No we are not talking about Janet Yellen’s sex life but rather her willingness to go big with quantitative easing debt as Fed chair which got us “out” of the big recession. You can now expect Janet to go big debt wise to get us out of the pandemic as Treasury Secretary. All well and good that folks can pay their mortgages today but in the process we are mortgaging our grandkids future in the process.
The fact is that the overwhelming bipartisan vote to change the Glass Steagall Act directly lead to the housing bubble and once again no real surprise that Biden had voted for this change. This is just like a sports team that is doing poorly but you can’t fire the owner (Congress) or fire the team (Voters) so you fire the coach (Bankers) instead. When the Great Depression hits as a result of the stock market collapsing again look for Congress (Media) to blame the bankers and capitalism!
And that is all I’m going to say about that!