Peoplenomics: Has the Long Wave Been Defeated?

With the departure Friday of Fed Chair Ben Bernanke and the elevation of Janet Yellen to the position of Fed chair, have we seen the demise of the long wave cycle in economics?  Or, has there simply be so much “creation” of “paper money” that we can no long see the true scale of what’s going on?  These are some mighty juicy morsels to ponder as we survey this week’s action in markets.  Which we’ll get around to after a few headlines and coffee, as always…

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