Demons In The Hills

Investors or, perhaps more appropriately, "traders", were so focused on figuring out how to interpret Yellen and Draghi's silence on policy in their remarks delivered at Jackson Hole on Friday, that the things they actually did say were summarily ignored. Or if they weren't ignored, they were written off as generic, token nods to the theme of the symposium. Obviously there's something ironic about Janet Yellen pontificating on financial stability (it's possible to point to the Fed as, if not t