“Janet Yellen is being pushed into a corner by the Fed’s own pronunciamientos. It has been threatening to raise interest rates when its inflation and employment targets are hit. And hit they have been. So what’s she gonna do? Our guess is she means what she says. She is a smart woman. But she is not smart enough to see that she has been talking claptrap… and not courageous enough to admit that her career is built on it. If she sees any sign the ‘recovery’ has been put in danger by her attempts to normalize interest rates… she will back up. That is the history of the last seven years of Fed policy… and it is probably the best guide to the months ahead.”
http://www.bonnerandpartners.com/the-feds-next-move/
Related posts:
Bill Bonner: How America’s Working Stiffs Got Stiffed
Pat Buchanan: Too Many Wars. Too Many Enemies.
The NSA-DEA police state tango
Al-Qaeda now a US ally in Syria
Isn't It High Time We Legalize Marijuana?
Germany will think twice before saving France next time
The Winner of the Election: George W. Bush
Eric Margolis: The Road To Nowhere – Kerry Mideast Journey
Why Are Bond Yields Falling as Stocks Rally?
Obama (Scut Farkus), Europe (Grover Dill), and Snowden (Ralphie)
Ron Paul: The Drone Threat
Silver at $28.50: What I Will Do Now
Psycho-State Targeted Brandon Raub
Africa's Resources Beckon
US Spy Chiefs Reverse Course on Phone Spying -- But Just For Huawei