Thursday, September 18, 2014
THE YELLEN REPORT
Flummoxed is as flummoxed does. And the same goes for hawkish.
There use to be an old saying about one finds what one is looking for. Perhaps the two places that's most relevant is medicine and markets.
A corollary of that is what they use to teach in medicine. If you hear hoof beats approaching you from behind in the middle of the night, think horses not zebra. We say use to teach because today we're not sure what they're teaching.
It's probably too basic for today's popular meme: complex problems require complex solutions if they're going to be valid.
Here's more fallout from the Yellen Report with some good points worth reading.
http://www.marctomarket.com/
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