You know things aren’t great when Yellen gets trotted out on the weekend.
Discussion
I just posted this as I read that report!!!
Great mind think alike.
“The wise are instructed by reason, average minds by experience, the stupid by necessity and the brute by instinct” -Cicero
Every time I think about the US Federal Reserve Banks next action, this quote from #Cicero comes to mind. #BTC #quotestr #bitcoinstr
It does appear as though we are all on the precipice of something big.
Then again, have thought that for a few years now. We shall see how the remainder of September plays out.
“Never bet against the FED” - common market quote
“An irrational market will stay irrational longer than you can stay solvent” - common market quote
Micheal Bury may be the only man to have stayed solvent long enough to capitalize.
LTCM had a Nobel prize winning economist working for them, they were also on the correct side of the bet. But they went bankrupt nonetheless.
The powers that be will not let go easily