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The Hill/John Bowden/3-8-2021
“Treasury Secretary Janet Yellen said Monday that she doesn’t believe fears of rising inflation or unemployment resulting from the Democrats’ $1.9 trillion COVID-19 relief package are warranted.… I really don’t think that is going to happen.”
USAGOLD note: Famous last words …… Is this the same Janet Yellen who told us not that long ago we would not have another financial crisis in our lifetime? It just happens that a long and lengthening line of economists and market analysts disagree with her. In fact, if press reports are to be believed, rising inflation expectations are the primary reason for the cratering bond market.
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