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Yellen Testifies To The Senate - Live Webcast
Reflecting proudly on how her words were received (surprise!) dovishly yesterday during her congressional hearing (and stocks closed green), we are sure Fed Chairmanwoman Janet Yellen will be brimming with "nothing can stop me now" confidence as she heads into the ring with the Senate Budget Committee. The big headline from yesterday's Q&A that "the recent flattening out in housing activity could prove more protracted than currently expected," will we are sure be caveated with excess hope and exuberance today as yet another set of politicians attempt to pin her back down to 6 months. The biggest thing to watch, we suspect, if she reiterates her "sell small caps" recommendation...
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Yesterday's prepared remarks (in algo-readable format)
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ready, aim, fire!
One of the things I want to see our Federal Reserve pay a lot more attention to is crypto-terrorism. In particular, it's about time that we started regulating the use of dangerous crypto-currencies such as 'bitcoin', which have received a lot of attention from the press lately. We already have a national currency, so what reason could people possibly have for transacting in crypto-currencies other than to conceal criminal activity?
You getting worried about crypto-currencies MDB? You should!
MDB, please remove(-Bo) from your name and insert (+A) and your posts will be far better received
or remove "nus" and add "zo"
so when did moe dye his hair?
Yellen - what a disgusting clueless cunt!
Fuck you, Yellen! And fuck you, Bernanke!
Looney
MDB,
Did you miss the sarc tag there?
DavidC
No DavidC....that's his thing and he's good at it.
Consider it implied satire moving forward.
Unless of course you are concealing transactions from the criminals.
I'm more concerned about fraudulent companies like Herbalife and their distributors (hint hint).
I know it's early, but try to be more funny please.
"We already have a national currency, so what reason could people possibly have for transacting in crypto-currencies other than to conceal criminal activity?"
In order to keep our resident BiTroll, phonestar, solvent.
I wish we didn't have a national "currency."
Ah MDB I see you read the memo from the head of your troll department.
"New strategy announcement.
Since our MSM PR campaign failed to meet sales targets, as of today all troll's have to paint BTC as a danger to government on all blogs.
Happy trolling - Ministry of truth"
"to conceal criminal activity?"
Laugh track growing louder, louder, deafening, speakers just blew out whew!
Haven't we heard enough?
wake me when she's dead....
Rumour floating across the Capital this A.M. is...
Michelle is considering running for POTUS.
Oh great, Wookie foreign policy.
<shudder>
pods
He would make a great reader.
The Welfare Rats in Chief gotta keep those multi-million dollar vacations coming somehow.
If we can just drive out the small caps from the economy, have those dollars and sales flow to the big caps, then we can just keep moving higher and higher.
Who cares if we stifle job creation and product ingenuity?
Sacrifices MUST be made.
Ponzi scheme bitch.
I'm trying to keep my breakfast down...
Her voice annoys me to much to listen to her...and the Politicians strutting their lack of knowledge really makes me mad....so stupid....just reading what someone has written for them...
"The biggest thing to watch, we suspect, if she reiterates her "sell small caps" recommendation..."
Makes sense since small caps is where REAL MEASURABLE JOB GROWTH BEGINS. I mean what the hell will they do with all those FEMA camps if there is real job growth?
Needs laugh track.
The "Housing Sector" at any and all costs - sounds like a job for "negative real mortgage rates" and we all know how to get there.
Unless NINJA loans on steroids return, which I doubt, Housing Bubble 2.0 is toast. Bubble areas are back to 2007 prices, wages are down and food and energy costs are skyrocketing. Ultimately the FED gives a shit about housing. Up or down they'll proceed in whatever direction serves the Big 4 banks interests.
Time to sit for that "Certified Appraiser Licencing" exam?
What a joke
That door in the back of the chamber is about the size of the door traders will be trying to squeeze through when the markets blow up...
"I appreciate this opportunity to discuss the current economic situation and outlook along with monetary policy before turning to some issues regarding financial stability."
Translation:
"I recognize your authority to continue to provide the illusion that the Federal Reserve's counterfeiting mechanisms which in fact exhibit a long train of abuses and usurpations pursuing invariably the same object are honest and just and not at all contradictory to our Constitution.
...But look not there and instead let us walk over here, shall we? "
If I had a tumor, I'd name it Yellen.
Hey grandma Yellen, What do you think about High yield? Is it getting a little bubbly? Should I add exposure or get out?
Remove all those silly questions from your head son. Grandma has it all under control. Here have a cookie.
"Hey Janet, here are a ton of really good questions. You don't actually have to answer them."
You can't make this stuff up?
We need moar yellen, foward bitches!
It's nice that the owner of the equity markets is now providing buy/sell recos - what about the tech sector Ms Debtfire? Do you feel this is a sell too, or more of a 'buy the dip' opportunity?
Ms Debtfire....and Moe Howards daughter?
Mother.
They should practice reading their prepared, by their superiors, statements before going live. Look at her making believe she didn't read his script ten times over last night.
look at the fucking Dow...
Rigged.....
But this year, "sell in May and go away" is the year that old saw has sharpened teeth.
Any chance the FED can stop helpin' the little guy? They can't take much more!
Undermining the FEDS credibility !! WTF , that's Gold jerry, GOLD.
Why does Yelloen keep nodding, has some got remote control or has somebody got their hand up her sphing sphing
So she lied, just like all the predecessors.
I would so love to have George Costanza question her...
Be a man, bitch....raise interest rates!!!
Won't happen until gold spikes and/or the USD collapses, but at that time it's too late and game over. Higher rates will lead to default on US debt and thus more QE and further economic contraction all of which will not help at that point in time. So, it's S.O.S. until it all comes crashing down faster than most think possible IMHO.
I am well aware of that fact. I want that to happen, just raise rates, stop lying, bitch!
A room full of liars, filling the air with lies, in word and deed.
They should replace the gold chain around her neck and replace with a nicely embroidered yellow star.
A slow grind down for the middle class as they transfer more wealth to the 1%.
More banks. Banks everywhere. Who needs manufacturing whe all you need are more financial companies.
Yellen is another useless leech on the board of leeches.
"the recent flattening out in housing activity could prove more protracted than currently expected,"
Translation: All those boarded up bank owned houses can never be sold lest their true values be revealed.
The good news is the construction sector gets a boost from boarding up windows and doors.
Why not just sell those houses rather than let them just sit idle and deteriorating, property taxes, vandalism, etc.?
Oh yeah, marked to fantasy becomes marked to market and the banks(and hedge funds) balance sheets implode like a death star.
Woohoo! Great news for the rich: Interests Rates frozen at zero for another 5 years!
The bad news for seniors & retirees : Price of dog food is rising!
Of course mainstream bitch-whore media wouldn't televise this because well... they don't want suckers err. investors to know what's really going on.
SO...............................I don't really know what the hell I'm talking about but I'm just a sweet 'ol grandma SO, be nice to me and LOVE the Fed
Lol, listening to Mr Yellen squirming on salary. Can't believe Grassley just described the Fed as a public institution and the chair as a public servant!!
This Senator believes the FED is a Public Institution!
Do any of them think for themselves?
Not just me then?! Unbe-fkn-lievable
DEFLATION! LOWFLATION!
Prices are rising too slowly*, we need to boost inflation back to it's 2% target
*excluding food, gas, education, healthcare, housing
Let them eat iPads
WTF!!! I WAS WATCHING THE VIDEO FROM YESTERDAY !!!
REALIZED WHEN SOME SENATOR STARTED WORRYING ABOUT HIS DAUGHTER JOB PROSPECTS (HEARD AND REMEMBERED YESTERDAY)......
TELLS YOU ALL YOU NEED TO KNOW ABOUT THIS ECONOMY......
GREAT JOB FROM SEN SESSIONS... HE REMINDED EVERYONE HOW ANOTHER FORMER CENTRAL BANKER WAS ANOTHER DOUCHEBAG, FORECASTING THE USA WOULD PAY OFF ITS DEBT BEFORE THE END OF THE DECADE IN 2002.... WHAT-A-DOUCHE !!!
YET EVERY TIME THOSE GUYS TALK THE MARKETS RIP OFF OON THE UPSIDE...............
WHAT IS IT? INSIDER TRADING? MANIPULATION FROM BANKS? ENDLESS HOPE IN SUPER HEROES SUCH AS CENTRAL BANKERS???...
Arrest her. Don't let her get away. She is helping the banks attack the United States. I think it is treason; financial terrorism; crimes against humanity.
I would like to see someone bust in with a whip and overturn the place. Oh wait, that's been done already.
.