YELLENOMICS 101

They say that getting to the summit is only half the journey; you hafta’ make it back down again, too. It’s getting to be a pretty big drop.

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How long do you think it’s gonna’ rain? Forever?

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And what do you think will happen when it stops?

Dow Jones Industrial Average, 1900 - August 17, 2007.
 

Dow Jones Industrial Average, 1900 - 1940.

The greatest economic mind in America (supposedly) thinks she can keep the ball rolling indefinitely. Some, including Al Bartlett (1:13:53), would disagree.

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Old Yeller

Tonight in Amherst Massachusetts, Janet Yellen, while giving a speech titled, “Inflation Dynamics and Monetary Policy” appeared to have had a stroke, live on stage.

Initial reports claim it wasn’t a stroke. <sarc> Perhaps the Russians poisoned her with polonium-210. </sarc>

Her reaction caused a stir in the markets, which then rebounded on the news that she would survive.

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Apparently she’s doing fine and is heading off to supper. We’ll see.

*Update*

From Zero Hedge:

Fed Refuses To Comment On Yellen’s Health

One way or another, she doesn’t seem well. Whether it’s penis envy vis-a-vis Christine Lagarde, or another stroke, she looks as healthy and as in-the-loop as the global economy and the people paying for it. Or did she just ‘get it‘ that her monetary policy has played into the hands of the ‘International Order,’ as Barack Obama called it.

Yellen gets it