International

Fed’s Yellen loses her marbles: expects no new financial crisis in ‘our lifetimes’ 

U.S. Federal Reserve Chair Janet Yellen said on Tuesday that she does not believe that there will be another financial crisis for at least as long as she lives, thanks largely to reforms of the banking system since the 2007-09 crash.

“Would I say there will never, ever be another financial crisis?” Yellen said at a question-and-answer event in London.

“You know 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 be,” she said.

We know our elites are out of touch. That much is a given. But a statement like this betrays their total contempt for ordinary working people. We may not be experts on the finance industry, but we sure know enough to know the only certainty in life is uncertainty. How can she possibly propose such as absurdity? Bookmark this page, because when the student debt bubble bursts you’ll remember we told you so.

Source: Fed’s Yellen expects no new financial crisis in ‘our lifetimes’ | Reuters

Related Articles

Leave a Reply

Your email address will not be published.

Close
%d bloggers like this: