I think this broad is pretty good looking... "pretty good looking" !? She's smoking' hot! Imagine that in a string bikini.
"pretty good looking" !? She's smoking' hot! Imagine that in a string bikini. [/QUOTE] I'd go ham on that lil' chica.
12:03 pm Nov 14, 2013 MARKETS Yellen on Stocks: This Isnât a Bubble By STEVEN RUSSOLILLO Janet Yellen, the nominee to head the Federal Reserve, says the U.S. stock market is not in a bubble, judging by traditional valuation metrics. The S&P 500 is up 24% this year, has hit a series of record highs and has risen by more than 160% off the bear-market low in March 2009. âStock prices have risen pretty robustly,â she told lawmakers Thursday. But looking at several valuation measures â she specifically cited equity-risk premiums â she said: âyou would not see stock prices in territory that suggestâ¦bubble-like conditions. http://blogs.wsj.com/moneybeat/2013/11/14/yellen-on-stocks-this-isnt-a-bubble/?mod=yahoo_hs pretty clear what she intends to do...
Bernanke: There's No Housing Bubble to Go Bust (2005). http://www.washingtonpost.com/wp-dyn/content/article/2005/10/26/AR2005102602255.html