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Yellen Timestamp: "No Bubble"
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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bubble pops in "a few years time"? few years? really?
" the subprime crisis is contained ..."
Mr. Yellen cant see his own vagina, let alone bubbles!
Okay, I evidently missed something.
BTFATH = ??
Thank you Mr. Chairwoman. And now, you may continue BTFBBATH.
Buy the fuckin' bubble bath.
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.
Enter Gene, Gene, Gene, the dancing Machine, Stage Left.......
< Aunt Janet is the best we have as far as economists in the US....
< Someone is wanting this fucker to go up in flames.
NO BUBBLE...
Divided there will be no selling. The market knows damn well that selling is the equivolent of blowing it's brains out, permanently.
Notice how the market is being controlled while Old Yeller is speaking. Stay the hell away.
Google
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.
Sorry, I appologize for your laziness!
I don't apologize for your attempt to belittle others.
Break
The
Fucking
Arrogant
TBTF
Hedgefunds
Bail those fairies at the Hedgefunds?
It's classic "Ignorance is Strength"
Unreal!
...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
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
Jesus Christ. If Mr. Magoo were an actual person, they'd make him the fucking Fed Chairman. Jesus Christ.
They did ...2 FED chairs ago...
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!
If the bubble goes on for a few years, i'll be in a mental assylum
One could write the "I told ya so" article today as we can all see where this is going...
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
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.
Turn off the TV.
It's not worth your time. Really.
I just did. I couldn't take it any more. Was starting to feel physically ill.
Just put an episode of Archer on, if that can't make you smile...throw your TV away ;)
This is why I watch Fed hearings from the bar.
This is good for HD flat screen sales!
Sales?
Who actually buys big screen tvs?
http://www.zerohedge.com/news/2013-11-13/watch-socialist-paradise-central-planning-action-venezuela-looting-edition
Lying
Stupid
A - both.
How do I choose both?
Those two things are not mutually exclusive.
Translation: We have not finished pillaging the middle-class.
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.
Well she will now be able to say again, she didn't see it coming.
digging her own grave... somehow the propaganda Keynesian artists will still say she called the bubble.
Alright, move on, nothing to see here ... Please, disperse ...
http://www.youtube.com/watch?v=rSjK2Oqrgic
Yellen has a blind spot....
and the first chair person to have a G spot....
That is a myth.
Yellen.. G-Spot ... I feel ill
Healthcare.gov...u can thank me later
Me: "Think pink elephants, pink elephants . . . do not let that horrible image cross your mind again."
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.
Tri-nitro-toluene starts out very stable too.
Correction to Fed Mission Statement:
'We're not happy until you're not happy."
Yer welcome.
Lying cunt.
Film @ 11.
Film @ 11.
I used it in a conversation with a 20something year old and the blank stare was priceless. I could see the mind trying to figure out what I was filming and why at 11.
When will one of these motherfuckers actually ask a question? HELLO dipshits!!!
WHAT METRIC WOULD YOU USE TO DETERMINE THAT QE IS FAILING?
That's like asking the Taliban what it would take to prove the Quran wrong.
http://www.youtube.com/watch?v=9ebpElOP0Tg
"Everything is goin' up..."
A statement like this from an incoming Fed chair is _obligatory_. At least we know it's not a new era.
since everything the fed says is a lie this can only mean one thing.
omg she's going to raise the fed funds rate!
If this doesnt tell you where this country is heading under this woman, nothing else will! This is disgraceful!
Women don't understand credit card limits.
"Stock prices have reached what looks like a permanently high plateau." - Irving Fisher, Sept 3, 1929.
YELLEN SAYS......whatever they tell her to say
No bubble yet? Time to triple my holdings in TWTR and GRPN!!! Thanks Mr. Yellen!
Congress is about to nominate a blind leader...
Meanwhile we're positive today, ah-fucking-gain.
17% (?) of the US economy is FUBAR'd because of 0bamacare, Cisco & Wal-Mart miss revenue side, confirmation Europe is still fucked......and we're fucking green?
ARE YOU FUCKING SHITTING ME?
Yes, but hold tight because I'm about to taper.
Mad, THAT is truly LOL funny, oh shit, I'm still laughing.
Thanks. Only 2 greenies - I think a bunch of folks missed it...
The QE must flow!
It truly is amazing that she has to sit here and be subjected to this so far into the recovery.
Ungrateful peons. The gall!
i rest my fucking case....
hearing what i just heard confirms that this bitch is either crazy or yet another lying ass sociopath fucking cocksucker mother fucking MoneyChanger to the core......
the latter is most likely...
THIS COUNTRY IS DONE....SLAVE ON...
GOT REAL MONEY????????????
What, she can't be both?
There are two species of modern Fed chair - the bald type and the Mr. Magoo type. Now you know.
And the Greenspan (strong genetic influence on both counts).
This very testimony will become the central evidence which the "End the Fed" campaign becomes mainstream post collapse.
It will happen during the "Fed loves us all twitter Q&A"
JPM did a great job of that yesterday
#hubris
My lord if that was not the definition of hubris....
This "testimony" is such a farce I am beyond words to describe it. Hubris, arrogance, stupidity...
I am ashamed to be a financial professional and have anything to do with the current financial system at this point.
Don't worry when the system has the big cleanse and we finally get the 10% correction you and I will be needed to make sure people are properly rebalanced back into stocks.
/s
clearly
/sarc
The third kick to the head always results in equity owners swearing off equities as an investment forever. The final revulsion is going to be horrific. I always thought we would serve our time in equity hell 2008-2018. Now its all still in front of us.
Fonz - That would be 10% correction just before they repudiate the announced $10B taper..... and we are all "saved" by the Fed again.....
"Yes, Senator, our goal continues to be to drain the economy and enrich ourselves. There will be no real change."
Yes, no bubble. Please read august edition of Time magazine which lists 5 areas of recovery, of course 5 areas of bubble:
1. Housing is coming back.
2. Financial is lending again.
3. Energy sector is booming.
4. Consumer spendings is again a monster.
5. Tech sector is strong.
Going full Yellen.
A bubble by definition only exists after it pops.
No worries.
Carry on.
A bureaucratic apparatchik.
A drone.
A yenta.
Why is it that the yentas in charge all seem to be insane?
SHE DOESN'T KNOW IT BUT SHE IS GOING TO BE GOLDS BEST FRIEND.
Bitcoin is already agreeing
Gold, is holding back a few bits as WS Asshats position themselves to profit
"Senator, you don't want to appear to bully your grandmother do you?'
Fuckin' grifters.
They trot out some old gash as the face of the new Fed.
A PR move to make it seem like the Fed is a run by a kind, wise old grandma. And not the den of thieves that it really is.
(for the financial elite - i.e. "the house")
(by rational investors looking at fundamentals)
(so The Fed can take advantage)
(we, the bankers, are getting richer!)
There is plenty more to pillage from the middle-class, and pillage we shall!!
RUN....We re from the FED, we re here to help you....
If you take a few deep breaths and observe the spectacular scenery as the train hurtles inexorably towards the collapsed mountain tunnel, those last few moments before impact can actually be mesmorizing.
She has the potential to become our golden girl!
Translation: If you think this is a BUBBLE then you ain't seen nothing yet!!!!!!!!
I didn't notice any indications of potential asset price bubbles either.
Regarding the Fed:
1. They have never seen a bubble as it builds...ever.
2. They have never even recognized a bubble as it is imploding, usually still denying there was a bubble and denying it is imploding the entire way
3. Many of them even question whether bubbles can exist.
4. When it becomes so obvious there was a bubble and it popped, they do everything possible to build another one.
"Excuse me for asking, Janet, but is gold money?"
No toil, no trouble, apparently.
Does anyone know where I can get the actual quotes? If she actually said 1/4th of it, she's a dumbass pile of rocks.
Larry Yellen knows all and sees all. I may as well also say it since no one else has yet...
FUCK YOU, LARRY "JANET" YELLEN!!!
This is What Happens When You F*** a Stranger In The A$$, Larry!!!https://www.youtube.com/watch?v=PztgWdMEJdg
Do you see what happens Larry???!!!
Ah, Janet, you're going to fit in just fine...
MR. WYDEN. Let me begin my questioning on whether or not nicotine is addictive. Let me ask you first, and I'd like to just go down the row, whether each of you believes that nicotine is not addictive. I heard virtually all of you touch on it. Yes or no, do you believe nicotine is not addictive?
MR. CAMPBELL (President of Philip Morris U.S.A.).
I believe nicotine is not addictive, yes.
MR. WYDEN. Mr Johnston?
MR. JAMES JOHNSTON (Chairman and CEO of RJ Reynolds Tobacco Company). Mr. Congressman, cigarettes and nicotine clearly do not meet the classic definition of addiction. There is no intoxication.
MR. WYDEN. We´ll take that as a "no." Again, time is short. I think that each of you believe that nicotine is not addictive. We would just like to have this for the record.
MR. TADDEO (President of U.S. Tobacco).
I don´t believe that nicotine or our products are addictive.
MR. TISCH (Chairman and CEO of Lorillard Tobacco Company).
I believe that nicotine is not addictive.
MR. HORRIGAN (Chairman and CEO of Liggett Group).
I believe that nicotine is not addictive.
MR. SANDEFUR (Chairman and CEO of Brown and Williamson Tobacco Company).
I believe that nicotine is not addictive.
MR. DONALD JOHNSTON (President and CEO of American Tobacco Company).
And I, too, believe that nicotine is not addictive.
Mr Yellow has spoken peons. BOW OR FUCKING ELSE ! That is all. BTFATH and like it, or you may end up on a terris watch list.
Thank goodness Swamp-Thing sees that there is no bubble! We simply appear to have reached a permanently-high plateau...
Fuck it. I am going full retard.
Leveaged high Beta domestic stocks with a large slice of third world low PE small and micro cap
That will be the winning strategy going forward. Mark my words, bitchez
Don't forget options with 10:1 margin!
Let's all speak in low, hesitant, compassionate voices...............while our economy collapses around us.
There's no way I'm wasting my time listening to that bloated gargoyle spew flaming napalm shit balls all over CONgress!
I'll read the Cliff Notes® later...
"So, Dr. Yellen, you do then agree to perpetuate the rediculous lie that the Fed is attempting to increase employment and hold down inflation?" wink....wink
All these central Banksters are great:
Childish
An Indian term, as a friend informed me
Yellen the Chorwoman
like
Bernanke the Chorman
http://dict.hinkhoj.com/words/meaning-of-%E0%A4%9A%E0%A5%8B%E0%A4%B0-in-...
.....to borrow from the SEALS' re-breather description: "No Bubbles....No Troubles"
"Fed's Yellen Believes Fed's Agenda Will Make Meaningful Impact on 'Too Big To Fail'"
I nearly threw up over my screen when I read that. She doesn't know the meaning of the word! It would take a giant asteroid hitting the banks to make even the tiniest impact on them
"Yes, Senator, I will return a number of times and repeat this same nonsense in my grandma voice while I drag this country into ruin. You have all been a wonderful group of gullible, polite sheep."
Love it...textbook case of the "Have my cake, have your cake and eat it all too!!" crowd...putting a grandma's face on Lucifer is so entertaining
Can they not shave this ugly bastards arse and make it walk backwards?
I have never seen nothing more repulsive masquerading around as a man dressed as a woman. These fuckers, think us fuckers are easily fooled? Fuck off and talk sense.
His mother should be ashamed of bringing this 'Thing' into the world. God damn ugly fruitcake.
Hitchez, Bitchez..... :-)
Lizzy Warren..........were talking wampum now!
Check those high cheek bones!
........and I thought that that clam was the oldest creature on earth.
so her real name is sgt shultz in drag.
"We have to abandon the free market in order to pretend that we are saving it..........suckers."
Or Biden 'we have to spend money to save from going bankrupt'
I guess she reads McKinsey: http://www.zerohedge.com/news/2013-11-14/mckinsey-finds-qe-did-not-boost...
In a few years time we will have "Peter Schiff was right AGAIN", as ZH will be right too, but for now Mr. Schiff is the one appearing (rarely) on the TV, and ZH does not have this fortune.
meet the new boss. same as the old boss.
Surely the GOP, fearless defenders of small-government fiscal responsibility, will put up a valiant effort to block her nomination.
Right?