“Would I say there will never, ever be another financial crisis?” Federal Reserve Chair Janet Yellen said at a London conference last week. “You know probably that would be going too far, but I do think we’re much safer, and I hope it will not be in our lifetimes, and I don’t believe it will…
Tag: Mario Draghi
What did Mr. Draghi say?
It never ceases to amaze me how the media (specifically CNBC) seems to consistently get it wrong. And, yesterday it seemed to be almost intentional. Wednesday, March 9, all were eagerly awaiting Thursday morning’s European Central Bank (ECB) policy pronouncement. When it arrived via ECB Chair Mario Draghi, the markets in Europe and the US…
Conventional Wisdom Undone
The end of Quantitative Easing (QE) will spell the end of the post-financial crisis recovery of the U.S. economy with a spike in interest rates and hard times for the stock market. It did not happen. Here is a link to what we were saying in December of 2013 that may add credibility to our post…