Follow this woman

Earlier in the week I had tea with a friend who is semi-retired to explore "what to do with the rest of our lives". Though both of us are doing some volunteer work we feel a lack of structure in our lives. Yes I am still feeling a bit listless, and yes despite the fact I have so often remarked there is so much to do, to read, to learn, to enjoy bla bla bla.

Now the news about Ms Yellen taking over the job as Fed Chairman will probably stir us further. Hey, Ms Yellen is 67! Not only will she be the first woman to hold that post, she will undoubtedly be the most 'followed' person in the world. I recalled when I was at my corporate job, I not only had to read news about Greenspan's statements but also to read commentaries which analyzed his statements. These analysts would read between the lines, behind the lines, the words omitted, his facial expressions, intonations etc etc to try and arrive at the real intentions behind Fed's policies. Now this Yellen is known to be a communicator who believes that the public should be clearly aware of the future-policy of the Fed in order for them to be effective. Like most woman she is apparently very thorough, carefully researched and prepared. Apparently she is known to be less rigid or hung up about short term targets as long as the policies alleviate unemployment, and as long as the long term targets are aligned. Wow! It will be interesting to watch how analysts report her statements. Probably no more shrouded mysteries that need to be pieced and unraveled. Yay for woman vastness and largesse!!!  And hey she cooks and hikes as well (oh God she puts me to shame). But of course she also has support from her husband who is an econ nobel laurette and son who teaches econs in Warwick (hey must also ask my son to gate crash his class. May get some tips which affect market directions). Apparently her dinner guests must talk economics! Well if at 67 her mind is so avid and working so brilliantly, we, years her junior, can't hide behind the excuse of a fraying aging mind to be laid back.

I think you would have guessed. Our discussion over tea led us no where beyond "let me know if you have any good idea" But then you see, Yellen has a passion for economics. So first of all we have to discover our real passion, if any. Not only will Yellen be most followed by the market but I am sure by many many women in the world.