Wrapping Up Jackson Hole: What Did We Learn?

Mish

Global Economic Analysis

Published : August 29th, 2016

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	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. Proof looks like this at #JacksonHole. No empirical evidence needed linking policy to substantive economic outcomes pic.twitter.com/7uLOgc7RA9 — John P. Hussman (@hussmanjp) August 28, 2016 Investigating the Crisis Pre-crisis look at gap Fed has created between financial valuations and economic activity. Pre-crisis look at gap Fed has created btwn financial valuations and economic activity. Note collapses #JacksonHole pic.twitter.com/yh7VQKT2Ap — John P. Hussman (@hussmanjp) August 28, 2016 Can It Be a Bubble If Everyone Thinks So? Best chart of the week https://t.co/C5tFMrQo3B — Peter Atwater (@Peter_Atwater) August 28, 2016 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 Related Articles Yellen Discusses “Tools”: She’s 70% Confident That Rates will Be between 0 and 4.5% in 2018 Rate Hike Odds Soar Following Yellen’s Speech: Before and After Snapshots vs. Yesterday Fed’s Bullard Warns Yellen on Credibility, Sticks with Forecast “1 Hike in Next 2.5 Years” Confidence in the Fed Sinking Fast from Greenspan to Bernanke to Yellen: How Much Confidence Do You Have? Mike “Mish” Shedlock

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Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com

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