Wednesday, June 22, 2016

Yellen To Congress: This Is Slowing The Economy

See Full Report
*Yellen's serious issue that is slowing the economy is called productivity.
*We highlighted this yesterday as a reason to expect "prolonged" inflation and market downside.
*We don't see how this gets resolved this decade.
Elazar news bulletin: "This just in, the Fed has recently discovered that people are getting older."
In our article "Inflation Formula Shows 'Prolonged' Dollar And S&P 500 Selling," we pointed out that Yellen is starting to use the famous nasty 12-letter "P" word in a negative way. She is saying that "productivity" is a reason for the weak economic pickup.
Productivity A Serious Issue
In her June 21st meeting with Congress, Yellen was asked if the US is in a crisis with regard to the aging population and productivity. She answered, "It's a serious issue that productivity growth is slow, and I want to highlight that."
She said that the late 1990s was a time of good productivity, and now is a time of weak productivity.
Yellen pointed to many reasons for a productivity decline,See Full Report

Chaim Siegel has been working with hedge funds and mutual funds as an analyst and PM his entire career. Chaim specializes in earnings and predicts, analyzes and reacts to earnings and earnings events as well as developing current company stories with a hedge fund perspective. If you want his analysis real time sign up to the right for real time email alerts. #in, $spy, $qqq, $iwm, $vxx, $ycs, $fxe, $EUO, $YCS, ^GSPC, INDEXSP:.INX, #elazaradvisorsllc, CME Globex: ES Disclosure: These trades can lose you money and principle especially when using leverage BY USING THIS SITE YOU AGREE TO TAKE ALL RESPONSIBILITY FOR YOUR OUTCOMES AND LOSSES AND HOLD BESTIDEAS, ITS CONTRIBUTORS AND ELAZAR ADVISORS, LLC HARMLESS

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