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The bottom line is simple. There is no such thing as potential GDP, yet in Yellen’s model that is the only thing. 

By: capt_nemo in POPE IV | Recommend this post (1)
Fri, 18 Dec 15 11:30 PM | 73 view(s)
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Long ol read!!!!!!!!!!!!!

http://www.zerohedge.com/news/2015-12-18/david-stockman-warns-dread-fed-sell-bonds-sell-stocks-sell-house




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.


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