RE: Janet Yellen Blames A Federal Reserve Induced Faltering Economy on... Wait For It... Drugs!
I actually Love Yellen and have the utmost respect for the Fed getting us out of recession over the last 8 years. The U.S. economy is now in the best shape in all of it's history. I do not think Yellen deserves all of the credit, because the U.S. taxpayers, the politicians, and the Fed all worked together to help us hit new all time highs in equities and in housing. Plus, the BOJ and ECU also did tremendous and magical money movement and stimuli to help the entire globe get to where it is today! Congrats. I believe this author should study a bit more and understand what all time highs in stocks and homes does for a country. He should also realize that this booming economy isn't only present in the U.S. It is also present in Australia, Japan, Europe (somewhat,) Canada, Mexico (since 2017,) Kuwait, and many other countries that are on the path to supreme success financially. If the author or anybody else wants to argue that this booming economy puts a damper on savers and their spending power, I totally agree. But saying that the economy is not doing well is not the same as saying Yellen is devaluing the currency. Good luck in your investing ventures.