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Yellen Provides Boost For Bonds: And Other Bond Stories
And Boring? Did anyone think she had a ‘firecracker’ personality? Is a personality even a prerequisite for this job? Is banking the kind of profession that draws in that high energy, excitable, exuberant, alpha ‘type A’ person? Hello? Greenspan, Bernanke – think about all of the ‘laughs’ they bring to any holiday party! Come on….the show was exactly what most expected, respectful, polite with no surprises at all. So now that we have been assured that existing stimulus measures will remain in place and well entrenched and that any talk of tapering has been ‘firmly kicked’ down the road – investors can now take on more risk as the search for yield continues. With nothing in the way now – many expect that investors will really get drawn in as we approach the next milestone – S&P 1800 – which is only 10 small points away….. Did you happen to notice that not one person raised the issue of the recent weakness in commodity demand around the world? Copper, Oil, Gold, Platinum, Corn etc? Not a word……not Yellen, not a single committee member mentioned it. I only say this because usually deflation follows a steep drop in commodity demand, which is what we are seeing now and deflation is a signal seen ahead of approaching recessions – but no one mentioned it, no one questioned whether or not FED action has anything to do with it. I’m just sayin……
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http://www.kennypolcari.com/2013/11/15/morning-thoughts1800-here-we-come-try-the-pureed-escarole-soup-wfresh-mozzarella/
And Boring? Did anyone think she had a ‘firecracker’ personality? Is a personality even a prerequisite for this job? Is banking the kind of profession that draws in that high energy, excitable, exuberant, alpha ‘type A’ person? Hello? Greenspan, Bernanke – think about all of the ‘laughs’ they bring to any holiday party! Come on….the show was exactly what most expected, respectful, polite with no surprises at all.
So now that we have been assured that existing stimulus measures will remain in place and well entrenched and that any talk of tapering has been ‘firmly kicked’ down the road – investors can now take on more risk as the search for yield continues. With nothing in the way now – many expect that investors will really get drawn in as we approach the next milestone – S&P 1800 – which is only 10 small points away…..
Did you happen to notice that not one person raised the issue of the recent weakness in commodity demand around the world? Copper, Oil, Gold, Platinum, Corn etc? Not a word……not Yellen, not a single committee member mentioned it. I only say this because usually deflation follows a steep drop in commodity demand, which is what we are seeing now and deflation is a signal seen ahead of approaching recessions – but no one mentioned it, no one questioned whether or not FED action has anything to do with it. I’m just sayin……