Janet Yellen

Watch Live: Janet Yellen Tells America "Growing Up Poor Makes It Harder To Succeed As An Adult"

This morning Yellen has decided to continue her trolling of the US population, and following her September 2014 speech in which she explained to the poor, that it is important to get rich, in today's speech Yellen tells her audience that “considerable evidence shows that growing up poor makes it harder to succeed as an adult." Maybe it's time to give every baby a million dollars then?

Key Events In The Coming Week

The key economic releases this week are the new home sales report on Thursday and the durable goods report on Friday. In addition, there are several scheduled speaking engagements by Fed officials this week, including a speech by Chair Yellen on Thursday.

Global Stocks, US Futures Slide Spooked By G20 Protectionist Shift; Dollar Drops For 4th Day

Global markets start the week mixed with Asian stocks rising (Japan was closed for holiday), European stocks sliding, weighed down by declines in oil-and-gas shares and banks, and S&P500 futures also down. The dollar fell to a six-week low, falling four days in a row for the first time since early November as G20 leaders scrap a long-standing commitment to reject all forms of trade protectionism.

Warning Signs

Like gasoline, all of these warnings are inert and, other than smelling really bad, are harmless... Well, that is until your cousin “Randy” shows up and decides to have a quick smoke.

David Stockman Offers "More Proof Of Janet Yellen's Idiocy"

"Anyone buying stocks based on confidence that the Fed has their back notwithstanding Wednesday’s action surely deserves the pounding just ahead. What Yellen had to say doesn’t even reach the status of babbling; it was flaming incoherence..."

It's Time To Get Painfully Honest: Banks Are Evil

"I've increasingly come to see the financial industry - with the big banks at its core - as the root cause of injustice in today's society." Whether it's social equity, the security of your job or retirement, your day-to-day existence, or the fairness of the laws we live under - our fate is currently in the hands of the banks.

These US States Entered A Recession In 2016

Kansas, New Mexico, Oklahoma and Wyoming experienced recessions last year, while others saw milder contractions, including Maine, Montana, North Dakota, Louisiana and West Virginia.

Has The Deep State Begun Its Revenge On Trump?

"..the Deep State’s next move is to pin the coming stock market collapse on Trump. He’s the perfect fall guy... Right now, the Federal Reserve is the Deep State’s weapon of choice."

Albert Edwards: This Is The Reason Why The Market Doesn't Believe The Fed Any More

"One reason why the market doesn't believe the Fed dots is that investors cannot conceive of Fed tightening to the point that it causes the stockmarket any serious damage. Time and time again over both this and previous cycles the Fed has backed off rate hikes as soon as the going got tough. Maybe that is why the S&P trades at such a huge PE premium to the rest of the world."