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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: russwinter who wrote (41244)9/10/2005 9:04:54 AM
From: Ramsey Su   of 110194
 
Russ,

Janet Yellens was in San Diego last week and a friend of mine went to listen to her. This is part of the email he sent me summarizing her presentation:

.......Janet Yellin is a very well educated, experienced economist and central banker. She may be in line to succeed Mr. Greenspan.

Like he, she speaks volumes and says absolutely nothing.

Not even when asked a direct question, like, "Do you now consider global monetary statistics in setting domestic monetary policy?" does she answer.

She built a very strong case for a suspension of short term interest rates hikes as a result of disruption from the hurricane.

Then she demolished that argument and built an equally strong case for continued measured increases in rates.


I only know one certain outcome. The person who replaces Greenspan is an idiot. Only idiot would want that job under the present circumstances.
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