Courtesy of Mish.
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
