Tue, 30 August 2016
Janet Yellen’s recent comments at Jackson Hole on August 26th are really much of the same stuff. There is a few things in Yellen’s speech that are quite revealing. Yellen suggested that QE4 (more money printing) is on the table and even negative interest rates! Yes, Janet Yellen makes a comment saying rates you should have went negative in response to the housing crisis in 2008! Negative interest rates seem to be the last resort effort by central banks to keep things under control. This seems to be the end of the road and it’s not going to end well. Prepare yourself now while you still can!