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August 28, 2016 | Wrapping Up Jackson Hole: What Did We Learn?

Mike 'Mish' Shedlock

Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

Jackson hole did little more than make Fed Chair Janet Yellen look like a blithering fool.

Her chart of confidence levels on interest rates was just one of many silly things.

Here’s a roundup of tweets and posts that shows what I mean.

Proof Economists’ Style

Proof looks like this at #JacksonHole. No empirical evidence needed.

mish1

 

Investigating the Crisis

Pre-crisis look at gap Fed has created between financial valuations and economic activity.

 

mish2

Can It Be a Bubble If Everyone Thinks So?

mish 3

Jackson Hole Postmortem

ZeroHedge provides a summary of quotes in his Jackson Hole postmortem: “It May Take A Massive Program, Large Enough To Shock Taxpayers”

And once again here’s a chart from Yellen’s own presentation.

Fed Confidence Levels

Jackson1

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Mike “Mish” Shedlock

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August 28th, 2016

Posted In: Mish Talk

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