"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 | 4314835 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 | 4314844 ParkAveFlasher
ParkAveFlasher's picture

IF IT BLEEDS, WE CAN KILL IT.

Thu, 01/09/2014 - 09:15 | 4314848 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 | 4314863 dick cheneys ghost
dick cheneys ghost's picture

lets hope it leads to Final Liquidation

Thu, 01/09/2014 - 09:38 | 4314915 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 | 4314959 Stackers
Stackers's picture

I thought Burl Ives was dead ?

Thu, 01/09/2014 - 09:57 | 4314965 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 | 4314999 fonestar
fonestar's picture

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

Thu, 01/09/2014 - 10:27 | 4315036 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 | 4315048 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 | 4315095 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 | 4314976 Muppetrage
Muppetrage's picture

I think she's kind of handsome

Thu, 01/09/2014 - 10:06 | 4314998 Azannoth
Azannoth's picture

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

Thu, 01/09/2014 - 10:18 | 4315022 kralizec
kralizec's picture

And...

...there goes breakfast.

Thu, 01/09/2014 - 10:25 | 4315031 HardlyZero
HardlyZero's picture

Johnny Winter...is she albino ?

Thu, 01/09/2014 - 10:37 | 4315071 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 | 4315247 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 | 4315697 HardlyZero
HardlyZero's picture

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

Thu, 01/09/2014 - 10:45 | 4315125 Agent P
Agent P's picture

Wait, that's a woman? 

Thu, 01/09/2014 - 12:40 | 4315608 NotApplicable
NotApplicable's picture

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

Thu, 01/09/2014 - 09:19 | 4314864 jbvtme
jbvtme's picture

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

Thu, 01/09/2014 - 10:47 | 4315132 Agent P
Agent P's picture

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

Thu, 01/09/2014 - 09:21 | 4314865 GetZeeGold
GetZeeGold's picture

 

 

The creature from Jekyll Island.....

Thu, 01/09/2014 - 10:56 | 4315174 Blano
Blano's picture

Your mere appearance makes me giggle.

Thu, 01/09/2014 - 16:40 | 4316715 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 | 4314871 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 | 4314905 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 | 4314958 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 | 4315167 Blano
Blano's picture

Jesus F-ing Anti-Christ lighten up already.

Thu, 01/09/2014 - 11:13 | 4315226 El Vaquero
El Vaquero's picture

Stick around.

Thu, 01/09/2014 - 11:31 | 4315296 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 | 4315750 Overfed
Overfed's picture

Predator. Kinda fits when ya' think about it.

Thu, 01/09/2014 - 13:07 | 4315753 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 | 4315866 Blue Boat
Blue Boat'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 | 4315035 Hulk
Hulk's picture

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

Thu, 01/09/2014 - 09:40 | 4314917 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 | 4315008 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 | 4315215 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 | 4315617 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 | 4315814 jmcadg
jmcadg's picture

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

Thu, 01/09/2014 - 12:45 | 4315626 NotApplicable
NotApplicable's picture

I immediately noticed the "reptilian" eyes.

Thu, 01/09/2014 - 10:37 | 4315086 ElvisDog
ElvisDog's picture

We are fucking doomed.

Thu, 01/09/2014 - 12:53 | 4315683 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 | 4317513 Nick Jihad
Nick Jihad's picture

At least Morticia was hot.

Thu, 01/09/2014 - 09:15 | 4314840 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 | 4314980 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 | 4315497 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 | 4317524 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 | 4315511 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 | 4314841 krispkritter
krispkritter's picture

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

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