For the benefit of the revisionist media (if there is any media left) once the final asset bubble has popped in a few years time, and which like now will try – incorrectly – to make Yellen appear Oracular in her prophetic “bubble warnings”, we would just like to “timestamp” what she just said:
- 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
So there you have it:
No risks, no bubbles, and on the record.
Thank you Mr. Chairwoman. And now, you may continue BTFATH.
IMPORTANT – The policy makers’ illusion is revealed as market manipulation continues!