Semnalul lui Vasile Roaita, pardon, Vasile Yellen, pardon, inca odata, Janet Yellen

"Federal Reserve Chairwoman Janet Yellen indicated Monday that the era of extremely stimulative monetary policy was coming to an end. In a public discussion at the University of Michigan, Ms. Yellen said the Fed was moving away from its efforts to revive a recession-scarred economy and focusing instead on maintaining the gains of the past few years. 

That will change the central bank’s policy-making stance, she said, noting that Fed officials plan to continue gradually raising interest rates unless the economy begins to deteriorate.

Where before we had our foot pressed down on the gas pedal trying to give the economy all the oomph we possibly could, now [we’re] allowing the economy to kind of coast and remain on an even keel,” she said. “To give it some gas, but not so much that we’re pressing down hard on the accelerator. Ms. Yellen said the Fed is “doing pretty well” in meeting its congressionally mandated goals of low and stable inflation and a full-strength labor market."

Declaratia de mai sus a facut-o asadar Vasile Yellen Janet. 

Astept cu nerabdare declaratia pietei, aflata deocamdata in corectia pe care o prevedeam in postarea precedenta,  o gasesti aici.

"Declaratia" datoriilor globale, ca procent al PIB-ului global, prezentat in graficul de mai sus, vorbeste totusi o alta limba decat cea pe care a vorbit-o Janet. Va intra oare aceasta discutie publica al lui Yellen in istorie, ca fiind un semnal de alarma, si nu un semnal de reusita, asa cum incearca sa dea de inteles sefa FED? Sa nu uitam totusi un lucru, foarte important, legat de pedala de acceleratie mentionata in discutia publica: Datoriile ajung la maturitate, la un moment dat, si trebuie platite, indiferent de presiunea pe care o exerciti pe pedala de acceleratie. Si atunci, s-ar putea sa incurci  pedalele. Cea de viteza cu cea de frana.