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Old NEM MB
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globalist yellen crawls out from under the rocks to tell Trump how to manage the economyYellen Speaks, Market Shrieks https://www.zerohedge.com/news/2018-10-15/yellen-speaks-market-shrieks?utm_source=feedburner&utm_medium=fee d&utm_campaign=Feed:+zerohedge/feed+(zero+hedge+-+on+a+long+enough+timeline,+the+survival+rate+for+everyone+drops+to+zero) by Tyler Durden Mon, 10/15/2018 - 10:27 US equity markets are tumbling from their pre-open algo buying-spree and while no obvious catalyst stands out, somewhat hawkish comments from former Fed head Yellen may have sparked some selling... Yellen is speaking at a Mortgage Bankers Association conference in Washington: *YELLEN SAYS 3% GROWTH IS TERRIFIC BUT DOESN'T THINK IT CAN LAST *YELLEN: INVERTED YIELD CURVE A GOOD RECESSION SIGNAL IN PAST *YELLEN: THIS TIME MIGHT BE DIFFERENT ON YIELD CURVE SIGNAL *YELLEN: FED NEEDS TO MOVE RATES TO NEUTRAL, STABILIZE LABOR MKT *YELLEN: NOT DESIRABLE FOR A PRESIDENT TO COMMENT ON FED POLICY *YELLEN: POLITICIZING FED POLICY RISKS UNDERMINING INSTITUTION So "keep hiking rates"... "ignore the yield curve coz it's different this time", and "ignore President Trump..." And the reaction - coincident - was notable... |
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