Jannet Yellen’s testimony before Congress offers an opportunity for sending traders running for cover, as central bankers and government interests work to manage the mess they have created in hyper-managed financial markets and a Western banking system bloated by decades of mainlining liquidity heroin in a boom-bust financial markets driven leverage cycle. To think that the creation of the Fed was partially justified on the notion that it would engender stability in financial markets and the banking system!
TND colleague Dave Kranzler spotlights yesterday’s operation to manage precious metals upside and today, we are witnessing yet another example. Click here for Yellen’s Congressional testimony. – Eric Dubin