Permabear shill Jeffrey Christian of the CPM Group (who no surprise is bearish on gold short term) was interviewed by Kitco’s Daniella Cambone over the weekend, and dropped the quote of the week regarding incoming Fed Chairwoman Janet Yellen.
Christian discussed his excitement of President Obama’s choice, stating that Janet Yellen is a tremendous economist!
Perhaps Mr. Christian is blissfully ignorant of Yellen’s infamous 2010 quote regarding the 2007-08 housing/credit collapse:
“For my own part, I did not see and did not appreciate what the risks were with securitization, the credit ratings agencies, the shadow banking system, the S.I.V.’s — I didn’t see any of that coming until it happened. ”
Christian’s must see interview is below: