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Author: telegraph Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 734382  
Subject: Obama kills stocks again Date: 10/12/2010 8:40 AM
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http://news.yahoo.com/s/ap/20101012/ap_on_bi_ge/world_market...


"In remarks to economists in Denver, Yellen warned that excessively easy monetary policy, involving ultra-low interest rates and an expansion in the Fed's balance sheet, could create big problems down the line.

"It is conceivable that accommodative monetary policy could provide tinder for a buildup of leverage and excessive risk-taking," Yellen said.

Neil MacKinnon, global macro strategist at VTB Capital, said Yellen's speech injects "a note of caution" into the debate about a further monetary stimulus, though he said Bernanke's speech on Friday "is more important in this regard."

Investors will also be scrutinizing the minutes to the Fed's last rate-setting meeting later, though that took place before last week's weak U.S. jobs report reinforced market expectations for more quantitative easing.

Markets are also awaiting earnings this week from top U.S. firms including Intel Corp., JP Morgan Chase & Co. and General Electric Co. that could provide more evidence the U.S. economic recovery is fading."
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The failed policies of the dems and Obama is dragging the US through years of Depression era like conditions.

t
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