Janet Yellen Says A New Financial Crisis Probably Won’t Happen ‘In Our Lifetimes
Great News Federal Reserve Chair Janet Yellen is convinced that the United States will not experience another financial crisis in our life time. Its funny because I remember another Fed Chairman in 2007 saying the subprime mortgage had NOT spread into the broader mortgage market, and that the global economy was strong and was likely to expand at a moderate pace in 2007 with strengthening growth in 2008. Well within weeks the biggest housing crash in US history accompanied with the biggest stock market crash of all time. I say read between the lines of Chair Yellen. We could very well be within weeks of an economic event that everyone has been predicting. IF you compare today to 2008 the US federal debt has doubled to 20 Trillion, world debt is over 217 Trillion, the stock market is over 21000, and the long bond bull market is showing that it's at an end, and banks are leveraged to the hilt. Perhaps I am being paranoid but it was Mark Twain that once quoted that history does not repeat but it often rhymes. Is histroy about to "rhyme" as it did almost a decade ago? Is this the elite giving the signal that its about to happen or is just rhetoric coming from the FED, only time will tell.
"Probably," is her out.
Remember the main rule of when to panic in a financial crisis:
It's never official until the OFFICIAL DENIALS come out! WOW!!!
Yes, uncertain times ahead.