Quote For The Week

“This is an economy on a solid course. Not a bubble economy. We try carefully to look at evidence of a potential financial instability that might be brewing, and some of the hallmarks of that are clearly-overvalued asset prices, high leverage, rising leverage, and rapid credit growth. We certainly don’t see those imbalances. And so, although interest rates are low and that is something that can encourage reach for yield behavior, I certainly wouldn’t describe this as a bubble economy…”

-Federal Reserve Chair Janet Yellen, speaking at New York City’s International House on April 7, 2015

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Survival And Prosperity
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