Tuesday, April 1, 2014
Janet Yellen's speech yesterday to a group of community organizers sent stocks leaping higher once again.
However, corporate earnings have been weaker, and this sector-by-sector chart of EPS revisions shows that stocks are grossly overpriced.
Monday, March 31, 2014
is the impact of a deceitful Janet Yellen on inflation. This chart
shows the price of corn today. The price was dropping, until Yellen gave
a speech all but promising MORE inflation. She gave her speech before a
group of COMMUNITY ORGANIZERS! Obama would be proud. THIS chart showed
what happened to the price of food and other commodities when she began
speaking! It not only reversed. It LEAPED higher!
And Obama's legions of leeching lemmings believe those lies!
The #1 criteria for becoming a Fed Chairman is the ability to LIE through their teeth, straight-faced, without batting an eye!
By keeping interest rates so low for so long, all their do is create more and more bad debt, and none of it is ever cleared out of the economy so that it can heal! This only creates MORE bad debt and MORE risk! It only adds one story upon another to the house of cards!