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Janet Yellen May Have A Problem Explaining This Slide

Tyler Durden's picture




 

We can't wait to hear how Janet Yellen explains the following slide that the Chairman of the Joint Economic Committee Kevin Brady just lobbed at her.

 

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Wed, 05/07/2014 - 10:19 | 4735771 transaccountin
transaccountin's picture

what difference does it make! no comment on this slide expected. green shoots! all i hear is high fives low employment, expansion, etc. yea buddy

Wed, 05/07/2014 - 10:21 | 4735786 toys for tits
toys for tits's picture

"What's good for Wall Street is good for Main Street." - Same old, same old.

Wed, 05/07/2014 - 10:31 | 4735849 TruthInSunshine
TruthInSunshine's picture

As the Deep Capture of all institutions, from the Executive Branch to Legislative Branch to Judiciary, marches briskly on, "What's good for Wall Street is good for Wall Street, and those immune from insider trading laws, such as Nancy Pelosi, Harry Reid, Nancy Boy Graham, Senior John McCainus...and what's the rest?...oh yeah, and Duck Main Street, bitchez."

Wed, 05/07/2014 - 10:35 | 4735866 Haus-Targaryen
Haus-Targaryen's picture

Did anyone else get a good ol' "lol" at the "Main Street Families" thing. 

What is exactly a "Main Street Family" and when was the last time the average middle class household lived on "Main Street."

Wed, 05/07/2014 - 10:38 | 4735886 SheepDog-One
SheepDog-One's picture

I don't know nothing about Main St, but I feel like I'm about to start main lining heroin!

Wed, 05/07/2014 - 10:42 | 4735905 Haus-Targaryen
Haus-Targaryen's picture

Weak attempt.

Wed, 05/07/2014 - 10:43 | 4735912 dontgoforit
dontgoforit's picture

They take care of their own.  Anyone else, meh...

Wed, 05/07/2014 - 10:48 | 4735938 Supernova Born
Supernova Born's picture

When they confiscate 401(k)s guess who'll be laughing.

"Send us $50 so we can ship you your Nigerian lotto winnings."

Wed, 05/07/2014 - 10:50 | 4735948 TeamDepends
TeamDepends's picture

They don't call them MYRAs for nothing.

Wed, 05/07/2014 - 10:52 | 4735959 Four chan
Four chan's picture

mustard seeds? lk is annoying

Wed, 05/07/2014 - 10:59 | 4735987 Manthong
Manthong's picture

She just needs the stats from this demographic to even out that chart and show how well Main Street is doing.

It's the government way.

Wed, 05/07/2014 - 11:01 | 4736001 fonestar
fonestar's picture

Speaking of "explaining this" don't be one of those pitiful morons trying to explain to their children years later why they didn't bid $400 BTC.

BUY NOW!

Wed, 05/07/2014 - 11:02 | 4736011 NotApplicable
NotApplicable's picture

Why that chart looks "Double-Plus Good!"

Wed, 05/07/2014 - 11:08 | 4736026 TeamDepends
TeamDepends's picture

Only during the Two Minute Hate.

Wed, 05/07/2014 - 12:34 | 4736410 Oh regional Indian
Oh regional Indian's picture

Could it be that we are dealing with 2 legged beasts here?

We are. Brilliant beasts. 

You'd think that chart would have riots on the streets and burning banks before noon, but all we'll get is a great big whimper.

By the way, it's all much worse here in India, not even worth commenting regarding the socio/politico/crony-capitalo situation....which incidentally also makes it the eqivalent of the great wild west for those that are into taking hints.

 

Incidentally I have a ground floor tech opportunity at hand for a seasoned tech investor. The next big thing. I'm on the team. LA based. Hint hint.

Would love for a hedger to benefit. You'd have to be a player though. No hate please, this is totally serious. There are enough takers for what is available, just that  to have a say. Happy to splain more in person.

There, an openish opportunity for someone to close that gap....

ori

 

Wed, 05/07/2014 - 12:44 | 4736444 Xibalba
Xibalba's picture

But, but, but, Wall St is Main St., in the same way corporations are people! 

Wed, 05/07/2014 - 16:56 | 4737295 ebworthen
ebworthen's picture

^ This.

In a nutshell, exactly.

Wed, 05/07/2014 - 18:08 | 4737483 Squid-puppets a...
Squid-puppets a-go-go's picture

THIS PROVES THE WEALTH EFFECT WORKS!!!!!

....at a ratio of 108:4, mind you

Wed, 05/07/2014 - 18:52 | 4737638 Handful of Dust
Handful of Dust's picture

 

 

I hate these charts.

Poverty makes my Brain hurt.

 

 

Wed, 05/07/2014 - 21:18 | 4738178 Fish Gone Bad
Fish Gone Bad's picture

Explaining the chart is low hanging fruit....  "If we hadn't given wall street all that money, main street would have been much much worse."

FGB

Wed, 05/07/2014 - 11:08 | 4736030 fonzannoon
fonzannoon's picture

I am listening to a guy grill Yellen about food costs and inflation. He is concerned because he heard a report that food prices MAY rise 3.5% this year.

 

http://finance.yahoo.com/q/bc?s=DBA+Basic+Chart&t=6m

Wed, 05/07/2014 - 11:19 | 4736097 Beam Me Up Scotty
Beam Me Up Scotty's picture

3.5% LOL!!  Maybe for dogfood....

Wed, 05/07/2014 - 21:19 | 4738181 Fish Gone Bad
Fish Gone Bad's picture

Even salt is expensive now.

Wed, 05/07/2014 - 11:54 | 4736253 KnightTakesKing
KnightTakesKing's picture

Only 3.5% rise in horse meat and Fukushima irradiated fish. 15%+ inflation on any kind of food that you would want to eat.

Wed, 05/07/2014 - 12:21 | 4736369 CrankItTo11
CrankItTo11's picture

4.2% rise in "Main Street Familes" 

WTF is a famile?

Wed, 05/07/2014 - 21:21 | 4738191 Fish Gone Bad
Fish Gone Bad's picture

From the FGB dictionary on all things impromtu:  A FAMILE is a family that is starving.

Wed, 05/07/2014 - 12:45 | 4736449 Lore
Lore's picture

Ain't it the truth!  Groceries are SOARING.  No talk about THAT! 

The psychopaths hammered gold again, right on cue...

Wed, 05/07/2014 - 18:27 | 4737539 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Got make sure Ukraine can buy that gold on the cheap with that IMF tranche of funny money they were told to fight for or no soup for you.

Wed, 05/07/2014 - 16:32 | 4737239 chemystical
chemystical's picture

"don't be one of those pitiful morons trying to explain to their children years later why they didn't bid $400"

http://blockchain.info/charts/market-price

Yeah, boy, there's a chart for you!  Buying Btc might not exactly be like throwing wealth into the toilet, but it's sure been akin to rolling it down the steep hill towards the septic tank. 

You Bt fanatics clamored for price stability as a harbinger of great things to come.  Well, you have it: the intraday swings for the past 3 months have never been lower...and yet...Btc is back where it was mid-Nov when the hoopla started, and it's been falling back down that hill toward pre-Nov. 

Every farthing of those gains have already been sent back; it just took longer to unwind than the hysteria took to skyrocket.  Now the Btc blogs (see: btc-e.com as the epitome of the most pathetic bunch of ill-informed losers) are filled with pathetic losers spouting conplete bullshit into an echo chamber.

You know it too.

Wed, 05/07/2014 - 16:54 | 4737286 Its_the_economy...
Its_the_economy_stupid's picture

Thanks for the chart.

Always a good reminder.

Wed, 05/07/2014 - 19:13 | 4737700 ForTheWorld
ForTheWorld's picture

Funnily enough, just before I read your comment, I checked the price on btc-e, and sure enough, there's plenty of people talking out of their ass. One person was even calling for a ban on China trading Bitcoins. Nothing like a free and open market!

Wed, 05/07/2014 - 19:39 | 4737810 pelican
pelican's picture

They are working on collecting the 401k now.  I just withdrew a few grand to make ends meet.

 

 

 

Wed, 05/07/2014 - 10:43 | 4735914 Joe Davola
Joe Davola's picture

I'm gonna guess she give's a lot of "Hmmm's" while stroking her beard before deflecting with:

Main street will retire in ease with their prosperous 401k's. (if Clueless Joe doesn't confiscate it first).

Wed, 05/07/2014 - 11:49 | 4736238 KnightTakesKing
KnightTakesKing's picture

Yellen: Trickle down, Bitchez!

Wed, 05/07/2014 - 12:15 | 4736341 Ying-Yang
Ying-Yang's picture

Ugggh... I hate to picture what trickles down from Janet Yellen

"the Committee will continue to assess both the realized and expected progress toward its objectives of maximum employment and 2 percent inflation."

"she give's a lot of "Hmmm's" while stroking her beard before deflecting with"

Were her hands under the table during her testimony?

 

Wed, 05/07/2014 - 17:46 | 4737426 TruthInSunshine
TruthInSunshine's picture

Yellen with the Moe bowl cut.

Wed, 05/07/2014 - 21:24 | 4738198 Fish Gone Bad
Fish Gone Bad's picture

It has been said before, and it bears repeating, Yellen is a Romulan agent.

Wed, 05/07/2014 - 12:00 | 4736286 JRobby
JRobby's picture

They live on Shit Street.

Believed the lie, put retirement $$ into 401k's invested in stocks

Believed the lie, bought homes

Believed the lie, thought their votes counted

etc.

Wed, 05/07/2014 - 12:21 | 4736359 CrankItTo11
CrankItTo11's picture

double

Wed, 05/07/2014 - 12:24 | 4736376 Creepy Lurker
Creepy Lurker's picture

Thats how its spelled by graduates of the new journalism courses.

It used to be that one obtained an English degree to qualify as a journalist. Heh.

Wed, 05/07/2014 - 12:52 | 4736472 Lore
Wed, 05/07/2014 - 10:39 | 4735887 Timmay
Timmay's picture

"If you were to inact Federal Reserve policies that would reverse this chart 180 degrees, what would they be??"

 

Answer; Logical question not asked to Janet Yellen.

Wed, 05/07/2014 - 11:11 | 4736042 Bananamerican
Bananamerican's picture

Bananamerican Fed Policy Directive #1
Disband the Fed
#2
Create The Overfed,
an agency tasked with vigorous investigation and clawback of ALL crony capitalist funds disbursed under ALL previous Fed regimes.

Wed, 05/07/2014 - 11:23 | 4736113 maskone909
maskone909's picture

until they start lobbing grenades, well....

Wed, 05/07/2014 - 12:25 | 4736382 CuttingEdge
CuttingEdge's picture

It isn't crony capitalism. Its corporate fascism.

You have two parties in the States, funded by drug, tobacco, arms, tech, banking et al corporate masters, who pull the strings of whoever is in the WH. As in - fuck the masses, do what's best for Monsanto, Exxon, Apple etc...even when the fuckers deliberately avoid paying taxes in their country of origin, declare a loss and get a rebate, and coin it overseas.

Only solution:

1: Make lobbying a criminal offence - ten years minimum in a fed pen.

2: Elect people who represent their constituent rather than corporate needs.

3: Outlaw political campaign funding. A party spending $1 billion dollars to get elected isn't doing it out of idealist ambition. They are doing it to feather their own nests (and those of their backers). Instead give the politicos $100 mill per party per term from fed taxes.

Take the money out of the system and you take the scum with it (thats around 99% of serving politicians for a start).

 

Never gonna happen but nice to dream.

 

 

Wed, 05/07/2014 - 13:16 | 4736547 exi1ed0ne
exi1ed0ne's picture

The ENTIRE issue with government is they, by virtue of being the "top" on the authority chain, must self regulate.

This is why no matter how lightly the yolk rests in the beginning, the whips come out eventually.

Wed, 05/07/2014 - 13:18 | 4736551 Canuckistan Al
Canuckistan Al's picture

I regret that I have but one up arrow to apply to your comment. Becuase otherwise I'd have given you a + 1000

It has always seemed to me that your 3 stated points are the true root cuase of all of this crap.

Kill every avenue to manipulate politicians ad they have no other choice to but to actually listen to and serve the population that elected them.

Presently its the corporate fascist that are electing them, the people are only background extras to provide different optics on the electoral process.

Wed, 05/07/2014 - 13:28 | 4736584 Panafrican Funk...
Panafrican Funktron Robot's picture

"Never gonna happen but nice to dream."

This.  The US dollar represents units of power (units which are being exponentially diluted).  Think who has benefitted and who has been harmed from that exponential dilution.  Now consider the party/election process, and the candidates/elected officials that are produced as a result of this, and consider their cost/benefit in proposing an alternative structure in which their oxygen (US dollar units) is cut off entirely.  

 

 

Wed, 05/07/2014 - 20:09 | 4737929 r00t61
r00t61's picture

Any government powerful enough to implement the "solutions" that you just listed is, by definition, also powerful enough to create the Fed, the MIC, and endless iron triangles between lobbyists, corporations, and elected officials.  This concentration of power then attracts the very sociopaths that have created and nurtured the present system.

And then you are right back where you started.

Wed, 05/07/2014 - 20:45 | 4738046 Radical Marijuana
Radical Marijuana's picture

"Never gonna happen but nice to dream."

It feels better to try to do something, rather than nothing, and to maintain irrational hopes, rather than have no hope at all.

Wed, 05/07/2014 - 14:48 | 4736913 Overfed
Overfed's picture

You rang?

Wed, 05/07/2014 - 17:11 | 4737341 drendebe10
drendebe10's picture

"There ain't nuthin uglier than an old white woman."   Fred Sanford

 

Wed, 05/07/2014 - 10:35 | 4735870 thedudeabides
thedudeabides's picture

As long as you live on Main St in the Hamptons and you are a gardener, contractor, or butler.  If you live anywhere else, well, sorry.

Wed, 05/07/2014 - 19:37 | 4737797 Antifaschistische
Antifaschistische's picture

TRICKLE DOWN COUNTERFEITING!!

Wed, 05/07/2014 - 10:22 | 4735788 Steaming_Wookie_Doo
Steaming_Wookie_Doo's picture

Actually, this is the statistic the oligarchy is looking for. Ugh, we'll have to look at that little Spaceballs "Yogurt" character for the next 6 yrs...

Wed, 05/07/2014 - 11:13 | 4736052 Herd Redirectio...
Herd Redirection Committee's picture

It just hasn't trickled down yet, guys.  Nothing to see here, move along.

Wed, 05/07/2014 - 10:44 | 4735918 813kml
813kml's picture

The only green shoots in this economy are coming from Colorado.

Wed, 05/07/2014 - 10:44 | 4735919 Oquities
Oquities's picture

watch how Mr. Yellen starts the answer to almost evry question with the word "SO."

Wed, 05/07/2014 - 12:44 | 4736301 deKevelioc
deKevelioc's picture

She's not alone.  Where in hell did that come from?  It must have come from some communications seminar for squares.

Wed, 05/07/2014 - 19:37 | 4737795 Au Shucks
Au Shucks's picture

So?

Wed, 05/07/2014 - 10:59 | 4735986 bh2
bh2's picture

Likely reply: "What problem?"

Wed, 05/07/2014 - 12:37 | 4736407 bentaxle
bentaxle's picture
  1. More like," The slide's wrong, only 108.2% ?"
Wed, 05/07/2014 - 11:08 | 4736031 Hal n back
Hal n back's picture

KISS: its a bubble-and in a bubble wall st wins at expense of main street.

 

Problem for Wall St is that in ones career you only have a chance at a few bubbles.

Wed, 05/07/2014 - 11:21 | 4736105 Pooper Popper
Pooper Popper's picture

                                      ...Revolution !

Wed, 05/07/2014 - 12:01 | 4736299 drendebe10
drendebe10's picture

"There ain't nuthin uglier than an old white woman."   Fred Sanford

Wed, 05/07/2014 - 14:34 | 4736871 daveO
daveO's picture

That number on the left very suspect. How high an income are they including in that 4.2%? It's a negative number, if you only count the average income.

Wed, 05/07/2014 - 19:50 | 4737854 Redneck Hippy
Redneck Hippy's picture

Help me here. I'm trying to remember exactly how the Fed is supposed to insure income levels on Main Street.    They can A) Lower the interest rates.  B) Raise interest rates.  They have succeeded in keeping interest rates low for a very long time.  Is there anyone who really thinks that Main Street would be better off in interest rates were kept high?

Wed, 05/07/2014 - 10:19 | 4735772 NOTW777
NOTW777's picture

simple - she will lie and spin

Wed, 05/07/2014 - 10:39 | 4735891 Relentless101
Relentless101's picture

Exactly. Way to close to midterms for anything else. Obama would have a shit fit. Yet the fed is supposed to be independent. I would love to just hear:

"Gold standard."

And then drop the mic like a boss.

Wed, 05/07/2014 - 10:20 | 4735778 medium giraffe
medium giraffe's picture

Blah blah trickle down, blah mumble mumble...

Wed, 05/07/2014 - 10:21 | 4735785 Hohum
Hohum's picture

There's a time lag with trickle down ;)

Wed, 05/07/2014 - 10:25 | 4735814 813kml
813kml's picture

Especially when there is a blockage in the sewer pipes.

Wed, 05/07/2014 - 10:36 | 4735873 SHEEPFUKKER
SHEEPFUKKER's picture

Shit flows downhill, as in Capitol Hill. 

Wed, 05/07/2014 - 10:42 | 4735908 TruthInSunshine
TruthInSunshine's picture

Golden parachutes for "the Big Club."

Golden showers for Main Street.

{Jimmy Stewart voice} "Well, waddaya mean that's warm rain trickling down my head, neck, & down my back, Mister? It sure feels, look & smells like you're taking a big 'ole whiz on me. You even have your pecker whipped out and pointed at me, bitchez!"

Wed, 05/07/2014 - 10:53 | 4735961 rum_runner
rum_runner's picture

I'd like to see "trickle down" recharacterized as shit.  The rich man eats well and shits on the ground providing good fertilizer for the poor man to grow food.  A just and virtuous system.

Wed, 05/07/2014 - 10:20 | 4735779 fonzannoon
fonzannoon's picture

Phenomenal that they can absolutely slaughter momo and the Nasdaq can still be above 4k. Fascinating.

Wed, 05/07/2014 - 10:25 | 4735813 pods
pods's picture

I am starting to believe we are all stuck in little cocoons in the powerplant dreaming our lives away.

pods

Wed, 05/07/2014 - 10:28 | 4735837 fonzannoon
fonzannoon's picture

It's a solid possibility.

Wed, 05/07/2014 - 11:24 | 4736102 ParkAveFlasher
ParkAveFlasher's picture

Fonz, individual stocks can be slaughtered yet the index paces higher can be answered conjecturally on my part, I say conjecturally due to my barely-amateur experience as any sort of trader.

IMO Because the Federal Reserve syndicate now approaches the problem of wealth distribution from a supply allocation standpoint.  Wealth distribution for that portion of your wealth held in equities can be controlled by anyone with the proper access to your trading account history and the proper algorithms to parse meaning from them. Thus, the great reallocator of HFT - which is now being commandeered, not abandoned, not scuttled, not disassembled - can be applied as a massive shearing device with a finely tuned edge, with a million sychronized blades.  The allocation approach is why Paul Krugman is held in any esteem, it all becomes a question of demand planning cross referenced to psychology i.e. you will be apportioned just enough to keep you non-violent or hanging on / hanging in.  What stocks are you in, what are your thresholds, how much stress before you bolt and sell, etc.

Fascinating indeed!  I, for one, am long unbeatable viruses, Shangri La, greed, and the Devil, who is not so much omnipresent as he is very very old.  If there is price discovery, we don't know where it is, what it is, and it could be staring us in the face, and we may disbelieve it.

Wed, 05/07/2014 - 11:38 | 4736200 BlindMonkey
BlindMonkey's picture

It makes more sense than the world as I see it from my point of view.

Are we the only people that see the wall we are driving towards at the rate of about $1 trillion a year? The airbags ain't gonna help much.

Wed, 05/07/2014 - 12:02 | 4736300 JRobby
JRobby's picture

the American Dream, because you have to be asleep to believe it - George Carlin

Wed, 05/07/2014 - 10:20 | 4735780 venturen
venturen's picture

You get to keep your bank account!

Wed, 05/07/2014 - 10:29 | 4735822 813kml
813kml's picture

And bank fees will only triple!

Wed, 05/07/2014 - 10:27 | 4735827 Haus-Targaryen
Haus-Targaryen's picture

Here is the correct answer.

Wed, 05/07/2014 - 10:34 | 4735867 swmnguy
swmnguy's picture

...If you like your bank account, that is.  And bear in mind a bank account is actually an unsecured loan to the bank.  But otherwise, yeah, You get to keep your bank account!!!1!!!

Wed, 05/07/2014 - 10:42 | 4735907 SheepDog-One
SheepDog-One's picture

And now the banks don't even pay you anything for your free loan to them anymore, FANTASTIC!!

Wed, 05/07/2014 - 10:46 | 4735929 dontgoforit
dontgoforit's picture

Yeah, and if you want to use any of it, the IRS is in your pocket....BS I say, BS!

Wed, 05/07/2014 - 10:41 | 4735901 Vendetta
Vendetta's picture

only if you want it ... for now.

Wed, 05/07/2014 - 11:29 | 4736150 Renewable Life
Renewable Life's picture

I love all the "bank bitching"!!!
People act like they have no other options?? Take control of your assets man, get a fucking fire proof safe, own land, use a lock box, use Visa cards with no fees instead of credit cards and debit cards from banks, if you have to use a bank account for bills, just put in what you need and that's it!!

But everyone wants a carefree, convient, easy life now, so don't cry or bitch when they steal all your fucking money!! What bullshit liar told you that you were entitled to that fantasy in this world, on this planet???

Wed, 05/07/2014 - 10:21 | 4735782 pods
pods's picture

"Well Ben did a good job, but I think I can get that one on the right a bit higher."

pods

Wed, 05/07/2014 - 10:51 | 4735954 hazden
hazden's picture

Yes, there's still a + in front of the left one.  She can do better.

Wed, 05/07/2014 - 10:20 | 4735783 The Merovingian
The Merovingian's picture

Bread and circuses.  I believe this one falls under circuses.

Wed, 05/07/2014 - 10:28 | 4735836 813kml
813kml's picture

It does have a large supply of requisite clowns.

Wed, 05/07/2014 - 10:22 | 4735792 transaccountin
transaccountin's picture

did i hear the word budget mentioned? i didnt know spending 700 billion extra a year is budgeting? immigration reform, damnnn thats major

Wed, 05/07/2014 - 10:41 | 4735902 mendigo
mendigo's picture

Now thats funny

And sad

Thanks

I think

Wed, 05/07/2014 - 10:47 | 4735925 SheepDog-One
SheepDog-One's picture

It's a budget in the Paris Hilton binge spendathon sense of the word.

Wed, 05/07/2014 - 11:41 | 4736215 BlindMonkey
BlindMonkey's picture

Fuck man. I just had a mental image of Mr Yellen in Paris Hilton's Carls jr bikini washing the car.

OMFG. I now need a mop to clean up my lunch.

Wed, 05/07/2014 - 10:23 | 4735801 NDXTrader
NDXTrader's picture

Her comment: "Mission Accomplished, but we still have more work to do - the host isn't completely dead, yet."

Wed, 05/07/2014 - 10:24 | 4735810 NeedleDickTheBu...
NeedleDickTheBugFucker's picture

"I hate to shock you, but I don't agree with that.  It's simply not true".

Ben Bernanke

Wed, 05/07/2014 - 11:34 | 4736175 Herd Redirectio...
Herd Redirection Committee's picture

Guide to Chutzpah 101 - "Its not important what you say.  Its how you say it" 

"Your self assurance will be accepted as assurance, ambition, superiority."

"Ask for the surname of he who doubts and objects (i.e. ask which experts view the person is espousing)"

"Ask for answers, and when you receive them, repeat without analyzing "That is certainly wrong. "

Wed, 05/07/2014 - 10:26 | 4735817 Dr. Engali
Dr. Engali's picture

We just haven't been trickled on yet. It's coming soon....have faith.

Wed, 05/07/2014 - 10:27 | 4735828 ziggy59
ziggy59's picture

Oh we have been trickled on... More coming is right.

More Golden showers, anyone?

Wed, 05/07/2014 - 10:34 | 4735862 A Dollar Short
A Dollar Short's picture

The trickles defied gravity - hey Al Gore check out this new energy source!

 

I forgot, you already did.

Wed, 05/07/2014 - 10:41 | 4735900 Winston Churchill
Winston Churchill's picture

We have been trickled on Doc.
Here come the crap.

Wed, 05/07/2014 - 10:27 | 4735825 the not so migh...
the not so mighty maximiza's picture

its unusully unusual

Wed, 05/07/2014 - 10:27 | 4735826 Kreditanstalt
Kreditanstalt's picture

"...end of recession (JUNE, 2009)".

Curious how this chart has to remind viewers of when the recession "ended"...!

Wed, 05/07/2014 - 10:28 | 4735832 NEOSERF
NEOSERF's picture

Answer is pretty simple.  Main St. would have been -20% if the Fed hadn't acted.

Wed, 05/07/2014 - 10:56 | 4735976 CHX
CHX's picture

... and Wall Street wiped out (-100%), so that was a no go.

Wed, 05/07/2014 - 11:18 | 4736085 Kreditanstalt
Kreditanstalt's picture

Quite right, actually...if the "TBTF" banks had gone under, mom'n'pop's fiat money denominated bank accounts, mutual funds, house "values" and so on would have been revealed for the paper promises they really are.

Joe Sixpack would have lost a large portion of his "wealth", wiped out.

Wed, 05/07/2014 - 12:13 | 4736344 booboo
booboo's picture

"Joe Sixpack would have lost a large portion of his "wealth", wiped out."

You either live in your moms basement or a cave. That still happened by the way except there was no actual clearing, now everyone including your chidren assuming they live are being slowly bled out.

Wed, 05/07/2014 - 19:39 | 4737808 motorollin
motorollin's picture

Joe Sixpack owns only debt.

Wed, 05/07/2014 - 14:39 | 4736889 walküre
walküre's picture

Bring it.

A healthy cleanse and rebalancing of priorities is long overdue for this society in general.

Wed, 05/07/2014 - 10:31 | 4735850 mydogisprettier...
mydogisprettierthanyou's picture

If you like your collapse, you can keep it!

Wed, 05/07/2014 - 10:59 | 4735989 Bear
Bear's picture

"You didn't build that' .... Oops

Wed, 05/07/2014 - 10:32 | 4735852 The Most Intere...
The Most Interesting Frog in the World's picture

Weather related

Wed, 05/07/2014 - 10:32 | 4735853 F.A. Hayek
F.A. Hayek's picture

George Bush's fault?

Wed, 05/07/2014 - 11:24 | 4736103 Bananamerican
Bananamerican's picture

We'll, 9/11 DID change "everything"

Wed, 05/07/2014 - 10:34 | 4735863 Agent P
Agent P's picture

Rember Janet, if they ask you a question you don't want to answer, just give them an answer to a question that you do....they're politicians, they will respect this. 

Wed, 05/07/2014 - 10:36 | 4735868 SheepDog-One
SheepDog-One's picture

She'll just say conditions are improving, now get back on those oars and row harder, damn peasants! Don't you know your place?

Wed, 05/07/2014 - 10:46 | 4735928 10mm
10mm's picture

No straw for your bricks.

Wed, 05/07/2014 - 10:38 | 4735878 Seasmoke
Seasmoke's picture

Way too much spit.  This bitch, needs that suction contraption at the dentist office. 

Wed, 05/07/2014 - 10:38 | 4735881 max2205
max2205's picture

Low rates needed to stabilize the economy....I thought that was fixed....why Janet  WHY!

Wed, 05/07/2014 - 10:38 | 4735882 Ban KKiller
Ban KKiller's picture

The FED has a  STATED mission, at which they have failed, and the unstated mission at which this chart illustrates success. Wealth to the top.

Anyone have pics of the FED police force? Black shirts no doubt.

Wed, 05/07/2014 - 10:46 | 4735932 the grateful un...
the grateful unemployed's picture

not funny when Ben was questioned by the head of Indias bank in Q&A, he was questioned about the undue effects QE had on the EM, Ben just looked at him dumbfounded, but we sterlized that, or words to the effect. the next world war will be started by fed policy probably.

Wed, 05/07/2014 - 12:10 | 4736331 ParkAveFlasher
ParkAveFlasher's picture

How interesting that the phrase "World War" only enters the collective human idiom just after the inception of the Federal Reserve.

Wed, 05/07/2014 - 10:39 | 4735889 Bahamas
Bahamas's picture

If only I could get a job scrubbing one of them latrines ...

Wed, 05/07/2014 - 10:46 | 4735931 Wahooo
Wahooo's picture

Amazon is hiring.

Wed, 05/07/2014 - 10:39 | 4735892 border dog
border dog's picture

Yellen makes the Nazi propaganda during WWII like seem like "childs play"...

Wed, 05/07/2014 - 10:40 | 4735898 El Hosel
El Hosel's picture

Just look at her go, "The Markets" are officially soothed to perfection.

Wed, 05/07/2014 - 10:41 | 4735903 TrumpXVI
TrumpXVI's picture

Let them eat cake.

Wed, 05/07/2014 - 10:44 | 4735915 the grateful un...
the grateful unemployed's picture

its the new religion, you can give a man a cake, or you can teach him to bake, market and bring his dream company public in an initial offering, and live off the proceeds forever

Wed, 05/07/2014 - 10:42 | 4735906 Vendetta
Vendetta's picture

Aren't they exaggerating that 4.2% number?

Wed, 05/07/2014 - 10:43 | 4735910 RaceToTheBottom
RaceToTheBottom's picture

I question the data.  I fail to see a way Main street could have any increase at all.

Wed, 05/07/2014 - 10:50 | 4735949 SheepDog-One
SheepDog-One's picture

4.2% increase, how, where, from what starting point?

Wed, 05/07/2014 - 10:53 | 4735964 Bear
Bear's picture

.... And how Wall Street is up only 108%

Wed, 05/07/2014 - 11:00 | 4735993 NotApplicable
NotApplicable's picture

Interest paid to banks perhaps?

Otherwise, I gotta call BS as well.

Though I'm sure Mrs. Debtfire will claim that as a success.

Wed, 05/07/2014 - 11:15 | 4736073 TrumpXVI
TrumpXVI's picture

"I question the data.  I fail to see a way Main street SHOULD have any increase at all."

 

Fixed it for you.

Wed, 05/07/2014 - 13:22 | 4736561 I Write Code
I Write Code's picture

It's the dead-cat bounce, from a selected minimum.

If you move the starting point to pretty much any year from 1990 to 2008, the main street comes out negative.  If you peel off the top 1%, even the 2009 starting point would come out negative.

Wed, 05/07/2014 - 10:43 | 4735911 deeply indebted
deeply indebted's picture

What's to explain? Banks saved, asset prices in stratosphere, financial looting is back on track. Mission accomplished.. What was the question again?..

Wed, 05/07/2014 - 10:43 | 4735913 Oro
Oro's picture

Are you kidding me.  These people do not understand that the Fed is making it as they go.  wow!!!!!!!!!!!!!!!!!!!!

Wed, 05/07/2014 - 10:55 | 4735972 SheepDog-One
SheepDog-One's picture

Well, they do have to save their own phoney baloney jobs ya know!

Wed, 05/07/2014 - 10:45 | 4735920 CHX
CHX's picture

Y: Why suffer, they're up 4% ... ?

 

/sarc

Wed, 05/07/2014 - 10:47 | 4735933 MilwaukeeMark
MilwaukeeMark's picture

What's to explain?

Wall street types give big bucks to politicans. Main street families can't.

There ...  Issue understood.

Wed, 05/07/2014 - 10:48 | 4735939 ThisIsBob
ThisIsBob's picture

Seems Fed serves its constituency better than just about any government agency going. 

(And you ain't it.)

Wed, 05/07/2014 - 10:53 | 4735960 Itchy and Scratchy
Itchy and Scratchy's picture

Think of the explosive growth in the shoe-shine industry!

Wed, 05/07/2014 - 10:53 | 4735962 SheepDog-One
SheepDog-One's picture

You peasants got your 4% increase, now enjoy that feast of crumbs from our table, damn serfs! And stop ya bitchin!!

Wed, 05/07/2014 - 11:00 | 4735998 RaceToTheBottom
RaceToTheBottom's picture

Muppets are peasants that have made it.

Wed, 05/07/2014 - 13:02 | 4736507 madcows
madcows's picture

You don't like your raise?  We'll, then, become an Entrepreneur and open your own federal reserve bank.

Do NOT follow this link or you will be banned from the site!