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Contra view of FOMC press release and conference


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I watched the press conference for the first time yesterday, normally I don't because I don't care about it but as we approach the end game hearing what the Ivory Tower gurus actually have to say for themselves becomes more fascinating.  I must say I was not at all impressed with Yellen's media ability, Draghi is much slicker and seems to have a more immediate grasp of the Q&A side while Yellen floundered around quite a bit.  I don't know if this is her normal style or she is deeply unnerved.  If anyone has watched her before can you let me know?

 

Anyway here is a article which translates the Fed chair's ramblings into the real world.  It is clearly a rant but quite enjoyable for all that and probably quite on the money.

 

http://davidstockmanscontracorner.com/just-plain-pathetic/

 

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