Daily Market Blog: Save us Janet!
"As she says, inflation should remain low, the unemployment outlook in the US since July has improved. Obviously the Republicans want to make America great again, 13 million jobs added to the US economy since 2010 is not acceptable."
To market to market to buy a fat pig. Janet Yellen said this, so that happened. It must be that she holds the secret sauce to everything. You know that part in The Hitchhiker's Guide to the Galaxy where the answer "to life the universe and everything" is 42? Janet Yellen has the answer seemingly to everything, perhaps it really is 42. In the same way that apparently we are waiting for some direction in the state of the nation this evening. The answer to that is also 42. When Janet Yellen speaks, it is almost as if the little four year old Mr. Market has been handed their comfy blankey. Lean in a little, Janet Yellen will watch the data the same as all of us, the only difference is that unlike the ordinary market muggles that we are, she has the giant interest rate wand. We should rather refer to her as she who shouldn't be named.
Yesterday afternoon our time, the prepared remarks of Janet Yellen started filtering through, ahead of the Fed chair's Semiannual Monetary Policy Report to the Congress. You too can follow the link and read what she has to say to a bunch of politicians equally searching for answers. As she says, inflation should remain low, the unemployment outlook in the US since July has improved. Obviously the Republicans want to make America great again, 13 million jobs added to the US economy since 2010 is not acceptable to people who wear little animals on their head, that passes for hair. Sis, sorry, that is not nice. The New Hampshire primaries certainly show that the US is currently really polarised, left and right at extremes.