Stocks Extend Losses After Yellen Says “Rates Will Have To Rise”

Zero Hedge: Treasury Secretary Janet Yellen is speaking at The Atlantic’s “Future Economy Summit” this morning – a speech she pre-recorded yesterday – and has sparked some chaos with her comments. “The rich ruleth over the poor, and the borrower is servant to the lender.” Proverbs 22:7 KJV The highlight was this… “It may be that interest rates will have to rise a little bit to make sure our economy doesn’t overheat” And this didn’t help…