{"id":21125,"date":"2016-06-20T19:19:09","date_gmt":"2016-06-21T00:19:09","guid":{"rendered":"http:\/\/olduvai.ca\/?p=21125"},"modified":"2016-06-20T19:19:33","modified_gmt":"2016-06-21T00:19:33","slug":"janet-yellens-200-trillion-debt-problem","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=21125","title":{"rendered":"Janet Yellen\u2019s $200-Trillion Debt Problem"},"content":{"rendered":"
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Janet Yellen\u2019s $200-Trillion Debt Problem\u00a0<\/a><\/h3>\n<\/div>\n
Blame \u201cBrexit\u201d<\/strong><\/div>\n
\n

BALTIMORE \u2013 The U.S. stock market broke its losing streak on Thursday [and even more so on Monday, ed.<\/em>]. After five straight losing sessions, the Dow eked out a 92-point gain. The financial media didn\u2019t know what to say about it. So, we ended up with the typical inanities, myths, and claptrap.<\/p>\n

\"1-Brexit<\/a>\u201cInvestors\u201d are pushing the DJIA back up again..apparently\u00a0any\u00a0<\/em>excuse will do at the moment. The idea may backfire though, as\u00a0exactly the same thing<\/em>\u00a0happened shortly before Sweden\u2019s euro referendum (a prominent pro-euro politician was killed by a \u201clone nut\u201d a few days ahead of the vote), and Sweden still had the krona last we looked\u2026 \u2013 click to enlarge.<\/p>\n

\u201cBrexit panic may be your big chance to buy the S&P 500,\u201d says a headline at\u00a0Marketwatch. The article claims investors have pushed down the value of the S&P 500 in fear of a so-called \u201cBrexit.\u201d<\/p>\n

Next Thursday, in a national referendum, British voters will decide whether to end Britain\u2019s 43-year membership in the European Union. But there are a number of problems with this\u2026<\/p>\n

First, there has been no big rout in the S&P 500; it\u2019s only slightly below its all-time high. Second, Brexit is a mystery to most U.S. investors, not a cause for alarm. Third, nobody knows which side will win \u2013 or what it will mean.<\/p>\n

Would a Brexit be good for Britain? Would it be bad for stocks? Nobody knows! Meanwhile, the\u00a0Financial Times<\/em>\u00a0focuses on \u201cslowing job growth and risk of Brexit\u2026\u201d<\/p>\n

It notes that a possible Brexit next week is one reason Fed chief Janet Yellen cited for holding off on raising U.S. interest rates at this week\u2019s monetary policy meeting. The newspaper also notes that the Fed has left \u201cthe door open\u201d to rate increases.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n

<\/h3>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Janet Yellen\u2019s $200-Trillion Debt Problem\u00a0 Blame \u201cBrexit\u201d BALTIMORE \u2013 The U.S. stock market broke its losing streak on Thursday [and even more so on Monday, ed.]. After five straight losing sessions, the Dow eked out a 92-point gain. The financial media didn\u2019t know what to say about it. So, we ended up with the typical […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[6275,6190,5582,216,303,451,3650,2442],"class_list":["post-21125","post","type-post","status-publish","format-standard","hentry","category-economics","tag-actingman","tag-bill-bonner","tag-brexit","tag-dow","tag-fed","tag-janet-yellen","tag-us-federal-reserve","tag-us-stock-market"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/21125","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21125"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/21125\/revisions"}],"predecessor-version":[{"id":21127,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/21125\/revisions\/21127"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}