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"Has this woman, or anyone else who is cheering the wonderful recovery in"
so Tyler are you saying that we are in fact in a recovery?
no, I do not believe he is.....
defenition of recovery:
I beat the hell out of somebody with a baseball bat for 20 minutes.
broken scull, every bone in his body is sticking out of his skin... it looks nasty.
And after those 20 minutes, I pauze for 5 minutes.
THAT PAUZE IS ALSO CALLED A "RECOVERY" ASS THE GUY HIS BLOOD GETS TIME TO DRY UP!
Fed's Yellen says are you Gellin?
Say whatever you want Ponzi master and imperial keeper of the public myth. We understand that you're just a puppet for the real masters of the universe.
CD, I actually have Scholls gels in the shoes I am wearing as I type. They're fantastic! Seriously.
Then I guess we can believe everything Yellen tells us since she's correct about the Gellin.
isn't the answer gellin like a fellon?
Thanks for the update on Yellen. I made one small improvement.
Fed's Yellen says are you Gellin while a Felon?
another rocket scientist...
A rocket surgeon.
the message coming from the bankers is pretty unanimous - austerity. They honestly seem to feel like they've done us a favor with all this QE covering the interest owed on the money they've conjured out of their asses to "lend" to us.
Let me translate Yellen's spiel: "GET BACK ON YOUR FUCKIN WHEELS, GOY HAMSTERS"
You nailed it. Yellen is placing her CYA marker in the record and getting us ready for the "A" word that will appear more and more after the holidays. Alan Simpson and Erskin Bowles are our new best friends -- really.
Erskin's idea of austerity is phoneing in the order for RFI's Virginia Peanut Soup himself. It is indeed excellent soup, especially with a glass of Dry Sack.
The deficit fears are being deliberately fanned because there is no exit from QE2 except by reducing federal spending. Austerity is the exit plan for QE2.
According to Modern Monetary Theory, deficit reduction through reduce spending and higher taxes is a monetary operation to reduce liquidity.
12-01 09:12: Fed's Yellen says long term securities buys "actually quite similar" to the Fed's traditional monetary policy approach
LIES LIES LIES!!!!
Yes, traditionally the Fed has immediately re-purchased with newly created cash, direct from the Primary Dealers, bonds that were just issued two weeks ago.
Good Lord in Heaven, they really believe that we are all the dumbest Mfs on the face of the planet.
LIES LIES LIES!!!
Most people have no clear idea what a bond is. I'd guess half of the population don't even know the "Federal Reserve" prints the paper money, has a "balance sheet", or buys "bonds", nevermind "Treasuries"....whatever those are.
Our current difficulties arise from an excess in democracy at the expense of the original representative, constitutional republic idea. One or the other of the founders famously pointed out the contraption ought to work well until people figure out they can vote themselves goodies out of the national treasury(at which time pandering politicians can make their career helping them). That's where we are today.
And just like that the US Deficit Commission releases a preliminary report with $4 trillion in deficit reduction by 2020. Good luck with that one.
"If you stay on the train tracks you could possibly be hit by that incoming train"
"If you poke the bear with a stick, she might get annoyed"
"If you keep setting fire to your curtains, you might get an awful smell of burnt hair"
Wow, she must work for a bank!
'Inflation remains too low'. Funny stuff.
Someone at the Fed knows 3rd grade math.
How about the Fed itself is a cancer that is killing America and should be purged and replaced with national bank that will issue interest free debt free money. Something we once called in America, "The American System?"
Ben is going to do a Rudolf Havenstein policy to get unemployement at 1% like in the summer of 1922.
Inflation was high enough to get unemployment down.
Fed's Yellen says the Ben Bernank is not sustainable.
The Amerikn peeples looked up frum de tellyvishun fer a minute, so sumone had to say sumtin.
This stuff sounds to most of the population like the parent characters on the old Peanuts cartoons...sorta whiney nasal sing-songy vocalisations with no meaning.
Wake up sheeple.!!!!! Good Lord this is frustrating.
Yesterday, on the news there was a 5 minutes overview of the financial troubles in Belgium.
Today, when I was talking to my collegues, almost everybody had seen the news.
BUT none of them remembered ANYTHING about those 5 minutes!!
It was like they all went to the kitchen to get Chips and Cola during those 5 minutes!
Some of them even disputed that this was on the news!
NOW THAT IS FRUSTRATING!
S&P bouncing around 1200, Dow nearly 11,200, must be a recovery.
As I've posted elsewhere, the Feds announcement at 12 must be a doozy if the markets already like it before it's been announced.
Lulz... An entire family of lifelong economic academics, and yes a position at the Fed is an extension of a career in academia.
Tell me again why people who did not have the moxie to duke it out in the "real" economy are qualified to opine on it, let alone have some control over it?
Yellen is married to George Akerlof, a Nobel prize-winning economist and professor emeritus at the University of California, Berkeley. Her son, Robert Akerlof is currently a postdoctoral associate in Applied Economics at MIT's Sloan school of business.
Yellen, who highlights the trouble with rhetorical tribbles, should ponder this: how many QE Klingons finally constitutes a swarm?
You and yor academic frinds may think that buying longer term treasuries is "actaully quite similar" to the traditional approach but let me assure you the market does not. Tell me Ms academic genius, when the time comes to tighten policy, will the FED sell those longer dated treasuries into the market at a time when the treasury has large funding needs? I may suggest the decision to sell assets from the portfolio is a more complicated/difficult process than just raising the FF rate. You run the risk of losing complete control of the long end of the curve. Tail risk is much greater. Fools.
Not that it is needed or even 100% correct but I had to vent a little and made one of those Xtranormal things.
My first time and unscripted so take what you will from it.
The way these statements are being framed now amazes me. No wonder why J6P doesn't know what to do with himself other than buy more iBroke. "If we continue down this path" deficits "will be on" an unsustainable path. What is all this "if" shit? The tracks were laid with the system we have in place, shit the system is the track, the fraudulent and corrupt are conducting the train which is the Fiat.... there is no "if" and there is no moving the goal posts. We are just deciding the how which will decide the when, f the "if" bullshit Yellen.
Poor Janet Yellen.
So 2000 & Late.
Sounds like Old Yellen is frothing at the mouth. That would explain the lunacy.
Old Yellen - this is great!
People like Yellen say, "Will be on an unsustainable path..." to give the impression there is still time.
Too late. The Fed has already set sail on a one way journey without enough lifeboats.
Well someone better teach Ron Paul not to ramble on too long, and keep his questions tight, and short.
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