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Janet Yellen's FOMC Press Conference - Live Feed
While trying to avoid 'foot in mouth' disease, Janet Yellen begins another press conference. We wish her luck in explaining how great the new is that they are tapering and yet have slashed growth expectations for the year... key will be any comments on complacency (as VIX collapses to a 10 handle)...
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Someone tell "Ole Yeller" to take the chicken bone out of her mouth...
create the bubble with easy money. collapse the bubble with successive int rate increases, all the borrowers go under water enslaving them to you, many default allowing you to capture those assets people have worked their lives for, for nothing more than paper. the tentacles of the fed, their franchises, the banks, get swamped with all these assets, the owner (the fed) creates an equivalent amount of money to the bubble it created in the first place and "buys" all the "bad" mbs its tentacles have now acquired, both devaluing their debt slave's savings by that amount and capturing all those yummy house assets for the feds true owners/creators. the system called federal is working perfectly for its owners, and i know none dare call it treason but someone really should. on a side note, if the fed is a private corporation, and it is, why doesn't it pay taxes? must be a religion like apple.
the feds true dual mandate for 100 years
capture all assets through boom and bust
enslave a free people to debt.
What a scab
Are there any good hashtags we can use for this event?
@ Four Chan
Youre 100% right, USA should stand for United SLAVES of America.
FC nailed the entire scam in a matter of a few sentences.
WE should all buy him a drink tonight.
Scores?
VIX chart for those who give a shit:
http://www.marketwatch.com/investing/Index/VIX/charts
someone need to tell her to stop saying; "umm"
Also, is she out of breath?
Oh shit - Hisenrath!!!
Has he been fed Fed questions?
Everytime she says; "umm" you need to drink a shot!
Ask the wrong question, get a scorpion in your bed tonight. Simple.
Gotta feel somewhat empathetic for her postion though. It's a lose/lose type of deal. I imagine Tom Cruise feels the same way: Try your best, but the shit is just getting old.
No, she's just waiting for her handlers to tell her what to say through the ear piece she's wearing.
cheers
FC I agree however me thinks the Fed is now facing the extremely scary prospect of the US dollar getting dumped as the global currency because the woirld has had it with our fucking it up for the sake us having moar stupid shit and moar McMansions and moar ugly fat ass Mericuns!
Forgot to add.. Cause we're ceptional n stuff like dat..
its all part of the plan by the owners, if they want to hand off to china they will. there's nobody here that cares, or isn't paid off.
the system called fed, is either incompetent in the managing of the legacy congress gave it in 1913,
or a criminal organization determined to steal all of america and enslave its people to unrepayable debt.
either way the fed is a no longer welcome guest the american house. a madman dead set on destroying our home.
ps i did leave out the current climate, where the tentacles (the tbtf) has used all the new money
to buy the market with zero risk zirp funds, which is clearly the only thing driving the market.
I would assume you meant to say that the Fed will hand off everything of value to their fellow Jews. That's why we had Greenspan, Bernanke, Yellen, Summers, Rubin in charge.
no i meant hand off the the reserve status, as to the persons involved they all remain the same.
the ones at the top of the pyramid at least, your list of workers will retire rich or have a nail gun incident.
their bosses will be just fine as always.
#itwouldhavebeenbettertoseelarrysummmersatthehelmoftheFedwhenthismotherfuckercollapses
I'm a bit busy today, so I haven't counted the characters in your hashtag. Are there more than 140 characters?
#Bullish....it!
Are their any ZH reporters in the audience ready to ask questions?
Please submit your questions for Ol'Yeller here.
pedigree, or ol'roy?
Next time Tyler, put on a Stevie Liesman mask and sit in the front row and ask a few questions.
"Are their any ZH reporters in the audience ready to ask questions?"
I can see it now! "Hello, Tyler Durden, Zerohedge. All my readers would like to know, 'what the fuck?'"
WE can only hope. "I have a dream ... "
Guess TAPERING is a GOOD thing for the markets (its green) now after EVERYONE was so worried about the taper last year. I think they are setting us up for WAR is GOOD for the markets when the bombs starts flying.
it's doubtful that they're actually tapering at all. probably accelerating in fact.
The Con gress changed the 100 year mandate in 1927. The FED mandate is in perpetuity or until changed by Congress. I'm in cash waiting for the FED to go public with an IPO.
Preaching to the choir, baby.
The question is - who owns the muthafucka?
Talk up your book, baby!
"There ain't nuthin uglier than an old white woman." Fred Sanford, Sanford and Son
I told you all yesterday the chance of us going down on the FED was ZERO. Its free money, cmon what are you new?
BTFATH! 1950 S&P bitchez!
Sell! Sell! Sell!....
Print, Print, Print. The Criminal IMF, Fed, CIA State Dept. will take care of it.
yellen gives the character, Pat, from snl, a run for the money.
that's homophobic, misogynist, AND misandristic all at the same time!
listen to her and picture woody allen doing stand up. lol
dude -- you are on a roll today!
Someone throw a pie in the face of that Ponzi Munchkin.
Hillary probably throws fur pie in her face often...
Unfortunately, all the Federal Reserve has done since December 2008 is to buy more time rather than fixing the underlying economic problems that caused the near meltdown in the world's economy.
If all is well then why was the GDP forecast reduced?
We at the Fed are totally measure-driven, for a considerable time, nothing is fixed, up is down, baffle with bullshit, yada, yada, yada. Shut up bitch!
Just call this stock market "a AAA 10% Certificate of Deposit" backed by the full faith and credit of the NY FED and end this charade. Who needs to invest in the real world when you can just buy the index and not have to ever worry, right, Old Yellen?
Englands got some queer looking cunts mind,
But just where in the fucking name of Satan himself do you find someone to run the criminal reserve, that gets its mate to cut its hair with a basin bowl?
That man is so ugly, the midwife didnt just slap the bairn, she slapped the mother and father twice.
Have you got to be a retard to run things in this world now?
;-)
All I saw was a talking catcher's glove.
https://www.youtube.com/watch?v=5D5oKEVqQJg
I have no idea what you just said, but it was funny as hell.
"Bairn"...lmao
ParkAve,
'Bairn' is English 'Geordie' for baby.
Teck the durg fora warlk mane.
;-)
Seems like Kevin Henry at the NY Fed was pissed of that the long bond yield was crashing and made a quick "adjustment" to the free market.
ARGHH. The voice, the nonsense, the babble.
Can't. Take. Much. More.
"Steve Liesman, CNBC, can I please eat your pussy? Oh, I'm sorry, was that out loud?"
Just when was the last time the US economy exceeded the Fed's economic forecast?
Someone needs to ask Janet Yellen who the this mysterious tresury buyer in Belgium is ??????
There's my favorite FED employee/spokesperson in his usual front row seat, the one and only Steve, what's in a name, Lies man.
........ so Belgium is buying more treasuries then??
YUM! :P
She should be doing Perdue Chicken commercials.
It does take a tough man to make a tender chichen.
unemployment has declined - LMFAO - labor participation is in the tank
50M on food stamps
Q2 GDP is going to suck - choke on it Yellen
Tool box
"and the fed will continue to have a large book for some time"
Until they put it all in bitcoin, mail it to themselves, and then delete the email.
The thing that makes me sick is that they really think they(Federal Reserve) can make some difference in a positive way.
Yet all they do is create harm.
They produce nothing and they add no value.
Wait did she just say Launderation?
"as the economy picks up..."
You missed it, that was three or four years ago.
Mama Smurf looking old with the Gray Top.
"As the economy picks up"
hahahahahaha
So. So. So. So. So. So. So. So. So.
belgium...ask the question
Tom Jones wore that same jacket back in the 1970's. That is a fact.
She actually said that the market is not overheated broadly based on earnings and dividends. WTF does that mean......
So the story regarding exit fees and/or gateing investors in to funds is being handled by the SEC. Appears to be fact...
They must have got the idea watching Wolf of Wall Street!?
New to comment, but QE policy is really a Marketing or PR statement. What FRB really trades is different. The FRB was buying 3b or more MBS and 10b agencies day in '06 before QE1 was around. Most investment bankers know this. Kinda like Disneyland all fun and games on the surface, with a whole slew of tunnels and security guys below or behind the scenes. That is why a lot of market behavior makes no sense, "heh, lets taper again and GSPC climbs public statements is just marketing PR BS."
Behold Bernankies exit plan.