Yellen: No Financial Crisis In Our Lifetime
It’s official, folks: You don’t have to worry about a financial crisis ever again! Well, your children might, but you are in the clear!
How do I know this? Why, the Empress of the Economy herself, the venerable Janet Yellen, chair of the High and Mighty Federal Reserve Board of Governors, has dribbled this gem of wisdom from the heights of Mount Olympus onto our lowly heads:
“Will I say there will never, ever be another financial crisis? No, probably that would be going too far. But I do think we’re much safer and I hope that it will not be in our lifetimes and I don’t believe it will.”
Thus spake Yellethustra.
So now, with that out of the way, it’s time to party like it’s 1999! You know, the height of the dotcom bubble, when everyone and their pet monkey was raking in the IPO dough and newly-minted NASDAQ millionaires were lighting their cigars with hundred dollar bills. And we all remember how well that party ended, don’t we?
Join James for this week’s editorial on Yellen’s ridiculous “no more crashes” prediction. Also, stay tuned for recommended reading, viewing and listening and get your 25% discount on Corbett Report DVDs in this week’s edition of The Corbett Report Subscriber.
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Filed in: Newsletter
Tagged with: economy • fed
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