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"The Sixteen Trillion Dollar Woman" - Janet Yellen Does Time

Tyler Durden's picture





 

It looks like Time just hinted at who its man, er woman, of 2014 will be with its just released cover showcasing Janet Yellen "The Sixteen Trillion Dollar Woman" which wraps her first interview since being confirmed as Fed chair.

Highlights from the interview:

  • Yellen on the American economy: "I think we’ll see stronger growth this year. Most of my colleagues on the Fed’s policy-making committee and I are hopeful that the first digit [of GDP growth] could be 3 rather than 2…. The recovery has been frustratingly slow, but we’re making progress in getting people back to work, and I anticipate that inflation will move back toward our longer-run goal of 2 percent." On the housing market, which had a brief lull this fall: "I expect it to pick back up and I do expect a further recovery."
  • On the Fed's QE program: "You know, a lot of people say this [asset buying] is just helping rich people. But it’s not true. Our policy is aimed at holding down long-term interest rates, which supports the recovery by encouraging spending. And part of the [economic stimulus] comes through higher house and stock prices, which causes people with homes and stocks to spend more, which causes jobs to be created throughout the economy and income to go up throughout the economy."
  • On banking reform: "I felt that the Fed had always been the agency that picked up the pieces when there was a financial crisis, and it was invented to do exactly that. But we never had as active a program to attempt to assess threats to financial stability as was called for…. I think Dodd-Frank is a good road map and lays out most of the steps that are necessary. But we may also need to take some further steps that have not been taken yet."
  • On her overall philosophy: "[The job] isn’t just about fighting inflation or monitoring the financial system. It’s about trying to help ordinary households get back on their feet and about creating a labor market where people can feel secure and work and get ahead."
  • On her career epiphany at Brown University: "I was interested in math, and I think very logically, and I remember sitting in that class and learning about how there were policy decisions that could have been taken during the Great Depression to alleviate all that human suffering – that was a real ‘ah-ha’ moment for me. I realized that public policy can, and should, address these problems."
  • TIME's Rana Foroohar writes: "At the end of the day, Janet Yellen, the commander in chief of the everyday economy, will judge herself not by the views of Wall Street but by the health of Main Street…. A rising tide can lift all boats. That’s a phrase that’s been associated with conservatives in recent years, but it’s worth remembering that Kennedy said it first—and Yellen still believes it."

Read the full interview here.

 


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Thu, 01/09/2014 - 09:12 | Link to Comment Sudden Debt
Sudden Debt's picture

it's like she has reptilian eyes and vampire skin...

for the rest... I wonder if she speaks Chinese...

Thu, 01/09/2014 - 09:14 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

IF IT BLEEDS, WE CAN KILL IT.

Thu, 01/09/2014 - 09:15 | Link to Comment MillionDollarBonus_
MillionDollarBonus_'s picture

If you haven't checked it out yet, I strongly urge you to read yesterday's refreshingly positive article on what Janet Yellen's apointment as the first ever Fed Chairwoman means for the global economy:

http://accredited-times.com/2014/01/08/the-age-of-yellen-a-new-landmark-for-womens-rights/

Thu, 01/09/2014 - 09:19 | Link to Comment dick cheneys ghost
dick cheneys ghost's picture

lets hope it leads to Final Liquidation

Thu, 01/09/2014 - 09:34 | Link to Comment negative rates
negative rates's picture

She's useless until she gets her face on the cover of the Rolling Stone.

Thu, 01/09/2014 - 09:38 | Link to Comment 101 years and c...
101 years and counting's picture

is $16 Trillion forecasting the Fed's balance sheet when she leaves in 4 years?  im still hoping that fat cow dies before becoming printer in chief.

Thu, 01/09/2014 - 09:55 | Link to Comment Stackers
Stackers's picture

I thought Burl Ives was dead ?

Thu, 01/09/2014 - 09:57 | Link to Comment eclectic syncretist
eclectic syncretist's picture

I thought Jimmy Witherspoon already told us all we need to know about her.

http://www.youtube.com/watch?v=wmdyyFpbv8U

Thu, 01/09/2014 - 10:07 | Link to Comment fonestar
fonestar's picture

Soon to read... "The hyperbolic infinite woman".

Thu, 01/09/2014 - 10:27 | Link to Comment kaiserhoff
kaiserhoff's picture

The Tylers think Time will be around for another year.

I don't.  Great purges coming among retailers and media dinosaurs.

Thu, 01/09/2014 - 10:31 | Link to Comment overmedicatedun...
overmedicatedundersexed's picture

kaiser, well no, see the media is part of NSA/HSA?cia...time will last as long as the dark money comes in along with the story lines to print. they learned alot from hitler and stalin, only they do it better...just a hint, who makes all the war is grand movies??

Thu, 01/09/2014 - 10:39 | Link to Comment ElvisDog
ElvisDog's picture

Time used to be a thick magazine with useful information. Now, it's like 20 pages long with regurgitated MSM crap that I can get from any of the corporate-owned and controlled news outlets. Time is the JC Penney of magazines. I wonder why it's still around.

Thu, 01/09/2014 - 09:59 | Link to Comment Muppetrage
Muppetrage's picture

I think she's kind of handsome

Thu, 01/09/2014 - 10:06 | Link to Comment Azannoth
Azannoth's picture

I think even Barney Frank would hit him .. her ... errrr this thing

Thu, 01/09/2014 - 10:18 | Link to Comment kralizec
kralizec's picture

And...

...there goes breakfast.

Thu, 01/09/2014 - 10:25 | Link to Comment HardlyZero
HardlyZero's picture

Johnny Winter...is she albino ?

Thu, 01/09/2014 - 10:37 | Link to Comment BLOTTO
BLOTTO's picture

Janet Yellen is a member on the Council on Foreign Relations...Ben wasn't.

The grip just tightened itself again...

 

Thu, 01/09/2014 - 11:19 | Link to Comment Chupacabra-322
Chupacabra-322's picture

The fact that she's a Senior & a woman won't cut her any type of remorse when the day of reckoning occurs.

Thu, 01/09/2014 - 12:57 | Link to Comment HardlyZero
HardlyZero's picture

So must be pretty tight with IMF Legarde...also a silverfox cougar.

Thu, 01/09/2014 - 10:45 | Link to Comment Agent P
Agent P's picture

Wait, that's a woman? 

Thu, 01/09/2014 - 12:40 | Link to Comment NotApplicable
NotApplicable's picture

You'll never convince me that she's not Larry Summers in drag.

Thu, 01/09/2014 - 09:19 | Link to Comment jbvtme
jbvtme's picture

so you can get your hair styled at a dollar store?

Thu, 01/09/2014 - 10:47 | Link to Comment Agent P
Agent P's picture

Just walk into any Supercuts and ask for the Dutchboy paint special. 

Thu, 01/09/2014 - 09:21 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

The creature from Jekyll Island.....

Thu, 01/09/2014 - 09:36 | Link to Comment negative rates
negative rates's picture

We see your negative button still is working pretty good. Yee aint a gvt man er ya?

Thu, 01/09/2014 - 10:56 | Link to Comment Blano
Blano's picture

Your mere appearance makes me giggle.

Thu, 01/09/2014 - 16:40 | Link to Comment ZerOhead
ZerOhead's picture

Bravo! You are in fine form today MDB!... ;)

Excerpt below...

"For almost a century our economy has been denied the sensible and prudent input of women, and sadly our economy is still dominated by misogynistic CEOs, engineers and managers despite the fact that women excel in academia with the exception of the archaic patriarchal hard sciences."

Thu, 01/09/2014 - 09:21 | Link to Comment Eurodollar
Eurodollar's picture

What is it with these abusive threats on peoples lives? What do you do to make the world such a wonderful place? Focus on protecting yourself and your own. Avoid thinking like a criminal loser please.

Thu, 01/09/2014 - 09:32 | Link to Comment InspectorBird
InspectorBird's picture

What are you talking about? That was funny as hell :) and if you didnt get the reference then thats your problem.

Thu, 01/09/2014 - 09:55 | Link to Comment Eurodollar
Eurodollar's picture

As someone above so neatly put it: "if it bleeds we can kill it". Sure, it is a statement taken from somewhere. It does however have meaning. No, threatning people on their lives is not funny. It is a crime.

Thu, 01/09/2014 - 10:55 | Link to Comment Blano
Blano's picture

Jesus F-ing Anti-Christ lighten up already.

Thu, 01/09/2014 - 11:13 | Link to Comment El Vaquero
El Vaquero's picture

Stick around.

Thu, 01/09/2014 - 11:31 | Link to Comment earnyermoney
earnyermoney's picture

Arnold S. in a movie where his commando team is hunting a cloaking alien. Forget the name of the movie.

Thu, 01/09/2014 - 13:06 | Link to Comment Overfed
Overfed's picture

Predator. Kinda fits when ya' think about it.

Thu, 01/09/2014 - 13:07 | Link to Comment Overfed
Overfed's picture

So...you would be offended if one of us told you to go die in a fire?

Thu, 01/09/2014 - 13:29 | Link to Comment uplicidlit
uplicidlit's picture

@Eurodollar -  sometimes there are some very good and insightful comments made on this blog. But, you do have to weed through alot of idiocy to find them.

It's proof positive that plenty of Neanderthals are still roaming this earth....and encouraging each other to retain their stunted maturity. Amazing......

Thu, 01/09/2014 - 10:27 | Link to Comment Hulk
Hulk's picture

Man, these things can bleed for a whole week and not die !!!

Thu, 01/09/2014 - 09:40 | Link to Comment Croesus
Croesus's picture

@ Sudden Debt: 

Don't look now, but I think your comment just pissed her off: 

http://www.movieramblings.com/wp-content/uploads/2013/08/nosferatu-bfi-00n-2r5.jpg

 

Thu, 01/09/2014 - 10:11 | Link to Comment Agstacker
Agstacker's picture

As soon as I saw her picture on Time the Darth Vadar theme went thru my mind...

Thu, 01/09/2014 - 11:09 | Link to Comment jmcadg
jmcadg's picture

I'm sure Banzai has done something far superior, but quickly knocked up:

 

???????

 

How do you upload an image?

:(

Thu, 01/09/2014 - 12:41 | Link to Comment NotApplicable
NotApplicable's picture

You've gotta be a contributer. Otherwise, you just post links like the rest of us proles.

Thu, 01/09/2014 - 13:19 | Link to Comment jmcadg
jmcadg's picture

Thanks NA. I'll continue proling along. :)

Thu, 01/09/2014 - 12:45 | Link to Comment NotApplicable
NotApplicable's picture

I immediately noticed the "reptilian" eyes.

Thu, 01/09/2014 - 10:37 | Link to Comment ElvisDog
ElvisDog's picture

We are fucking doomed.

Thu, 01/09/2014 - 12:53 | Link to Comment HardlyZero
HardlyZero's picture

Guess she can't really get off black, and the ash and sackcloth.

Will there be covens ?  cauldrons ?  midnight tea parties ?

Addam's Family Morticia ?

Thu, 01/09/2014 - 20:19 | Link to Comment Nick Jihad
Nick Jihad's picture

At least Morticia was hot.

Thu, 01/09/2014 - 09:15 | Link to Comment LetThemEatRand
LetThemEatRand's picture

"You know, a lot of people say this [asset buying] is just helping rich people. But it’s not true. Our policy is aimed at holding down long-term interest rates, which supports the recovery by encouraging spending. And part of the [economic stimulus] comes through higher house and stock prices, which causes people with homes and stocks to spend more, which causes jobs to be created throughout the economy and income to go up throughout the economy."

She really just came right out and said her entire faux policy is based on the dual concept of building an economy through debt spending by the middle class, and trickle down from the wealthy.  I used to get mad about this stuff before I figured out that they don't really believe it, and it's just cover.

Thu, 01/09/2014 - 10:02 | Link to Comment new game
new game's picture

the sad reality of stupidity by the masses and the priveledged that don't have to trade time/labor for money in a real time competitive world!!!!!!!!!!!!!!!!!!!!!!

these fuckers get money for being the "priveledged few in contol" and control that sytem UNTIL ?????

oh yea-this pisses me off big time...

Thu, 01/09/2014 - 12:13 | Link to Comment Greenskeeper_Carl
Greenskeeper_Carl's picture

no shit. their plan for growth is keeping interest rates low so people can borrow more, go into debt, and spend money hey dont have, and this is supposed to help how? all this does is cause future spending to happen now, which will only cause a future slow down when eventually the credit cards are maxed out. but as you said, they know this, so this is just another can kicking exercise to delay the inevitable end of our debt based illusion of an economy

Thu, 01/09/2014 - 20:22 | Link to Comment Nick Jihad
Nick Jihad's picture

These theories make a lot of sense, to people who been in universities all their lives.

Thu, 01/09/2014 - 12:17 | Link to Comment NihilistZero
NihilistZero's picture

Yes Janet, making housing (shelter being second or third on the list of true necessities) more expensive is helping the common man.  I know they don't believe it and are just regurgitating their mass media talking points, but hearing this shit infuriates me.  People are out here just trying to get by and this cunt (as well as the cunts that preceded her) are bragging about making SHELTER more expensive!  I used to question how much true evil was in the world.  I thought outside of a few crazies people were basically good or just misguided.  Coming to understand the world's real power structure, run by the banksters and executed by the politicians, opened my eyes.  The worst killers in the darkest prisons can't match the evils of enslaving and killing billions of people.  May some form of cosmic justice find all these demons.

Thu, 01/09/2014 - 09:15 | Link to Comment krispkritter
krispkritter's picture

 'Janet Yellen Does Time' - Can we start with Greenspan, Corzine, and Bernanke first?

Thu, 01/09/2014 - 09:14 | Link to Comment TeamDepends
TeamDepends's picture

Hitler was also Time's "man of the year".

Thu, 01/09/2014 - 09:14 | Link to Comment krispkritter
krispkritter's picture

I thought the cover looked familiar...

Thu, 01/09/2014 - 09:18 | Link to Comment Popo
Popo's picture

On the housing market:  "I expect it to pick back up and I do expect a further recovery."

By "recovery" does she mean "more unaffordable"?   Does she mean a "continuation of unsustainable price inflation"?

Why are expensive homes "good"?  

Why is it always assumed that American citizens are home owners and will be happy to hear that housing prices are rising?

Why does a massive and unavoidable consumer debt-burden (part and parcel of buying a home at inflated prices) "help" the economy? 

Thu, 01/09/2014 - 09:30 | Link to Comment Winston Churchill
Winston Churchill's picture

Price reductions coming into my email everyday down here in south Florida.

Even with enormous inventory being held off market by TBTF.

If may not have popped , but its certainly deflating.

Thu, 01/09/2014 - 15:08 | Link to Comment NihilistZero
NihilistZero's picture

It's already popped.  2014=2007.  2015=2008.  Once the volume became nonexistent last fall it was game over.  It may be even worse than 2007 as the median rose the first quarter or so of that year if I remember. If spring 2014 doesn't show an increase in the median thing's could accelerate quickly.  The rush to the exits will be exponentially faster this time as these investment properties will likely be liquidated in bulk to payback what can be of their loans.  Rentiers who IPO'd will be laughing all the way to the bond market to park their loot until the beer bubble.  FHA, Fannie and Freddie are going to get hosed and if the (otherwise worthless) GOP has congressional control could be shuttered.  If only to crash the market further so the rentiers can swoop back in a few years...

 

 

Thu, 01/09/2014 - 09:16 | Link to Comment savedeposit
savedeposit's picture
"The Onde Hundered Tenty Seven Trillion Dollar Unfunded Liabilities Woman"
Thu, 01/09/2014 - 09:17 | Link to Comment dick cheneys ghost
dick cheneys ghost's picture

Mr Yellan--TEAR DOWN THIS BANK

~~~

Thu, 01/09/2014 - 09:21 | Link to Comment foxenburg
foxenburg's picture

"The US Economy is now in her hands" quote on Time cover.

 

What an absurd notion that the greatest economy the world has ever known should be dependent on one public servant.

Thu, 01/09/2014 - 09:28 | Link to Comment NoDebt
NoDebt's picture

In the old days they worshipped high priests and shamans.  Now, it's central bankers.  

Thu, 01/09/2014 - 09:52 | Link to Comment Hedgetard55
Hedgetard55's picture

That was my first reaction as well. Does TIME have more than 12 readers nowadays, BTW?

Thu, 01/09/2014 - 09:57 | Link to Comment quikwit
quikwit's picture

She is NOT a public servant.  The interests served are private.

Thu, 01/09/2014 - 09:23 | Link to Comment Johnny Cocknballs
Johnny Cocknballs's picture

Weapons grade bullshit, Ms Yellen.

And catnip for progressives and cryptofascists everywhere.

 

Bravo.

Thu, 01/09/2014 - 09:29 | Link to Comment d edwards
d edwards's picture

Isn't it closer to $17 trillion?

Thu, 01/09/2014 - 10:45 | Link to Comment ElvisDog
ElvisDog's picture

Her second bullet point is standard issue, cookie cutter, Keynesian bullshit. It's amazing that they still trot out the "lower interest rates helps Main Street" meme. And Jesus Fucking Christ, do we really want a Fed Chief who uses a phrase made popular on the Oprah Winfrey show? We are fucking doomed.

Thu, 01/09/2014 - 10:52 | Link to Comment overmedicatedun...
overmedicatedundersexed's picture

does the FED building in NYC look sorta like solomon's temple? no can't be. can a gentile have access to the inner sactum? I guess not. greenspan bernake yellen...connect the dots.

Thu, 01/09/2014 - 10:52 | Link to Comment B.J. Worthy
B.J. Worthy's picture

I thought progressives hated trickle-down economics? It's so hard to keep track of their shifting rationalizations.

Thu, 01/09/2014 - 11:16 | Link to Comment Johnny Cocknballs
Johnny Cocknballs's picture

Oh, they don't like fascism either - so that's not what they call it.

Political correctness, "living Constitutionalism," and all other manner of semantic fuckery is the special skill set of those who adore central planning and government power.

Assaults on reality through hacking the language is a hallmark of the statist left.

*This* should be deemed trickledown, or even 'the confidence phantom'

Apart from being not true when true, it also isn't true...if you will.  She thinks it does because economists are far more shaman than scientist, and they can look at the same featureless blue sky and conjure axioms out of the cloud formations.

Its arrogance, and confirmation bias and groupthink combined with greed, a practical stupidity, and love of power.

Yellen is a true believer, like Krugman.  Her policies will, of course, be harmful.

 

But Fischer is downright dangerous.  He's got an audit proof printing press and a bunch of his ideological fellow travellers in Treasury and State as well as the cftc, irs, fdic, and on and on.  I see bail ins and negative rates and war, and American wealth leaving the country...

 

 

Thu, 01/09/2014 - 09:26 | Link to Comment Dr. Bonzo
Dr. Bonzo's picture

It seems these people are screened and selected for exhibiting psychopathic tendencies.


 "You know, a lot of people say this [asset buying] is just helping rich people. But it’s not true. Our policy is aimed at holding down long-term interest rates, which supports the recovery by encouraging spending. And part of the [economic stimulus] comes through higher house and stock prices, which causes people with homes and stocks to spend more, which causes jobs to be created throughout the economy and income to go up throughout the economy."

 

Whereas Bernanke might have been able to pull off sounding smart and pretending to be a brainiac, so far Janet's soundbites sound utterly and completely reckless and dumb.

We are fucking doomed.

 


Thu, 01/09/2014 - 11:03 | Link to Comment Blano
Blano's picture

She's got the lying part down pat already.

Thu, 01/09/2014 - 20:29 | Link to Comment Nick Jihad
Nick Jihad's picture

The people with homes and houses are older people like me - looking at the paltry returns our savings will earn when we retire. Trust me, i'm far from feeling that urge to splurge.

Thu, 01/09/2014 - 09:27 | Link to Comment Rehab Willie
Rehab Willie's picture

Calamity Janet to the rescue.

Thu, 01/09/2014 - 09:43 | Link to Comment Johnny Cocknballs
Johnny Cocknballs's picture

When the giant, hyperintelligent bees of the distant future sift through the smoldering, radioactive ashes of our long lost civilization, they will come across Yellen's quote in the second bullet point above, and they will understand.

Thu, 01/09/2014 - 09:46 | Link to Comment Chaos_Theory
Chaos_Theory's picture

I predict the 2016 cover will scratch out 16 and replace with 20...at the low end (can't wait to see revised CBO numbers on ACA's revised costs).

Thu, 01/09/2014 - 09:48 | Link to Comment Shrapnel
Shrapnel's picture

Time's person of the year will be a bag lady apparently.

Thu, 01/09/2014 - 09:51 | Link to Comment new game
new game's picture

the very nature of the feds funding apperatus is what she understands entirely. and she also knows most people don't understand the debt slavery system she oversees. when will it ever change?

Thu, 01/09/2014 - 09:52 | Link to Comment Seasmoke
Seasmoke's picture

It's a Rebel Yell....She said. SPEND. SPEND. SPEND !!

Thu, 01/09/2014 - 13:00 | Link to Comment HardlyZero
HardlyZero's picture

Moar, Moar, Moar !  (cougar hoarish voice).  Is she Babylon the Great ?

Thu, 01/09/2014 - 09:53 | Link to Comment Balvan
Thu, 01/09/2014 - 10:02 | Link to Comment Quinvarius
Quinvarius's picture

This is why you should never get married.  In the end you get a Hilary Clinton, a Janet Yellen, or a Feinstein.  Old, fat, ugly, and stupid...And they own half your stuff. 

Thu, 01/09/2014 - 11:45 | Link to Comment Bahamas
Bahamas's picture

she was cute..even with 1/2 afro hair style..instead the girl on the right looks like Timma..

Thu, 01/09/2014 - 09:54 | Link to Comment GrinandBearit
GrinandBearit's picture

My prediction:

The first female Fed Chair will be the LAST Fed Chair.

Thu, 01/09/2014 - 09:57 | Link to Comment spanish inquisition
spanish inquisition's picture

A rising tide can lift all boats. A naturally occuring event.

A rising FED induced tide can lift all boats and hurl them 3 miles inland.

Thu, 01/09/2014 - 10:00 | Link to Comment Quinvarius
Quinvarius's picture

They put her on the cover this early?!  Cripes.  We are screwed.

Thu, 01/09/2014 - 10:13 | Link to Comment Azannoth
Azannoth's picture

At least (s)he didnt get the Economic Nobel .. yet

Thu, 01/09/2014 - 10:51 | Link to Comment Taffy Lewis
Taffy Lewis's picture

This article and cover is from the Onion, isn't it?

Thu, 01/09/2014 - 10:03 | Link to Comment shovelhead
shovelhead's picture

"DAMMIT! We need more debt! Why won't you people co-operate?"

Thu, 01/09/2014 - 10:03 | Link to Comment BeetleBailey
BeetleBailey's picture

The recovery has been frustratingly slow, but we’re making progress in getting people back to work, and I anticipate that inflation will move back toward our longer-run goal of 2 percent."

 

LOL....sure.These cunts say it and want people to believe it. PROVE IT BITCH!

 

What total fecal matter

Thu, 01/09/2014 - 10:17 | Link to Comment Bdelande
Bdelande's picture

Since when is she responsible for putting people "back to work" the audacity of these people is a site to behold!

Thu, 01/09/2014 - 10:42 | Link to Comment CharlieMike
CharlieMike's picture

It's one of the "duties" of the FR:

conducting the nation's monetary policy by influencing the monetary and credit conditions in the economy in pursuit of maximum employment, stable prices, and moderate long-term interest rates - http://www.federalreserve.gov/aboutthefed/mission.htm

The primary duty is to screw Americans.

Thu, 01/09/2014 - 10:04 | Link to Comment Hedgetard55
Hedgetard55's picture

The $16 T is the GDP, not the debt, boneheads.

Thu, 01/09/2014 - 10:05 | Link to Comment Hedgetard55
Hedgetard55's picture

And yes, she is just one more whore in the bankster hive, spewing bullshit she can't really believe, or can she?

Thu, 01/09/2014 - 10:08 | Link to Comment Zero Point
Zero Point's picture

Are the reptilian eyes photoshopped on that cover?

Thu, 01/09/2014 - 10:06 | Link to Comment nick howdy
nick howdy's picture

and look she's not Jewish....Just kidding!

Thu, 01/09/2014 - 10:10 | Link to Comment John Law Lives
John Law Lives's picture

"On the Fed's QE program: "You know, a lot of people say this [asset buying] is just helping rich people. But it’s not true. Our policy is aimed at holding down long-term interest rates, which supports the recovery by encouraging spending. And part of the [economic stimulus] comes through higher house and stock prices, which causes people with homes and stocks to spend more, which causes jobs to be created throughout the economy and income to go up throughout the economy."

She knows damn well that a largely disproportionate amount of the "wealth" beget by QE remains in the clutches of rich people.  I hope she does not seriously intend to present herself and the Fed as champions of Mr. and Mrs. Joe Sixpack.

YellenFedFUBAR.

Thu, 01/09/2014 - 10:09 | Link to Comment Johnny Cocknballs
Johnny Cocknballs's picture

I still think Yellen is really just the Darth Vader to Stan Fischer's Emperor.

All part of the plan, next stop... Iran.

And you can take that to the bank.

 -  The money bank.

Thu, 01/09/2014 - 10:11 | Link to Comment paint it red ca...
paint it red call it hell's picture

It blows me away these people walk into their new jobs holding their chin up, lie their ass off as a career, then still have the nerve years later to leave the job pretending they have reason to not hang their heads in shame.

Thu, 01/09/2014 - 10:19 | Link to Comment overmedicatedun...
overmedicatedundersexed's picture

yellin to Ben," thanks, you saved the nation", giggle giggle, we have increased the power and wealth of our race, our race, before all our race. no non jew can enter here.

Thu, 01/09/2014 - 12:52 | Link to Comment nakki
nakki's picture

My God the propaganda isn't even creative anymore. The whole idea behind "The wealth effect" mantra is so 20th century. If more people "feel" (not actually) wealthy they'll go out and spend more money on what? Shit made in a different country? Services like Restaurants and lawn care? Isn't this how everyone that used their house as an ATM got in trouble just 6 short years ago? You know what would make me feel wealthier? Send me a check for $100000 or maybe buy my mortgage backed security. Since none of that will happen please come up with some better propaganda. It insults my intelligence and makes you sound like a moron reading a teleprompter.

Thu, 01/09/2014 - 10:17 | Link to Comment Yes_Questions
Yes_Questions's picture

Ugh. Bullet point two says it all. More trickle

Thu, 01/09/2014 - 10:28 | Link to Comment Big Boss Man
Big Boss Man's picture

She'll never live up to the standards that have been set, so let's lower the bar.

(Snark off)

 

 

http://www.foxbusiness.com/economy-policy/2014/01/08/is-ben-bernanke-wor...

Thu, 01/09/2014 - 10:29 | Link to Comment Dexter Morgan
Dexter Morgan's picture

"I could not understand what this old man was saying.  All I could think of was Pamella."

Thu, 01/09/2014 - 10:33 | Link to Comment Save_America1st
Save_America1st's picture

FUCK YOU, LARRY YELLEN!!!

that's better ;-)

Aren't they gross?  http://wpmedia.business.financialpost.com/2013/07/summersyellen.jpg?w=620

Thu, 01/09/2014 - 10:40 | Link to Comment jmcadg
jmcadg's picture

"You know, a lot of people say this [asset buying] is just helping rich people. But it’s not true. Our policy is aimed at holding down long-term interest rates, which supports the recovery by encouraging spending. And part of the [economic stimulus] comes through higher house and stock prices, which causes people with homes and stocks to spend more, which causes jobs to be created throughout the economy and income to go up throughout the economy."

 

That right there is a ponzi scheme of extreme magnitude. The only way out is to spend.

 

Nowhere do these gobshites promote productivity and saving. WE ARE FUCKED.

Thu, 01/09/2014 - 10:42 | Link to Comment NoWayJose
NoWayJose's picture

Isn't that the 'hated' Reagan trickle down economics?

Thu, 01/09/2014 - 10:51 | Link to Comment Save_America1st
Save_America1st's picture

Yeah, hated by MUTANT Marxists and all other socialists who hate America.  They prefer trickle down poverty instead.  At the end of the barrel of a gun, of course :)

Remember:  Zombies are fake...but MUTANTS are real...

Fight The

M.arxist

U.topian

T.yrannical

A.uthoritarian

N.efarious

T.reasonous

S.ocialists

 

Thu, 01/09/2014 - 12:49 | Link to Comment Blankenstein
Blankenstein's picture

 

"supports the recovery by encouraging spending. And part of the [economic stimulus] comes through higher house  prices"

 

This idea is flat out incorrect and stupid too.  They have no idea how personal spending is affected by high home prices. This false assumption may have seemed to play out when "homeowners" were using their homes as ATMs pre-2006, but what actually occurred was people were taking on vast amounts of debt they couldn't afford, and in the process, stealing from future spending.  In my suburban area, house prices are overpriced and out of line with incomes and have been since 2001.  Businesses have continued to close in the area, being replaced by discount stores, second hand stores or short-lived restaurants. This is a fairly affluent county, yet they can't keep businesses.  The "homeowners" instead are spending a significant portion of their paychecks on mortgages and property taxes.  

Thu, 01/09/2014 - 11:00 | Link to Comment alangreedspank
alangreedspank's picture
Sixteen Trillion and all she can afford is this awful bowlcut ?
Thu, 01/09/2014 - 11:02 | Link to Comment Mike Cowan
Mike Cowan's picture

Yellen is a curse on America.

Thu, 01/09/2014 - 11:03 | Link to Comment crzyhun
crzyhun's picture

Blech! A little up chuck in my throat.

Thu, 01/09/2014 - 11:20 | Link to Comment RealityCheque
RealityCheque's picture

All that photoshopping and still she looks like a bulldog chewing a wasp.

Truth is, you can't polish a turd. We'll be learning that about Mr Yellen both physically and professionally in the coming year.

Thu, 01/09/2014 - 11:37 | Link to Comment Fiat Burner
Fiat Burner's picture

"You know, a lot of people say this [asset buying] is just helping rich people. But it’s not true. Our policy is aimed at holding down long-term interest rates, which supports the recovery by encouraging spending. And part of the [economic stimulus] comes through higher house and stock prices, which causes people with homes and stocks to spend more, which causes jobs to be created throughout the economy and income to go up throughout the economy."

Fuck you Janet Yellen. You are either a (useful) idiot or an evil scumbag.

Thu, 01/09/2014 - 11:40 | Link to Comment Nation of Imbeciles
Nation of Imbeciles's picture

TIME must be full of morons as the debt has surpassed $17 Trillion BUT they tricked up the article's title to spoof the 70's TV series, the "Six Million Dollar Man."

Next stop for Yellen: Nobel Peace Prize & maybe even Time's 'Woman of the Year' award which would be synonymous with Obama & Bernankoffs specious titles early on. You can write this off as another chapter in the bureau-worship craze. Followers, drop to your knees, pucker up and grovel, Yellen is here...........

 

http://www.treasurydirect.gov/NP/debt/current

Thu, 01/09/2014 - 11:43 | Link to Comment sbenard
sbenard's picture

Another central banker in denial of reality and in defiance of sound economics. We're doomed! She will earn David Stockman's moniker of Calamity Janet!

Thu, 01/09/2014 - 12:06 | Link to Comment Nation of Imbeciles
Nation of Imbeciles's picture

Three Federal Reserve Chairmucks & the national debt when they entered office: Alan bon débarras Greenspan 11 AUG 1987 ~$2,297,456,321,751.00(estimate) Binjamin Shalom Bernanke 1 FEB 2006 $8,183,138,191,456.56 Janet Hasta La Vista Yellen 1 FEB 2014 $17,315,227,613,858.79 (as of 01/07/2014)

Looking at these numbers, I'm in awe over the grand leadership these winners have fostered for America. Thank heavens we did not have bereft incompetents running the FED during these critical years.

We should have a contest to guess how much debt there will be when Yellen leaves in 4 or 8 years unless the currency collapses first.

Thu, 01/09/2014 - 12:09 | Link to Comment Spungo
Spungo's picture

At least she looks better than Larry Summers. That guy's face would be enough to crash the stock market.

Thu, 01/09/2014 - 12:25 | Link to Comment 1stepcloser
1stepcloser's picture

The more I look at it, the more it looks like an old blade runner Rutger Hauer.  Plus where is her version of this https://www.youtube.com/watch?v=9QpD64GUoXw

Thu, 01/09/2014 - 17:25 | Link to Comment PrinceDraxx
PrinceDraxx's picture

A rising tide of debt may lift some boats, unfortunately, that type of rising tide tends to founder more boats than it lifts.

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