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GSY - The Perils Of Pursuing Monetary Policy That Explicitly Makes The Economy 'Reliant On Bubbles'
Invesco Ultra Short Duration
The following is an excerpt from a recent weekly market comment featured in The Felder Report PREMIUM.
"Somehow we need to go to an economy that is using its resources, operating at full employment, but doing so in a way that isn't reliant on bubbles." -Janet Yellen
This quote, uttered before she became Fed chair, is worth studying for at least a couple of reasons. First, because it demonstrates just how easy it is to see the problem from a distance and also how difficult it becomes to address once you become deeply involved with