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I am so impressed with Yellen. She is stepping down an addict’s medication from a level that would nearly kill a horse. By this time next year the economy will be nearly standing on it’s own.
For all their faults and detractors the Fed did everything in it’s power to prevent a depression or a generation long recession suffered by Japan or what looks like a double dip recession in continental Europe.
The labor market will not improve until honest education and media information distribution are restored. Their is an army of moron followers out there, and they are not productive members of society. You don’t have to worry that they will threaten the balance of power and demand fairness, but they won’t threaten to get any work done either. Add that most successful minions know that we do not have a merit based society and the few people who still can work are totally deincentivised from accomplishment. It doesn’t take being smart or ambitious, it takes being able to stuff your own thoughts down inside and agreeing to whatever corrupt and moronic thing our political and business leaders decide is the best scam for them.