Yellen Testimony Overshadowed By Brexit, Soros Warns Of “Black Friday”
Janet Yellen trekked up Capitol Hill on Tuesday for her semi-annual Humphrey-Hawkins testimony. Frankly, it kind of feels like a snoozer. Here are some of the bullet points: WE DO HAVE LEGAL BASIS TO PURSUE NEGATIVE RATES NOT CONSIDERING NEGATIVE RATES BREXIT-RELATED FINANCIAL VOLATILITY COULD AFFECT U.S. I DON’T THINK RISKS TO FINANCIAL STABILITY ARE…
Soros “Makes Bunch Of Big Bearish Bets;” Buys Gold, Miners
It really shouldn’t come as any surprise to market watchers that billionaire, philanthropist, Democratic donor, and breaker of the British pound George Soros has turned bearish on a few things. After all, Soros’ views on the prospects for China have been well known for months. Earlier this year, Soros indicated in an interview with Bloomberg…