Yellen Testimony Delayed; Markets Rise Despite Lack of Noise

Was anybody not connected to the Wall Street/Washington Ponzi scheme really impressed with Janet Yellen?

The woman sounds like she's been speech-and-brain-impaired since childhood. Sure, she may be among the "best and brightest" but her answers to the softball questions proffered by the House Financial Services Committee didn't raise the bar of professional standards one centimeter, nor did they offer anything other than the usual, plodding "we-will-continue-to-print-until-we-don't" message the Fed's been spouting for the past three to four years.

Sorry, but it's boring, and Janet Yellen may be the "Chair" of the Fed, but she surely doesn't have the backs of regular American citizens. She works for banks, period.

So, paraphrasing our illustrious president, "if you like your Fed Chair, you can keep your Fed Chair."

A snowstorm pushed Yellen's scheduled Thursday testimony before the Senate Banking Committee back to next week. The markets, not wanting to wait until then, rallied anyway, on poor retail sales and unemployment data.

What a scheme. The markets are so distorted, it makes writing about them a difficult, annoying chore, almost not worth doing. This may be the final week of Money Daily.

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