Janet Yellen on financial crisis
Is Janet Yellen's statement that she expects no more financial crisis in our lifetimes the greatest sign that there's a huge one coming soon?
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She couldn't hit water if she fell out of a boat.
There's a retirement crisis and entitlement crisis coming minimum. Illinois, Philadelphia, NJ, California, Puerto Rico.
I'm beyond short on state/sub-sovereign credit. If you aren't already long muni-CDSs then you're late to the party.
I doubt there will ever be a liquidity crisis again.
I'll just leave this here..
Love it! Mises, Rothbard, Hayek, Menger = real economists. Keynes = clown who was proven wrong time and time again.
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