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President Obama Unveils The Bernanke Mark II - Live Webcast
As the old Mark I Bernanke rusts and loses power, President Obama has been working on the new improved Mark II version of the Fed Chair. It's older, more female, less facial hair (from what we can see), but critically more dovish in all the places the US investing public demands... Behold, Yellenomics...
It wasn't a bad run for the Mark 1 Bernanke...
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3 in a row actually, (remember Greenspan!).
And I prefer to say, Zionists. That's the problem: Zionism.
Being Jewish - which is a faith - has nothing to do with it.
"Ms. Doubtfire"
Hilsenrath is that you?
Breaking on Drudge – from The Daily Caller:
White House, IRS exchanged confidential taxpayer info
Top Internal Revenue Service Obamacare official Sarah Hall Ingram discussed confidential taxpayer information with senior Obama White House officials, according to 2012 emails obtained by the House Oversight and Government Reform Committee and provided to The Daily Caller.
Lois Lerner, then head of the IRS Tax Exempt Organizations division, also received an email alongside White House officials that contained confidential information.
Ingram appeared before Rep. Darrell Issa’s House Oversight Committee Wednesday and claimed she could not recall a document that contained confidential taxpayer information. ….
Read more: http://dailycaller.com/2013/10/09/white-house-irs-exchanged-confidential-taxpayer-info/#ixzz2hFraDMz5
Gosh, that is exactly what Milhous was going to be Impeached over!
Mrs. Debtfire will provide fireproofing for the Bearded One
What the hell am I going to do when I can't "wankee my bernanke" anymore. Mrs. Debtfire, that's pretty good. Good gawd when I see Greenspan's name that cocksucker makes me see red
All they did was make the rear view mirror a little bigger. But, the headlights are still way too dim, the GPS is still broken, and both turn signals still flash at the same time.
Flashback - Jim Puplava: Janet Yellen to the Chair And Michael Woodford Is The New FED's Play Book.
Jim Puplava is talking about "FED's Big Flip Flop" in his big picture this week. He is calling for Janet Yellen to be the next Chairperson of the FED. Her dovish monetary policy will be highly beneficial for our Gold Bull. Jim sees the transition from unemployment target to the GDP based target for the FED's monetary policy. Quite surprising in its honesty were two remarks from Bernanke: about unexpected tightening effect on the markets after FED's announcement about the tapering of QE - when interest rates have almost doubled from the spring low. And Ben's admission that unemployment rate does not provide the clear employment picture and is affected the employment participation rate. Michael Woodford has become the new FED's play book after his monetary theories were widely adopted by the central banks around the world after Jackson Hole in August 2012. You can find his Bloomberg profile here. Now we have more clues to understand why Eric Sprott is selling Art in order to buy more shares of Gold and Silver mining companies. http://sufiy.blogspot.co.uk/2013/10/flashback-jim-puplava-janet-yellen-to.html#
Passerby ; "thats an interesting yoga pose "
Me ; " Nah' I'm just smellin my Yellin"
I guess the War on Savers and the War on the Dollar continues. Assholes.
Dammit! I need a new avatar. reTARD 2.0 coming soon.
Yellen says fed must keep inflation in check?! , shutup.. thats never going to happen unless the federal govenment changes its ways.
Her voice is half male half female. Go back to your kichen stupid academician.
When shtf she will be more acceptable than cynical bernanke everyone wants to punch. People probably wont want to hang her to a tree cause she s a woman. It's all PR , marketing, these clowns dont do anything anyways, the game is rigged they re just puppets. Still it's a clear signal this time there wont be any last minute solution and that the thieves and crownies in the finance cant hold the shit any longer, the wall is closer than ever. Pretty sure they all secured their assets by now. Absolutely every single official number, piece of data has been artificially faked for a decade but the bubble is about to burst for everyone to see.
Fuck you Bernanke.
Wait, can't say that anymore.
Fuck you Yellen.
Ahhhh, that's better.
According to BMO Capital Markets:
Yellen Gets The Nod….Business As Usual
Bottom Line: It should be business as usual under new Chair Janet Yellen in 2014, with the Fed focused on returning the economy to full health. When the time comes to mop up the stimulus, however, we would expect her to be as equally determined to restrain inflation as Bernanke would have been.
The President’s nomination of Vice Chair Janet Yellen as head of the Fed was widely anticipated, and there was only a muted market response. She is widely expected to pass the Senate’s confirmation hearings, allowing her to step into Bernanke’s shoes on February 1. The news removes one source of uncertainty for investors buffeted by the fiscal impasse. Though sporting dovish credentials, Yellen is considered a pragmatic policy maker with an above average record in forecasting the economy. This should come in handy during these particularly uncertain times. Brian Belski, our Chief Investment Strategist, believes the Yellen appointment will be viewed as a seamless transition, one that should provide stability to equity markets.
While Yellen hasn’t spoken publicly about policy in months, it is widely believed she is still a strong supporter of the Fed’s QE program and forward guidance. The unprecedented stimulus is aimed at keeping long-term rates down until the economy strengthens and is closer to full employment, provided that inflation doesn’t rise much above the 2% target. Like Bernanke, her near-term focus is to reduce unemployment. However, this doesn’t preclude slowing asset purchases as the economy strengthens. Assuming the fiscal impasse ends in the next couple of weeks, we still lean towards a December tapering. (Bernanke will chair one more meeting after that on January 28/29.) Still, the Fed is unlikely to stop purchasing assets until next summer and probably won’t begin raising the funds rate until the second half of 2015.
We don’t believe Yellen’s dovish reputation is entirely deserved. She led the push to establish an inflation target in 2011. Her support for aggressive stimulus in recent years was likely warranted by the economy’s lackluster performance since emerging from the Great Recession, and by the equally subdued behavior of inflation. In other words, being “dovish” in the past four years has been the same as being “right”. When the economy eventually normalizes, she will likely refocus her attention on defending both sides of the Fed’s mandate of full employment and low inflation. As a supporter of open communication and transparency, Yellen will need to “lean toward the center” as a leader, to ensure that a solid majority of the other 18 policy makers support her views. This will be especially important when the time is ripe to unwind the unprecedented stimulus, as underscored by the rout in Treasuries ahead of the September meeting amid growing expectations of a mere slowing in stimulus.
Should the fiscal impasse continue and lead to prolonged economic disruptions, the new Chair may consider different tactics to offset the shock. This might include lowering the unemployment rate threshold that would trigger a potential rate hike (currently at 6.5%), or establishing an inflation threshold that would preclude tightening so long as inflation remained below it. Although expanding the size of asset purchases (from the current $85 billion monthly rate) could also be considered, this option seems to be losing favor, even among several Governors on the Federal Open Market Committee who are worried about longer-term risks to inflation and financial stability.
As one of the few policymakers to ring the alarm bells before the 2008 financial crisis, Yellen will likely take the Fed’s expanded regulatory role to heart. The last thing she wants is a credit crisis/asset bubble under her watch.
I hear your hoped for expectations for Yellan in a more restrained Hedge Fund operation run by Bernanke and a more "Reserved" approach (forgive the Pun). My thought is she is far more autonomous than some would guess. By the way Your Picture of a stern President looks somewhat familiar with other pictures in the past. it reminds me of something.
Anybody got a link to that chart that was up on this site a week or two ago that had the amount of Money Printed to the amount of Jobs Created??
I think it was 2.3456789 Billion $ per job.
Okay, now we're screwed.
no disrespectin an alls butt is this ugly yellen bitch a jewish fella or john kerry autentick irish?
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Elected Captain of the Titanic in mid-voyage. What a job opportunity.
From The Yellenator:
Reese turns to Sarah: "...The 600 series Economy Destoryers had rubber skin, a vacant look, and too much facial hair. We spotted them easy, but this one is new. It's was made to look more human... it's got sweat, bad breath, tits, an evil glare, everything. We can't afford to wait until it moves on what's left of the economy before we zero it..."