This is a repeat of her history. Remember Yellen said that
there was no housing bubble and that the US economy was safe...that
was in 2007 when the housing market had already been in decline for
7 months.
After the bubble burst she said ..."for my own part I did not
see and did not appreciate that the risks were with
securitization.... I didn't see any of that coming until it
happened".
Really are these central bankers that blind?...Maybe but I
expect she knows why and isn't allowed to tell the country....at
least until it happens again.
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This is a repeat of
Yellen says recession odds are low
Posted by wowten on 23rd of Jun 2016 at 01:19 pm
This is a repeat of her history. Remember Yellen said that there was no housing bubble and that the US economy was safe...that was in 2007 when the housing market had already been in decline for 7 months.
After the bubble burst she said ..."for my own part I did not see and did not appreciate that the risks were with securitization.... I didn't see any of that coming until it happened".
Really are these central bankers that blind?...Maybe but I expect she knows why and isn't allowed to tell the country....at least until it happens again.