The Stench Inside The Fed–Doug French

‘The Trump rally has stocks at all-time highs. The VIX (which reflects the volatility of the S&P 500) is at 10-year lows. The headline unemployment rate is 4.8%. Everything must be A-OK in the US of A.”

“Head Keynesian Janet Yellen, the Fed’s Chair, may be sleeping soundly, as she and her Ph.D. monetary mandarins continue to gin up a robust wealth effect.  At 70 years old, described by Danielle DiMartino Booth as “Bernanke in lipstick and a skirt,” Yellen is far from retired, pulling down $201,700 per year to push the buttons and pull the chains of monetary policy.”

The typical retiree, however, not so ably employed as Ms. Yellen and not wanting to play in Wall Street’s big casino to provide sustenance in their golden years, is suffering under the Federal Reserve’s financial repression.”


Danielle DiMartino Booth: Inside the Fed