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MarkGB 

"Who controls the food supply controls the people; who controls the energy can control whole continents; who controls money can control the world" - Henry Kissinger

and yet...

"Sooner or later everyone sits down to a banquet of consequences" – Robert Louis Stevenson

Once upon a time there was a lady who served porridge, her name was Janet

In response to an FT article by Sam Fleming on 6th June 2016, entitled ‘Yellen voices concern on weak jobs data’

http://www.ft.com/cms/s/0/a62fe776-2c03-11e6-a18d-a96ab29e3c95.html#ixzz4ApbloAdm

“Janet Yellen has signalled that the US Federal Reserve will hold off raising rates this month, as she described Friday’s weak jobs report as disappointing and highlighted uncertainties ahead including Britain’s referendum on its EU membership...

"Yellen has certainly put paid to a rate rise in June but there’s more going on here than that,” said Luke Bartholomew, investment manager at Aberdeen Asset Management Investment…"Her message really is that the US is making consistent progress towards full employment, that inflation should pick up and there’s more positives than negatives. This should give those hoping for a July rate rise some modicum of solace"

News just in:

This afternoon Silverlocks appeared in the doorway of her cottage to announce that her porridge is not as hot as she said it would be last week, but added that it continued to get warmer by degrees...which observers interpreted as: 'it's still cold'. Meanwhile, some cynical observers suggested that our heroine ran out of oats last December and is hoping to bluff her way through to the launch of a new fairy tale in November, hopefully starring her old friend Queen Grimhilde.

Any pensioners expecting porridge before they die are advised to see if there's any being served deeper in the forest in a dangerous spot known as 'down the risk curve'. Many doubt the wisdom of this advice, which they believe to be a euphemism for 'sod off'.

Finally, in further signs of a populist backlash, and in what many regard as a deliberate attempt to end this fairy tale once and for all, an increasing number of people are calling for the return of the three bears.

The Big Bad Wolf was unavailable for comment as yet, but readers hoping for ‘some modicum of solace’, are advised that his next column is due out tomorrow afternoon. 

Martin Wolf tells the truth about the state of Greece

Reading the phoney tea leaves