Well, having somewhat of an aircraft background earlier in my adult life, I was quite familiar with supersonic aircraft. So, the idea was that if Bernanke was willing to drop money from helicopters, and helicopters are much slower paced than a supersonic aircraft. So the idea was that if you think Bernanke was willing to drop a lot of funny money around, just wait. Yellen is ready to do that at a much higher rate.
That may be counterintuitive to this idea that keeps getting put forth about tapering. But, nonetheless we’re going to write quite a bit about Janet Yellen, her background, and what her belief system is in the January issue of The Morgan Report. We’ll go more in depth on that topic.
- Source, Sprott Money: