Hubris

Janet Yellen today:

“Will I say there will never, ever be another financial crisis? No, probably that would be going too far. But I do think we’re much safer and I hope that it will not be in our lifetimes and I don’t believe it will.”

Seriously? If nothing else, the coming pension tsunami virtually guarantees it. It is truly scary that this powerful person seems to live in an alternate universe.

GLWT.

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Comments

  • Keith  On June 28, 2017 at 12:36 pm

    Reminds me of Bernanke’s statement in March of 2007: “At this juncture, however, the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained.”

    It is to laugh!

    • reality  On June 28, 2017 at 12:53 pm

      At least Bernanke’s statement was more cautious. Yellen appears to be completely unconscious of the real world.

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