Velocityshares Daily 2X Vix Medium Term (TVIZ)

[gldtimer]

Yellen Just Scared the Pi** Out of Bond Market.

Yellen called to today for the US to run a "high pressure" economy. Now in all my years of teaching econ I've never heard it put that way.

What she is saying is the US need dramatically more growth, and dramatically higher inflation.

Now if I was long the long bond I would have probably had a stroke hearing her words. Being a straight long T holder I would want dramatically lower growth (think GP) and dramatically higher deflation (think GP again).

What she is doing is causing the bears to rush to shorten with the ultimate short term bond being the USD.

Fun day to be short the LB...so far.