“More than any other single individual in the U.S. financial system, (Fed Chair) Janet Yellen is in a position to see what is taking place in the economy and its financial markets…

…and to spot pockets of risk or overvaluation as soon as they appear. Sure, she may be early, and she’s unlikely to be an expert on specific stocks (why would anyone listen to a Fed chair on what specific stocks to buy, anyway?), but that doesn’t devalue her perspective.”, Suzanne McGee, The Fiscal Times

“As I have said before, if the Fed and its Chairman, with the access it has to the U.S. and world economic and financial data and all of its economic experts (and advisors), didn’t see fit before the 2007/2008 crisis to warn bankers and mortgage lenders about unsustainable housing, securities, and other asset bubbles….bubbles, they themselves helped create via their monetary policies….how in the world could you reasonably expect individual bankers like myself to have known it was coming? And yet, that is what the FDIC claimed in 2011 in its frivolous and meritless $600 million civil lawsuit against me. (The FDIC never proved their allegation against me. I denied their claims in  my settlement agreement with them. And I did not pay any monetary penalties.)”, Mike Perry, former Chairman and CEO, IndyMac Bank

Home > Columns > Don’t Ignore Janet Yellen’s Stock Market Warnings

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Posted on July 22, 2014, in Postings. Bookmark the permalink. Leave a comment.

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