by David Kranzler
Investment Research Dynamics
The Federal Reserve members seem intent and content to make fools of themselves with continuous threats to raise interest rates. Some of them seem to discharge the “rate hike next meeting” utterance regularly as if they have Turret’s Syndrome. And yet, when the rubber meets the road, there’s no change in monetary policy.
And then there’s Janet Yellen. She becomes more pathetic with every public appearance. Today one of the CNBC goons asked her if the Fed has a credibility problem. If you can make sense of her answer please explain it to me. I really hope she was starting to trip on LSD someone might have slipped into her coffee because her response is nothing more than unintelligible utterances (as quoted from Zerohedge.com):