Yellen Timestamp: "No Bubble"

Tyler Durden's picture

For the benefit of the revisionist media (if there is any media left) once the final asset bubble has popped in a few years time, and which like now will try - incorrectly - to make Yellen appear Oracular in her prophetic "bubble warnings", we would just like to "timestamp" what she just said:

  • YELLEN SAYS FED DOESN'T SEE BUILDUP OF FINANCIAL RISKS
  • YELLEN SEES LIMITED EVIDENCE OF ‘REACH FOR YIELD’
  • YELLEN SAYS FED LOOKS OUT FOR ANY POTENTIAL ASSET PRICE BUBBLES
  • YELLEN DOESN'T SEE `MISALIGNMENTS' IN ASSET PRICES

So there you have it: No risks, no bubbles, and on the record. Thank you Mr. Chairwoman. And now, you may continue BTFATH.

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VD's picture

bubble pops in "a few years time"? few years? really?

tsx500's picture

" the subprime crisis is contained ..."

Pladizow's picture

Mr. Yellen cant see his own vagina, let alone bubbles!

CH1's picture

Okay, I evidently missed something.

BTFATH = ??

TheFourthStooge-ing's picture

Thank you Mr. Chairwoman. And now, you may continue BTFBBATH.

Buy the fuckin' bubble bath.

Divided States of America's picture

We dont need the Fed to plan to announce tapering to tank the stock markets...Listening to this J-Bitch babble and stutter in this testimony should already give everyone the Green light to SELL everything! If this clueless bitch is running the show...then all i can say is its gonna be the biggest gong show in the history of the financial markets.

BandGap's picture

Enter Gene, Gene, Gene, the dancing Machine, Stage Left.......

HoofHearted's picture

< Aunt Janet is the best we have as far as economists in the US....

< Someone is wanting this fucker to go up in flames.

fonzannoon's picture

Divided there will be no selling. The market knows damn well that selling is the equivolent of blowing it's brains out, permanently.

asteroids's picture

Notice how the market is being controlled while Old Yeller is speaking. Stay the hell away.

CH1's picture

You could have been less snarky and just told me. Took me three tries to find the definition, rather than uses.

For others who missed it:

Buy The Fucking All Time High.

Pladizow's picture

Sorry, I appologize for your laziness!

CH1's picture

I don't apologize for your attempt to belittle others.

Nobody For President's picture

Break

The

Fucking

Arrogant

TBTF

Hedgefunds

GMadScientist's picture

Bail those fairies at the Hedgefunds?

Headbanger's picture

It's classic "Ignorance is Strength"

Unreal!

DaddyO's picture

...it just keeps coming at us so fast and furious!

This binge and no purge mentality is quite troublesome, eh?

I wish there really was a reset button, just hit and get on with the crash already!

DaddyO

fonzannoon's picture

All the ingredients are there. Every one can see that she is full of shit, and frail. The market just has to test her. 

It won't

rbg81's picture

Jesus Christ.  If Mr. Magoo were an actual person, they'd make him the fucking Fed Chairman.  Jesus Christ.

ziggy59's picture

They did ...2 FED chairs ago...

CvlDobd's picture

To be fair most of us at ZH would have said this shit show didn't have a chance at making it past 2011 in 2008 and well, here we are at 2013.

 

Blinders set to straight ahead!

Groundhog Day's picture

If the bubble goes on for a few years, i'll be in a mental assylum

Crash Overide's picture

One could write the "I told ya so" article today as we can all see where this is going...

HardAssets's picture

Yep . . . its a bit amusing how many 'know' how long it'll last.

I have no idea if it'll last for years or months or till next week

Black Swans are kinda like that

alien-IQ's picture

It is taking every ounce of self control I can muster to keep from attacking my TV with a baseball bat.

I look at this woman sit there and lie through her fucking teeth, and I feel lethal.

CH1's picture

Turn off the TV.

It's not worth your time. Really.

alien-IQ's picture

I just did. I couldn't take it any more. Was starting to feel physically ill.

SemperFord's picture

Just put an episode of Archer on, if that can't make you smile...throw your TV away ;)

GMadScientist's picture

This is why I watch Fed hearings from the bar.

ziggy59's picture

This is good for HD flat screen sales!

alien-IQ's picture

Those two things are not mutually exclusive.

island's picture
  • YELLEN SAYS FED DOESN'T SEE BUILDUP OF FINANCIAL RISKS
  • YELLEN SEES LIMITED EVIDENCE OF ‘REACH FOR YIELD’
  • YELLEN SAYS FED LOOKS OUT FOR ANY POTENTIAL ASSET PRICE BUBBLES
  • YELLEN DOESN'T SEE `MISALIGNMENTS' IN ASSET PRICES

Translation:  We have not finished pillaging the middle-class.

cowdiddly's picture

Cant see misalignments in asset prices? You have got to be kidding me. Ray Charles can see the distortions in every asset class. Geeze at least Larry Summers whould probably be dozing off by now where he could not screw anything else up.

Seasmoke's picture

Well she will now be able to say again, she didn't see it coming.

Charles Nelson Reilly's picture

digging her own grave... somehow the propaganda Keynesian artists will still say she called the bubble.

Bearwagon's picture

Alright, move on, nothing to see here ... Please, disperse ...
http://www.youtube.com/watch?v=rSjK2Oqrgic

carbonmutant's picture

Yellen has a blind spot....

1stepcloser's picture

and the first chair person to have a G spot....

Relentless's picture

Yellen.. G-Spot ... I feel ill

1stepcloser's picture

Healthcare.gov...u can thank me later

HardAssets's picture

Me:  "Think pink elephants, pink elephants . . . do not let that horrible image cross your mind again."

falak pema's picture

as already posted here the FED mantra is :  there is no bubble in Fed printing as long as price stability is there. 

We can print unlimited amount of reserve and our  Fed debt is our asset if denominated in $ at zero interest. Its our mission statement.

Unlimited debt PROVIDED price stability and we don't go Weimar.

That's my job. To inundate the world in cheap, SOLID greenbacks

Simple Simon of Fed  hopes never to meet the pie-man who says I want my money in gold. 

GMadScientist's picture

Tri-nitro-toluene starts out very stable too.