Apologies for the lack of posts today, reality intruded.
...Speech word cloud:
Looking at that word cloud I am reminded of a favorite line:
Full speech below:I would like to thank the organizers for inviting me to participate once again in the International Monetary Conference. I will begin with a brief update on the outlook for the U.S. economy, then discuss recent developments in global commodity markets that are significantly affecting both the U.S. and world economies, and conclude with some thoughts on the prospects for monetary policy.
The U.S. Economic Outlook
The Outlook for Growth
U.S. economic growth so far this year looks to have been somewhat slower than expected....MORE
"He lied like a finance minister on the eve of a devaluation"
Last used in our 2010 post "German Finance Minister Has Some Advice For Anyone Trying To Profit Off The Euro Collapsing".