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Yellen Supports Draghi's QE, Warns Of Heightened Volatility
Speaking from The Bank of France is crap-covered Paris, Janet Yellen stated that "bond purchases have ben effective", and encouraged Mario Draghi to print moar, noting "central banks need to be prepared to employ all available tools, including unconventional policies, to support economic growth and reach their inflation targets," but warned from the other side of the her two faces, that, "policy normalization will lead to heightened volatility."
This...
Effective?
Forget the Facts...
- *YELLEN: FISCAL POLICY MAY BE MORE EFFECTIVE WHEN RATES AT ZERO
- *YELLEN: RECENT ECB BANK STRESS TESTS IMPORTANT FOR CONFIDENCE
- *YELLEN: SUPPORTIVE POLICY STILL NEEDED IN SLOW GLOBAL RECOVERY
- *YELLEN: POLICY NORMALIZATION MAY LEAD TO HEIGHTENED VOLATILITY
- *YELLEN: SPEED, TIME OF NORMALIZATION MAY DIFFER ACROSS NATIONS
- *YELLEN: POLICY NORMALIZATION WILL BE IMPORTANT SIGN OF HEALING
As Bloomberg reports,
Federal Reserve Chair Janet Yellen said central banks must do whatever it takes if governments won’t use the public purse to invigorate economies struggling with low growth and below-target inflation.
“Central banks need to be prepared to employ all available tools, including unconventional policies, to support economic growth and reach their inflation targets,” Yellen said in the text to be delivered today at a Bank of France event in Paris.
...
“Given the slow and unsteady nature of the recovery, supportive policy remains necessary,” Yellen said in a reference to the aftermath of the global financial crisis.
...
“Central banks have been considered the only game in town,” he said. “We all know central bankers do not act in a vacuum.”
Yellen said bond purchases have been effective.
"With policy rates at or approaching zero, central banks of necessity turned to unconventional policy tools such as large-scale asset purchases,” she said. “These unconventional tools have, in my opinion, served to support a recovery in domestic demand and, as a consequence, global economic growth.”
* * *
She sounds desperate...
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bond purchases have BEN effective, is that a freudian slip?
lol, yes, in the sense that dozens of foreign central banker are wishing Ben was back. Mistress Yellen is yanking heavily at their chains by means of a different policy on dollar FX swaps. funny how underreported this "New Janet Style" is, at the moment
I get this sneaky feeling that they're lying to us and that all this shit isn't really helping any of us at all...
I dunno...just a feeling. Maybe I should just ignore it. Ooh, hey, look...Kim Kardshian's big fat ass is on the sheep-tube. yaaaaaay...
Anybody else read that as "Yellen Supports Drag Queen?"
No disrespect to grandmas all over the world but this old jhag needs to be taken out for good.
.
You mean thing stick out like:
Money going to the few
- Stagnant Capital
- Monetary Leakage
- Economic Leakage
- Labor Demand is Chronic Problem
- Most Industries that paid well are in decline
- There aren't that many jobs in Drilling & Mining
- Smartest People go into Finance which doesn't produce anything
- US Engineering is lower and flat, specializing in Weapons mostly
- Corporations are getting larger, giving them not only power over pricing & Distribution, but also over government, legislation, and industry employment
Does it matter anymore ? She can carry on painting the Titanic any color she likes.
The paradigm shift is here, the current one is kaput.
All the CB's actions are merely attempts to position for after that event.
They will be fine,us, not so much.
Kaput does not mean dead. Remember: this is a very slow process until the end, then it will happpen all at once.
It has already been a very long process.44 years, and they have been planning
for it all that time. This year is not over yet, and the shift will be sudden.
I wish someone would let the algos know.
"policy normalization"? Janet doesn't to worry about that, it will never happen, ever. Unless you call a complete collapse 'normal'.
“Central banks have been considered the only game in town,” he said.
POTUS was right - she's a man...
*YELLEN: FISCAL POLICY MAY BE MORE EFFECTIVE WHEN RATES AT ZERO
MAY? MAY??
Dying to hear how the word "MAY" instill's confidence.. In anything...
**YELLEN: WE DON"T HAVE A CLUE
One would think she could come up with a original idea
why would anyone think that? she's a classic silver spoon bitch from birth. never had a real job in her life and all she can do is regurgurgitate shit she's read from books discussing "classical economics". she's literally about as dumb as they get.
All by design, of course.
Think of these fools as firewalls for those that know better.
Yup, right up there with a 50% chance of rain.
mr yellen fucks us all thru da glory hole
"There ain't nuthin uglier than an old white woman." Fred Sanford, Sanford and Son
JPMorgan to cut 3,000 more retail banking jobs
| Reuters
REPEAT AFTER ME " THE ECONOMY IS STRONG "
http://aramgroup.ir/psychology/images/stories/hypnotic20.gif
The farce is strong in this one (2 sec):
http://www.youtube.com/watch?v=Iyr74Rs6BWU
Useless fuckers, No mention of Japans extensive 20 year run of QE failure. fucking thieving retards
These central bank cocksuckers should be creeping around in the shadows of night fearing disembowelment rather than pontificating in front of everyone about how they have to give the bankers more.
pods
Ya, policy rates near zero is very stimulating. In actuality, the reason they are at zero is because the entire ponzi is insolvent and on borrowed time. Interest is a rate over time, so since you won't raise rates, you are just buying time until default.
But prove me wrong Mr. Yellen, and raise rates. Stop talking about it and just do it already. Stop bullshitting and walk the walk!
YEARS ago Dallas FR president dick fisher made a very good point.
keeping rates low (and forward guidance on low rates for years out) had the effect of allowing business to sit on hands and see how things shake out.
Why invest now, when you can invest a year or two down the road at same low rate (especially if CURRENT demand low)?
Put the fear of raising rates out there ... and business will invest NOW to lock in low rates
morons
You're ignoring the fact that they are "investing now to lock in low rates." Instead of capex though, they're buying their own stock at all time highs.
Capex is driven by forecasts of sustainable demand. Of which, there ain't none.
Yellen is passing around confidence in a Sound Bit today on the radio... saying we are emerging from long recession as jobs added looks good.
Instead of acting like a Private Corporation, he job description seems to be to imitate a diplomat or government official... as part of the Propaganda.
- Decapitalization, Brain Drain, Outsourcing, Off-Shoring
- No CAPEX
- Executive Compensation Growth = Corporate Looting
- Government Capture, Regulation Capture, Swinging Doors to Industry
- Robotics, Automation taking Jobs
- Huge Black Market Labor Force
- Huge Shadow Banking Sector
- Most Expensive Health Care & very Expensive College inflation
- Demand for US Property, Securities, and Resources will push prices even higher
- Inflation in Bribing US Politicians will drive inflation in other sectors as well
Predict in 10 years 300 of the biggest corporations will no longer be US Flagged, they will switch to Foreign, taking More Capital with them, and Bankers may be among them
It's a chicken and the egg argument. But, there is not doubt that zero rates puts a massive disincentive for these companys to put their money at risk in the real economy when they can just ride and/or front-run the Fed's actions for free.
Create inflation... world is crazy.
Just like back in the 1930s, when people looked at the four idiot central bankers who broke the world during the 1920s, in the near future the literature won't be complimentary of these 4 idiots and their madman/woman policies who created no good and a sea of unemployment, misery and dashed hopes for the younger generation.
Thanks Obama, Bushes and Clinton(s).
"central banks need to be prepared to employ all available tools, including unconventional policies, to support economic growth and reach their inflation targets,"
hogwash
the "Recovery" has been DESPITE Federal Reserve's intervention, not because of
student loan moonshot, subprime auto back to 2006 peak, fedgov outlays ... 2008 $2.8 trillion ... currently $3.5 trillion, 3 card monte re housing, forced spending ACA, etc
whatever help FR "may" have been (wealth effect) ... more than offset by financial repression of the masses
"reach their inflation targets"
QE/ZIRP disinflationary ... deflationary when asset bubbles burst.
moron
At this point you have to be pretty dogmatic to think we are not hyperinflating all Western USD linked currencies. I caution the deflationists that Weimar had massive debt problem. They were not printing for fun.
Deflation on tap for near/mid term ... and then? hoo knows (will be determined by policy choices not yet made.)
you may eventually be right. But i'm not buying 'weimar' for two reasons ... 1) back then 'wheelbarrows' used to carry $$s ... now the "printing" is locked up in excess reserves ... not in the masses hands. 2) germany was printing back then ... and who else? EVERYONE printing now ... offsetting one another.
meh
A loss of confidence is a loss of confidence, whether in one paper promise or a hundred.
it is a fiat world, baby
there ain't no gold backed currency to turn to if you lose confidence
as bad as the USD might seem ... rest assured it is better than any other currency of a major player
Crawl back into your hole you wicked witch.
speaking of vol ....
when will the currency wars take down a large, wrong-footed, yield tweeking fund / s.o.e ? 3.... 2.... gulp ......
Of course she encourages Mario to pick up where she left off now that QE is officially over. Who will keep the global ponzi running otherwise? Expect a big purchase of American debt again from Belgium... This circle jerk has become so easy to predict because its all they got.
Belgians don't appear to like the austerity measures that go along with the EU's monetary policies...
http://www.globaldeflationnews.com/new-belgian-governments-austerity-pro...
:vomits:
Translation; "You have no choice Mr Draghi so print moar along with the rest of us"
Of course she does. She has to. She's on the list.
Fuck you Mr Yellen. In the ass. With a hedgehog.
I used to make about $40,000/year in interest, now I make around $825/year.
We (family of 3) have a grandfathered health insurance plan with a $10,000 deductible tied to an HSA. Looks what's happened:
2013 $519.97/mo
2014 $616.01/mo
2015 $846.15/mo
It's gone up 64.5% in 3 years. This plan is ring-fenced. The rates are based on a "grandfathered population." It is NOT eligable for new members...there is no chance for this to get better. The cost will ONLY go up.
In 10 years my son's college fund will be gone.
I feel like I'm taking crazy pills. Fuck Yellen.
Good thing you have assets. That's her advice: you need assets. Who else qualifies to run that chicken-sh_t outfit?
Feel for you man. No Hope and only Pain, I'm afraid. This country has been taken over by the corporate elites and is protected by the government. Everything is rigged.
http://www.rollingstone.com/politics/news/the-9-billion-witness-20141106
When you start having "inflation targets" and "large-scale asset purchases... to support a recovery in domestic demand", knowing how the BLS CPI figures are totally banjaxed, acid-tripping hallucinations and buying your own debt is like a hermaphrodite fucking itself to have babies - you know the bitch is totally mad.
Too many people, too many corporate entitlements, too many TBTF banks, too many wars, too much corruption, too much debt against too little revenue. Simple really. Everything becomes unserviceable and those of us linked to the USD get poorer. So do what the oligarchs are doing - buy up tangibles and PMs while the USD is strong. Then watch the whole thing collapse from a safe distance
The US will use EU as a reason why QEn continues
OMG! Yellen, you STUPID TWAT! You will NEVER get that desired inflation, NEVER!
Where the hell did this bitch go to school, anyway? Was it advertised on the back of a matchbook cover?
People like you do NOT 'create inflation', Mrs. Yellen. You have NO power to force anyone to buy anything at any price.
Fiddle with that thermostat all you want. As long as all the windows are open, the temperature will continue to decline.
Until one of you morons decides to close those windows first, you're just wasting everyone's time.
And I can't WAIT till you get the next heating bill, you dumbass! FYI: Don't even ASK me to kick in, I'll just laugh in your face.
You want inflation? Send everyone an income tax rebate check for the last ten years of collections. Payoff and forgive all student loans.
You want inflation? Send everyone an income tax rebate check for the last ten years of collections. Payoff and forgive all student loans.
There is no 'formula' for inflation. Your suggestion would help a lot of people, for sure. But that doesn't mean they go on a spending-spree again.
Inflation and deflation are primarily psychological phenomenon, not monetary or fiscal. There ARE no 'right' numbers that get you there, no policies you can put in place. They both come from the mood of the consumer, and is out of reach of Fed policies.
TPTB are right to fear deflation. Historically, it is a MUCH tougher nut to crack than inflation. When the consumer snaps his wallet shut, it usually means he's gotten serious. People who have been traumatized financially almost NEVER return to free-spending ways unless they get a windfall of some kind. Now ask yourself how many of those consumers are LIKELY to get one?
Most folks end up like our grandparents after the depression...pinching pennies decades later, and long after the need to do so.
Hey yellen, spell deflation. C'mon you can do it you stupid detached fuck!!!!!!!!!!!!!!
Why are we allopwing unelected Bankers to dictate Monetary policy which debases National currency, causes huge deficits and allows Bankers to determine inflation as well as employment targets. Probably because elected officials do not wish to be accountable. Therefore Bankers and their Corporate clients determine Economic policy for th US. Did I miss something ?