At the end of the speech, her conscience began to overtake and she could no longer muster the courage to speak the lies that had been prepared on the sheet in front of her.
There was talk that she stroked, but it was no stroke, she choked.
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The fed is trapped. They have painted themselves into a corner. The magnitude of their fuck-up: Inflating the largest asset-price bubble in the history of man-kind is unfathomable. Fed Chair Janet Yellen gave a speech last week which was truly pathetic. The speech was 30 minutes of inane ramblings about how 'great' inflation is. The word 'inflation' must have been uttered 300 times. Yellen, trying to convince the world that the destruction of everyday citizens purchasing power is desirable. The lies ended up being too much for Yellen to bear. At the end of the speech, her conscience began to overtake and she could no longer muster the courage to speak the lies that had been prepared on the sheet in front of her. There was talk that she stroked, but it was no stroke, she choked. I can think of no bigger tell than that video. Janet Yellens poker face may be stoic, but unfortunately the market will call her bluff. On top of the Fed never raising rates & Janet Yellens embarrassing lying capabilities, the technicals are breaking down. It won't take much for another financial crises to spark. The bubble is so large that just falling asset prices may be enough for the multi-quadrillion derivative powder keg to explode. I am watching very closely DB as I believe that they could very easily be the first pin to drop. However, do not forget just how interconnected these banks are from our experiences in 2008. One shoddy too-big-to-fail bank goes down & the contagion could spread rapid fire! The writing is on the wall. Bulls lucked out having this Dead-Cat Consolidation last as long as it has. However, it is only a matter of time before support breaks and we head down into the depths. There is still an air of complacency about the market. However, on the next leg down I fully expect all hell to unleash and a massive wave of Fear to assert it's grasp.
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12/1/2015 03:57:10 pm
mtbigsky,
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