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The Yellen Destiny

The government shutdown and the debt ceiling are off the minds of traders, at least for another few months. Now the markets can turn to more fundamental factors such as earnings, jobs and Gross Domestic Product (GDP). Well, at least that’s what many would like to think is moving the markets.

What many people think, including me, is that the markets are being driven largely by the “Yellen destiny,” meaning that the smart money is betting that Fed Chair nominee and current Vice Chair of the Federal Reserve, Janet Yellen, will be even more aggressive than her predecessor when it comes to stepping in to try to spur economic growth.

In some economic circles, the theory is that Yellen may actually increase the Fed’s current bond-buying scheme, also known as quantitative easing, or QE, rather than “taper” QE as Mr. Bernanke alluded to in May.

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archive

The Yellen Destiny

The government shutdown and the debt ceiling are off the minds of traders, at least for another few months. Now the markets can turn to more fundamental factors such as earnings, jobs and Gross Domestic Product (GDP). Well, at least thatâ??s what many would like to think is moving the markets.

The government shutdown and the debt ceiling are off the minds of traders, at least for another few months. Now the markets can turn to more fundamental factors such as earnings, jobs and Gross Domestic Product (GDP). Well, at least thatâ??s what many would like to think is moving the markets.

What many people think, including me, is that the markets are being driven largely by the â??Yellen destiny,â?ť meaning that the smart money is betting that Fed Chair nominee and current Vice Chair of the Federal Reserve, Janet Yellen, will be even more aggressive than her predecessor when it comes to stepping in to try to spur economic growth.

In some economic circles, the theory is that Yellen may actually increase the Fedâ??s current bond-buying scheme, also known as quantitative easing, or QE, rather than â??taperâ?ť QE as Mr. Bernanke alluded to in May.

To read the rest of this article, please click here now.

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Sign up to the Human Events newsletter

Written By

Doug Fabian is the editor of Successful Investing and High Monthly Income, and is the host of the syndicated radio show, "Doug Fabian's Wealth Strategies." Taking over the reigns from his dad, Dick Fabian, back in 1992, Doug has continued to uphold the reputation of the newsletter as the #1 risk-adjusted market timer as ranked by Hulbertâ??s Investment Digest. For more than 30 years, Successful Investing (formerly the Telephone Switch Newsletter) has produced double-digit annual gains. Doug has become known for his expert knowledge and timely use of innovative tools like Exchange Traded Funds, bear funds and Enhanced Index funds to profit in any market climate.

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