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  • Yellen sees 'no red warning lights” for U.S economy, but Fed’s rate cuts could backfire

    From kitco.com

    Recent economic data has raised questions about Treasury Secretary Janet Yellen’s optimistic view of the U.S. economy. While Yellen recently stated at the Texas Tribune Festival that she doesn’t see any “red lights flashing,” revisions to the August jobs report showed just 142,000 new jobs, and underemployment has climbed to 7.9%. The retail and manufacturing sectors are also shedding jobs, contributing to a more mixed economic picture than Yellen's words suggest. video In a conversation with Jeremy Szafron and Peter Boockvar, Chief Investment Officer at Bleakley Financial Group, offered a more cautious ... (full story)

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Here we go again with the back-pedaling, protect my honorarium, rhetoric: the standard disclaimer worded as "may (or may not) be"; "the government may not be acknowledging"
Well is it true or false, are there unintentional risks or not, an equity will go up or down, the light is on or off.
And then after this full article on the referenced website, is an article entitled 'Gold Prices Spike After U.S. PPI...' BUT that article is almost 5 months old. Typical of companies to keep old news current. Archive it for cryin-out-loud!
That's why she is always Yellen, because she is a blind as a bat.

Anyone who endorses the quality of US Economic data, or any economic data for that matter, is at a level of smugness akin to loving the smell of their own farts.

Smellin an Yellen
Break the cake
The don't want to push the button too fast; otherwise, they won't get a stock market rally just before the election.
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  • Story Stats
  • Posted: Sep 10, 2024 12:47am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 3  /  Views: 6,006

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