(11/16/13)
Ben Bernanke "the savior of the world" is stepping
down and is being replaced by an even more dovish Janet Yellen (ala Bernanke
II). During her confirmation hearing on Thursday here are a few brief
statements from her. YELLEN SAYS FED DOESN'T SEE BUILDUP OF FINANCIAL RISKS
YELLEN SEES LIMITED EVIDENCE OF ‘REACH FOR YIELD
YELLEN SAYS FED LOOKS OUT FOR ANY POTENTIAL ASSET PRICE BUBBLES
YELLEN DOESN'T SEE `MISALIGNMENTS' IN ASSET PRICES These
are some amazing statements considering that NYSE Debt Margin is at an all time
high as investors are leveraged to the max. Meanwhile Investor Complacency is
at a 30 year low however I guess that doesn't matter either to Miss Yellen.
So overall I guess there isn't much to worry about since the Federal Reserve
isn't worried.
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