Head of FED Yellen leaves a bloody mess to her successor Powell. In her final speech she gives away quite a bit on how
dire the situation on the Markets currently is.
Here´s what she had to say :
Well, I don't want to say too high. But I do want to say high," she said. "Price/earnings ratios are near the high end of their historical ranges."
In addition to elevated equity prices, Yellen also said commercial real estate is "quite high" compared with rents.
"Now, is that a bubble or is too high? And there it's very hard to tell. But it is a source of some concern that asset valuations are so high," she said.
I am not a financial expert, let me try to phrase in laymans terms nevertheless what Yellen is trying to convey : SELL YOUR STOCKS,BONDS, ESTATE IT´S ALL COMING DOWN CRASHING! SCORCHED EARTH! GET OUT WHILE YOU CAN! BUY BITCOIN OR PERISH!
