Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Almost 1% and 3% on the Week
By: Chris Mullen, Gold-Seeker.com

Ira Epstein's Metals Video 5 26 2017
By: Ira Epstein

COT Gold, Silver and US Dollar Index Report - May 26, 2017
By: GoldSeek.com

Really Bad Ideas, Part 2: Giving Up Without Admitting It
By: John Rubino

Silver Minersí Q1í17 Fundamentals
By: Adam Hamilton, Zeal Intelligence

The story behind continuing strong bullion coin demand
By: Michael J. Kosares

Fedís Shrinking Balance Sheet and Gold
By: Arkadiusz Sieron

The FANG Market Rig Will End Terrible As All Rigs Do
By: Graham Summers

Sentiment Speaks: Central Banks Control Nothing
By: Avi Gilburt

Hereís Why I Think Renewable Energy Is Finally Living up to Hype
By: Frank Holmes

 
Search

GoldSeek Web

 
Yellen's Idea of a Heated Economy

By: Rick Ackerman, Rick's Picks

 -- Published: Thursday, 16 February 2017 | Print  | Disqus 

In testimony before Congress this week, Yellen aggressively talked the Fedís book, asserting that the U.S. economy looks so hunky-dory these days that the rate hikes she keeps promising are absolutely, definitely, positively coming. Letís see if she changes her tune when the housing and auto sectors turn down sharply, as appears all but certain. Substantially higher mortgage rates, coupled with rising home prices caused by tight supply, have already killed off first-time buyers and the re-fi market. More recently, some of the biggest players in commercial real estate have begun to pull back from the massive bubble they created in the residential rental market. We should not allow Yellenís self-aggrandizing narrative to delude us into thinking a strong stock market somehow reflects real strength in the U.S. economy. What it reflects, in fact, is a shift of capital from productive assets into paper assets that seem riskless only because tree-grown money from the Fed makes no demands on savers. Meanwhile, for tens of millions of Americans, most particularly those who have left the work force, the Great Recession never ended. If you donít subscribe, click here for two weeks' free access to Rick's Picks, including daily, actionable 'touts', round-the-clock updates, impromptu tech analysis sessions online, and a chat room that draws experienced traders from around the world at all hours of the day and night.


| Digg This Article
 -- Published: Thursday, 16 February 2017 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.