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From the mouth of Fed Chair Janet Yellen, “I don’t believe we will see another financial crisis in our lifetime.”
I had to reread the quote three times.
From there my mind began to race working all the angles. Why would she say that? What political or economic gain could come from such a ridiculous statement.
I am at a loss which leaves me with only one answer. Yellen is drinking her own Kool-Aid and actually believes she can control the market.
It’s nonsense of course. Attempts to control the market always fail. But that doesn’t stop each generation of control freaks from giving it the old college try.
It’s a mad, mad world.