140: The "New Normal" in Interest Rates

http://NewClassRising.com/140 - I feel like I find myself saying this quite a bit these days, BUT, I am back in the office and am (not live) recording from my new studio in Houston Texas. The month of June was a crazy and stressful to say the least. My wife and I decided that we were going to sell out house, so we put the house on the market, which if you've ever done this you know requires quite a bit of work to make it look "sellable". I also found myself having to look for a new place to rent, since I was not going to buy a home int he city, especially at these prices, I had to schedule movers, make minor repairs and give the house some curb appeal. Lastly, I also find myself having to start work on a completely new project at work that required a much higher and deeper level of commitment. To say the last month was busy and stressful is an understatement.  But, nonetheless, here I am - back in the studio and recording from my new rented condo.  In today's episode, I want to talk about Federal Reserve ChairWOMAN, Janet Yellen.  Yeah, I'm sure she's a cool ol'granny to some kinds somewhere, but to financially responsible American's everywhere, she's a financial terrorist, out to steal the purchasing power of those who exchange their time for money.  And this is a big f'ing deal, because most people out there who work a job, especially the hourly workers, are exchanging the one asset they can never get back - TIME. Time away from family, time away from friends, time away from their children, time away from experiences, time away from being able to enjoy leisure, which I would argues the greatest thing we all value - otherwise why the hell do so many people dream and fantasize about their retirement? Well, the sweet ol'Janet has done it again.  In a statement to the Committee on Financial Services Hearing, where Mrs. Yellen discussed the State of the Economy as well as Monetary policy, she said something that I think most American's should be really cognizant of - not worried or concerned, but cognizant.  If she really does follow through on her words, it has major implications for the US economy and may very well be the catalyst that makes this financial bubble got POP! Enjoy.   PS: Oh yeah. Sorry about the echo-e audio.