Another Economic Bubble? Central Bankers Admit they Cant Fix Economy!

[Economy 52,883]

http://www.cbc.ca/m/news/#!/content/1.2707821/

Central Bankers including US Fed Chairwoman Janet Yellen have admited that at this point the Central Banks around the world have done all they can do to help stimulate the economy

Interest rates are already near 0% world-wide, and many Central Banks printed money to buy up assets to keep bond markets and stock markets so they cant go beyond that.

Janet Yellen spoke about how the dysfunction in Congress and Senators is something beyong the Central Banks Control, but that Central Banks cant do anything about that

When asked, Janet Yellen admited interest rates at 0% for so long are starting to show its effects in creating another bubble as stock prices are very rich relative to valuations, and the bond market, especially junk bond market is over-heated

Unfortunately raising interest rates to cool off rapid capitalization in markets would also result in slower job growth. The Central Bank must wait for the economy to be ready to start raising rates and is counting on the actual Government to do something to help speed it up!

[Tears 756]

so scary when even the exprets are helpless

[Economy 52,883]

so scary when even the exprets are helpless

Central Bankers tend to be less corrupt and play less political games because they arent elected like much of the Government is. They have an administration and they hire new people as needed to do a specific task in the Central Bank

They are almost like a branch of Government but not really. Its too bad they dont have more power over the economy :(