This page has been archived and commenting is disabled.

Janet Yellen's Last (Considerably Confused) FOMC Press Conference Of 2014 - Live Webcast

Tyler Durden's picture




 

Having added further confusion to the markets by keeping "considerable" and adding "patient", suffered 3 dissents (1 dove, 2 hawks), and explaining that the energy price drop is "transitory", we suspect Fed Chair Janet Yellen will have some 'splainin' to do during today's press conference. Is "patient" longer than "considerable time" and just what (Dow Jones Industrial Average) data is the Fed dependent on now?

Live Feed:



Broadcast live streaming video on Ustream

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 12/17/2014 - 15:28 | 5564296 nope-1004
nope-1004's picture

Dude looks like a lady

Wed, 12/17/2014 - 15:33 | 5564314 TruthInSunshine
TruthInSunshine's picture

Sounds EXACTLY like Woody Allen.

Looks like chubby Moe Howard.

Wed, 12/17/2014 - 15:34 | 5564321 Latina Lover
Latina Lover's picture

And is uglier than both.  She really shows her reptile genes, LOL

Wed, 12/17/2014 - 15:38 | 5564352 Pool Shark
Pool Shark's picture

 

 

I wonder if he (Yellen) is related to Ruth Buzzy Ginsburg...

 

Wed, 12/17/2014 - 15:44 | 5564395 thamnosma
thamnosma's picture

I can't wait for Obama to try and load up on young communists to replace the dying ones on SCOTUS

Wed, 12/17/2014 - 15:48 | 5564427 max2205
max2205's picture

Ben was a liar. Janet is stupid.  NY accent doesn't help

Wed, 12/17/2014 - 16:05 | 5564535 nope-1004
nope-1004's picture

All Fed officials and TBTF bankers lie.  The system is insolvent.  They need to lie or the ship sinks.  Otherwise, why hasn't the "accommodating policy for a year or two", first stated in 2009, ended?

The system is totally insolvent.  They MUST lie, as reality is bankruptcy.

 

Wed, 12/17/2014 - 16:11 | 5564568 Divided States ...
Divided States of America's picture

Some folks are making a killing with these moves in the markets lately....I am sure 'privileged folks' like Steven Cohen, Bill Ackman, David Tepper, Carl Icahn and Larry Fink are having a field day today with the testimony transcript they received this morning.

Wed, 12/17/2014 - 16:26 | 5564640 scrappy
scrappy's picture

End debt money, it's the only way out folks.

https://www.youtube.com/watch?v=oNyGn7F6tmg

Wed, 12/17/2014 - 15:47 | 5564431 Hard1
Hard1's picture

A full 45 mins after the statement Bloomberg has not corrected both wring pieces that say that they dropped "considerable time".  Probably this two news have been forwarded ad tweeted millions of times by now!

Wed, 12/17/2014 - 15:45 | 5564412 TruthInSunshine
TruthInSunshine's picture

Hilsen-cock with the 1st question.

LIESman on deck!

Wed, 12/17/2014 - 15:42 | 5564370 ZerOhead
ZerOhead's picture

Say... speaking of "considerably longer"... how much longer is that temporary measure back in 2008 that turned the investment banks into "Financial Holding Companies" so they could access free FED cash going to last?

Wed, 12/17/2014 - 15:46 | 5564396 Pool Shark
Pool Shark's picture

 

 

You just need to be 'patient"...

and Yellen will be "Dr. Howard, Dr. Fine, Dr. Howard."

 

 

Wed, 12/17/2014 - 16:12 | 5564480 hedgeless_horseman
hedgeless_horseman's picture

 

 

...speaking of "considerably longer"... how much longer is that temporary measure back in 2008 that turned the investment banks into "Financial Holding Companies" so they could access free FED cash going to last?

Not to mention the Fantasy Accounting Standard's Board (FASB) "temporary" replacement of Mark-To-Market with Brian Moynihan's favorite accounting standard, Mark-To-Unicorns-and-Rainbows.

 

April 2, 2009

  


“Hopefully, the market for these debt instruments will once again begin functioning normally and obviate the need for the use of this guidance,” said Philip Santarelli, CPA, a member of the AICPA Private Companies Practice Section (PCPS) Technical Issues Committee (TIC), which filed comment letters on the fair value proposals.

 

http://www.journalofaccountancy.com/news/2009/apr/20091601.html

That was 5 1/2 years ago, for those keeping score at home.


Wed, 12/17/2014 - 16:00 | 5564513 freedogger
freedogger's picture

Her husband must be considerably patient...

Wed, 12/17/2014 - 15:48 | 5564432 oldmanofthesee
oldmanofthesee's picture

I was thinking.....sock puppet.

Wed, 12/17/2014 - 15:55 | 5564473 Dave Thomas
Dave Thomas's picture

She's holding one of those multi ink pens that has the four different colors, black, blue, green, red. I had one of those in the 3rd grade and thought it was the coolest thing ever!

Wed, 12/17/2014 - 15:50 | 5564449 Stoploss
Stoploss's picture

** YELLEN: NOTHINGS CHANGING, WE CHANGED A WORD, THAT'S IT.  WE CAN NEVER EVER RAISE RATES. WE CANNOT TELL YOU THAT. **

Wed, 12/17/2014 - 15:33 | 5564316 Hippocratic Oaf
Hippocratic Oaf's picture

CANT
HANDLE
VOICE! 

Wed, 12/17/2014 - 15:36 | 5564325 jbvtme
jbvtme's picture

this lady's kisser reminds me of a kosher pastry. "sir, will you have coffee with your glazed donut"?

Wed, 12/17/2014 - 15:45 | 5564356 TruthInSunshine
TruthInSunshine's picture

Janet Yellen is really Kyle's cousin from South Park:

https://www.youtube.com/watch?v=73yZQK-T_78

Wed, 12/17/2014 - 15:51 | 5564462 Headbanger
Headbanger's picture

QUIT IT!  YOU';RE KILLING ME!!

Time for tequila...

Wed, 12/17/2014 - 16:12 | 5564550 cowdiddly
cowdiddly's picture

Santa looked a lot like daddy

Daddy looked a lot like him

He did'nt come down the chimney

Mama just let him in.

The Tractors

sorry could'nt hep meself

Wed, 12/17/2014 - 16:00 | 5564507 ebworthen
ebworthen's picture

Where did I put that aluminum baseball bat!?!?

Wed, 12/17/2014 - 15:34 | 5564298 knukles
knukles's picture

When I lost 30 lbs, my penis got larger.  I'm not sure if it was longer for a considerable time or if I should just be a patient.
Jesus H Fucking Christ, who the fuck cares anymore?  Yes, nope, up, down, good, bad, bad is good, maybe, good is bad, sometimes, probably, if and yer butt, its racist, the lending standards are too lose, too tight, just right, in-between, maybe, maybe not, whatever, not whatever, considerable, like uh you know, uncosiderable, what if, what if not, what do I know that I don't know that's impossible or some such shit or shinola.
This whole goddamned thing is like trying to listen to Max Waters or that guy who asked if Guam was gonna tip over, FFS.

Wed, 12/17/2014 - 15:49 | 5564438 TruthInSunshine
TruthInSunshine's picture

Did you hear her time-travel speak?

WTF?!! HAHAHAHAHAHAHAAAA!!!!

Wed, 12/17/2014 - 15:49 | 5564443 inhibi
inhibi's picture

Haha, wow you captured how Old Yeller speaks perfectly! She never answers anything and ALWAYS says things like, "the timing of the normalization will be determined by the commitee when the time is right that the commitee will know when the normalization will occur when the time is rigt" soooooo basically, none of you old assholes knows shit about anything.

Only in America is BS prized over all else

Wed, 12/17/2014 - 15:30 | 5564302 DeadFred
DeadFred's picture

She'd better do a good job. If the market fades yet another ramp job how will we keep up those animal spirits?

Wed, 12/17/2014 - 15:32 | 5564308 Yen Cross
Yen Cross's picture

  I get better intel from black & white reruns of the "Three Stooges" on Sunday mornings.

Wed, 12/17/2014 - 15:40 | 5564343 knukles
knukles's picture

Nyuck nyuck nyuck... wooow woow wooow whoop!  Boing  Owch.  Phhhhht.
With only Curley dissenting.
For no reason other than to make things more fun.

https://www.youtube.com/watch?v=LSRQfdtSJSA

Wed, 12/17/2014 - 15:43 | 5564369 Pool Shark
Pool Shark's picture

 

 

Yellen: "I was a victim of Soycumstance!"

 

[As he (Yellen) continues to speak, the market continues to drop...]

 

Wed, 12/17/2014 - 16:00 | 5564522 Eyeroller
Eyeroller's picture

Curley dissents on cue so he can get poked in the eyes by Moe Yellen.

"Wiseguy, eh??   Ruff!  Ruff!"

Wed, 12/17/2014 - 15:31 | 5564311 Australian Economist
Australian Economist's picture

Yellen speaking, bullish for earplugs

Wed, 12/17/2014 - 16:04 | 5564529 Eyeroller
Eyeroller's picture

And BLINDFOLDS!

Ugly to the core, even if it's only audio...

Wed, 12/17/2014 - 15:31 | 5564317 KnuckleDragger-X
KnuckleDragger-X's picture

BOHICA for Chrstmas.....

Wed, 12/17/2014 - 16:07 | 5564319 Just Take It All
Just Take It All's picture

How many marbles does Mr. Yellen store in his mouth?

EDIT: Oh, right, those aren't marbles, those are his balls.

Wed, 12/17/2014 - 15:34 | 5564322 Seasmoke
Seasmoke's picture

On a long enough timeline... Just be patient .

Wed, 12/17/2014 - 15:48 | 5564323 TruthInSunshine
TruthInSunshine's picture

Watch the "markets" nosedive after 3:30

edit - HAHAHAHAHAHAHAA!!!! LOOK AT IT FADE AWAY LIKE A FART IN THE WIND!!! JEW "MARKETS"

Wed, 12/17/2014 - 15:33 | 5564326 Jstanley011
Jstanley011's picture

"Im good enough, I'm smart enough, and doggon it, people like me."

Wed, 12/17/2014 - 16:29 | 5564658 tenpanhandle
tenpanhandle's picture

They certainly do in Minnowsota (elected that clown Al Franker twice).

Wed, 12/17/2014 - 15:34 | 5564329 buzzsaw99
buzzsaw99's picture

it depends on what the defintion of "be" is

Wed, 12/17/2014 - 15:34 | 5564334 Frank N. Beans
Frank N. Beans's picture

"considerable time" = don't hold your breath

"patience" = we can hardly wait!! 

Sounds like FED thinks we are impatient for higher rates!?

 

Wed, 12/17/2014 - 15:35 | 5564336 Sutton
Sutton's picture

Here comes Bubbe

Wed, 12/17/2014 - 15:35 | 5564337 Yen Cross
Yen Cross's picture

 If the Yellen really want's to boost the economy, she'd should hand out free " Bowls 'R' Us" haircut coupons for everyone.

Wed, 12/17/2014 - 15:37 | 5564345 Thomas Aquinas
Thomas Aquinas's picture
excerpt from the book Tragedy and Hope A History of the World in Our Time by Carroll Quigley, 1966 Pg. 326-327: It must not be felt that these heads of the world's chief central banks were themselves substantive powers in world finance. They were not. Rather, they were the technicians and agents of the dominant investment bankers of their own countries, who had raised them up and were perfectly capable of throwing them down. The substantive financial powers of the world were in the hands of these investment bankers (also called "international" or "merchant" bankers) who remained largely behind the scenes in their own unincorporated private banks. These formed a system of international cooperation and national dominance which was more private, more powerful, and more secret than that of their agents in the central banks. This dominance of investment bankers was based on their control over the flows of credit and investment funds in their own countries and throughout the world. They could dominate the financial and industrial systems of their own countries by their influence over the flow of current funds through bank loans, the discount rate, and the re-discounting of commercial debts; they could dominate governments by their control over current government loans and the play of the international exchanges. Almost all of this power was exercised by the personal influence and prestige of men who had demonstrated their ability in the past to bring off successful financial coupe, to keep their word, to remain cool in a crisis, and to share their winning opportunities with their associates. In this system the Rothschilds had been preeminent during much of the nineteenth century, but, at the end of that century, they were being replaced by J. P. Morgan whose central office was in New York, although it was always operated as if it were in London (where it had, indeed, originated as George Peabody and Company in 1838).
Wed, 12/17/2014 - 15:37 | 5564349 FreeShitter
FreeShitter's picture

We Jewed some folks

Wed, 12/17/2014 - 15:39 | 5564353 Puncher75
Puncher75's picture

She is successfully wrapping herself in an impenetrable veneer of acronymns, nonsense and blather. 

Wed, 12/17/2014 - 19:53 | 5565838 xtop23
xtop23's picture

The Maestro would be proud

Wed, 12/17/2014 - 15:38 | 5564355 SparticusUK
SparticusUK's picture

Baby, baby, baby,,,,, shh.

Wed, 12/17/2014 - 15:40 | 5564360 Conax
Conax's picture

I liked the mini drive-by when the show started.  Heavy volume, many algos have jumped into the fray, they are merciless little buggers.

Wed, 12/17/2014 - 15:40 | 5564373 FreeShitter
FreeShitter's picture

Cliff notes: This shit show must and will go on. Merry Christmas.

Wed, 12/17/2014 - 15:42 | 5564376 SparticusUK
SparticusUK's picture

What's really un-nerved me is she's one of the least scary people in the room. :[

Wed, 12/17/2014 - 16:06 | 5564545 Eyeroller
Eyeroller's picture

The others must be pretty bloody scary, then.

Wed, 12/17/2014 - 15:42 | 5564379 richiebaby
richiebaby's picture

The stupid bitch has been told not to deviate one word from her script. If she trys to adlib, she runs the risk of going full Biden and the markets will tank

Wed, 12/17/2014 - 15:51 | 5564453 NotApplicable
NotApplicable's picture

Describes pretty much any poltico these days. Which is why I'm expecting the two parties to start recruiting harder from Hollywood, where all the credible actors are. George Clooney didn't marry that beard of a human-rights lawyer for nothing, ya know.

"I... am a man, of constant sor-row!"

Wed, 12/17/2014 - 15:59 | 5564504 ThisIsBob
ThisIsBob's picture

+1 for "full Biden."

Wed, 12/17/2014 - 15:43 | 5564387 stinkhammer
stinkhammer's picture

by the time of liftoff!  one of these days Alice!  Print to the moon!  Liftoff

Wed, 12/17/2014 - 15:44 | 5564390 Jstanley011
Jstanley011's picture

Ook.

Wed, 12/17/2014 - 15:46 | 5564405 Hammerabi
Hammerabi's picture

nice 'do hilsenrath

Wed, 12/17/2014 - 15:46 | 5564409 thamnosma
thamnosma's picture

Zero interest rates forever....

Wed, 12/17/2014 - 15:46 | 5564411 Bill of Rights
Bill of Rights's picture

http://www.ustream.tv/federalreserve

 

Note the way the back of the chair gives her bat wings..

Wed, 12/17/2014 - 15:46 | 5564414 ZippyBananaPants
ZippyBananaPants's picture

Stupid bitch has to read answer to first question!

 

What an idiot

Wed, 12/17/2014 - 15:47 | 5564421 ZippyBananaPants
ZippyBananaPants's picture

Almost like she is working for someone else?

Wed, 12/17/2014 - 15:50 | 5564440 FreeShitter
FreeShitter's picture

Of course, Daddy Bush's NWO

Wed, 12/17/2014 - 15:54 | 5564468 NotApplicable
NotApplicable's picture

As long as Kissinger's still breathing, I'd say it's "his."

Wed, 12/17/2014 - 15:50 | 5564442 ghostzapper
ghostzapper's picture

EXECUTIVE SUMMARY:

We will continue to do what the Banking Cabal directs us to do while attempting to baffle you with bullshit.  Happy Hanukkah. 

Wed, 12/17/2014 - 16:14 | 5564587 JR
JR's picture

Stanley, Janet and Jack are not voluntarily going to raise interest rates without Goldman Sach's approval. But America is going to have to have capital to survive and a nation can’t have capital, i.e., sound money, with zero interest rates in a bankster-controlled QE climate, with a national debt of $18,031,132,847,408.48 (December 17, 2014), where each citizen’s share of the debt is $56,413.53.

…as well as a U.S. taxpayer-backed global derivatives crisis with an estimated notional value of $710,000,000,000,000 to well over a quadrillion dollars.

Add massive unemployment, open borders to reduce wages, savings and pension destruction and unacceptable income inequality and you have a recipe for economic disaster.

These people are mistaken that they can control us forever. I’m getting sick of people telling me we have to have Lloyd Blankfein’s approval. The world is bigger than these guys.

Wed, 12/17/2014 - 16:49 | 5564804 ghostzapper
ghostzapper's picture

I agree with most of what you are saying conceptually.  One common "win one for the Gipper" approach is to hope some entities, say a China/Russia duo, abandon UST and USD and help implode the UST bubble.  I don't see that happening.  In a perverse way they are all on the same team.  China for example doesn't want to take a beating on its UST position so why would it want UST to implode?  They need to keep the junkie placing bets and alive and functional so they can collect even if they don't get everything they may have wanted initially.

The exchange in Shanghai is the key.  Settle all trades in gold and silver with ONLY physical metals there and that can break the Banking Cabal.  This would create major issues with derivatives and coupled with the more strategic moves away from USD we are already seeing could curtail and eventually destroy the Cabal. 

Aside from that only a Big Reset will shake things up.

Wed, 12/17/2014 - 15:51 | 5564452 Smiley
Smiley's picture

"Keep playing our rigged game you little Stoopids, just keep on playing."

Wed, 12/17/2014 - 15:53 | 5564463 richiebaby
richiebaby's picture

I always wonder if Yellen's assistants write LIEsman's questions

Wed, 12/17/2014 - 16:01 | 5564515 lester1
lester1's picture

Steve Liesman is a complete moron. Amazing he's the head economist at CNBC.

Wed, 12/17/2014 - 16:07 | 5564556 Eyeroller
Eyeroller's picture

CNBC = Fed cheerleaders.

 

Wed, 12/17/2014 - 15:56 | 5564475 kchrisc
kchrisc's picture

“If you can't dazzle them with brilliance, baffle them with bullshit.”  W.C. Fields.

“If you can't baffle them with bullshit, addle them with Tee Vee.”  Modern day addendum

An American, not Us subject.

Wed, 12/17/2014 - 15:54 | 5564476 malek
malek's picture

I'd interpret "patient" as Waiting for Godot.

Wed, 12/17/2014 - 15:55 | 5564479 Inthemix96
Inthemix96's picture

Claw hammers are brilliant tools.  You can use use them for many purposeful uses around the home, not just knocking nails into wood, and removing nails from wood, you can use them for many wide and various functions, use your imaginations folks.

If I had one on me, if I was invited to the FOMC meeting, I would put the cunt through your head Mr Yeltsin.  You know exactly the pain you are causing the average joe on the street you fucking piece of shit, just like that poisoned dwarf cunt who came before you.

The only conclusion Mixy can make is you enjoy this.  You enjoy making the proles lives hell, you must laugh and joke with your mates you are making life unbearable for the rest of us.  Well take solace, the clock is ticking, the time is running down, and at some point and at some time, one of you will run into one of us, and chances are, he or she will be carrying a claw hammer.

I can only fucking pray to Dog himself you meet me...

Nation wrecking, child molesting, non-human looking Cunts.

;-) 

Wed, 12/17/2014 - 16:01 | 5564517 Farmer Joe in B...
Farmer Joe in Brooklyn's picture

Almost didn't recognize you with the new avatar.  The liberal use of "cunt" and "cunts" tells me that it's definitely still the same ITM96...

Wed, 12/17/2014 - 16:18 | 5564598 Sub MOA
Sub MOA's picture

Kudos to the claw hammer yet I preffer a sheet metal scribe sort of like an ice pick yet you can take the scribe out and reverse it into the handle small light weight perfect for piercing the vertabre just below the skull no fuss no mess lights out on to the next lol  yeah I know not as stress relieving as the multiple hammer blows and blood splattering but it still gives the same end result DEAD

Wed, 12/17/2014 - 16:06 | 5564492 ThisIsBob
ThisIsBob's picture

What a nice lady.  Lays out some lines and everybody gets a nice 10 minute bump.  And then

                        down

 

                                down

 

                                        down

Wed, 12/17/2014 - 16:02 | 5564512 Frank N. Beans
Frank N. Beans's picture

QUESTION:

"so, is it a couple meetings out, 2 meetings out, or the meeting after the next meeting out?" 

ANSWER:  "yes"

BRILLIANT!!

Wed, 12/17/2014 - 16:00 | 5564520 JaKst3r
JaKst3r's picture

Confirmation Bias.. Bitchez!

Wed, 12/17/2014 - 16:02 | 5564521 Jstanley011
Jstanley011's picture

Eight point SPX slide since 1:30...

Whoops, I meant thirteen....

Wed, 12/17/2014 - 16:05 | 5564536 Jstanley011
Jstanley011's picture

Amazing how that little H&S on the 5 minute hit its target.

Wed, 12/17/2014 - 16:03 | 5564533 ebworthen
ebworthen's picture

What liftoff? 

Dumbshit reporter.  The correct question is:  "The FED has talked about 'liftoff' for six years yet labor force participation rate and incomes are at historic lows.  How have the FED's actions improved employment and reduced costs for American Families?"

Wed, 12/17/2014 - 16:08 | 5564552 Hubbs
Hubbs's picture

Simplify.

"Ms Fed Chairwoman, kindly give a reason to justify your and the FED's continued existance."

Wed, 12/17/2014 - 16:06 | 5564547 AwkwardReader
AwkwardReader's picture

Yellen-Fed will be very accommodating for a very long time. Which equals to, this shit is never going to end. 

Wed, 12/17/2014 - 16:06 | 5564549 Thomas Aquinas
Thomas Aquinas's picture

http://investmentresearchdynamics.com/

You Can’t Be Serious December 17, 2014Financial Markets, Gold, Housing Market, Market Manipulation, U.S. Economy

“Considerable Time” Or “Patience?”

Are you kidding me? The whole topic of conversation, heavy breathing and Einsteinian financial analysis for the past two weeks has centered on whether or not the Fed will change the language in its policy statement today from “considerable time” to “patience” in reference to how long they keep interest rates at zero.  Think about that for a second. Like the entire future of the financial system rests on “considerable time” or “patience.”   It’s beyond retarded.

To say this is “aburd” is an insult to the word “absurd.” It’s inconceivable to me that supposedly well-educated people are not only having this debate, but taking it seriously. This is Orwellian in extremis. It’s the epitome of ridiculousness.

Here’s how long the Fed will keep interest rates at zero – and REAL interest rates negative: Until the elitists have confiscated all our wealth and the system collapses.  

And that may well NOT take a considerable time.

Wed, 12/17/2014 - 18:08 | 5564585 Hubbs
Hubbs's picture

 

Until the elitists have confiscated all our wealth and the system collapses. 

Nice. Nothing like hitting the nail on the head.

Wed, 12/17/2014 - 16:06 | 5564551 yt75
yt75's picture

"economics" is such a joke ...

Wed, 12/17/2014 - 16:11 | 5564560 ebworthen
ebworthen's picture

Same bullshit every single fucking time.

Harpies and Warlocks in the service of Satan who is the real power behind Wall Street.

Wed, 12/17/2014 - 16:12 | 5564577 ebworthen
ebworthen's picture

Yellen:  "Rate hike not likely for next couple of FOMC meetings."

Translation:  "Make your bank boys and girls, you have until next Summer to milk savers, pensioners, retirees, and the middle class before we fold our hand and the sheeple's chips get raked off the table again."

Wed, 12/17/2014 - 16:14 | 5564582 Jstanley011
Jstanley011's picture

"Let me say that when we say 'pigmen protect their own,' that also applies to me as a pig woman."

Wed, 12/17/2014 - 16:18 | 5564606 AwkwardReader
AwkwardReader's picture

Who is the nervous nerd in glasses asking the real questions?

Wed, 12/17/2014 - 16:18 | 5564609 kw2012
kw2012's picture

I KNOW! Let's raise interest rates AND have QE4,5,6

Wed, 12/17/2014 - 16:20 | 5564616 Glass Seagull
Glass Seagull's picture

 

 

Wait, why is Janet working during Hanukkah?

Must be bullish.

Must be bearish.

Must mean something.

Must mean nothing.

 

Wed, 12/17/2014 - 16:19 | 5564617 RaceToTheBottom
RaceToTheBottom's picture

I am going to wait till GS can tell me what it all means....

Wed, 12/17/2014 - 20:25 | 5565962 xtop23
xtop23's picture

They tell you constantly. 

Just do the opposite and you'll know exactly what it means.

Wed, 12/17/2014 - 16:31 | 5564625 wisefool
wisefool's picture

Yellen "I won't speak for the white house"

Greenspan "There is only one person in the world who is beyond the reach of even the US president"

Wed, 12/17/2014 - 16:26 | 5564637 Madcow
Madcow's picture

It seems to me that the FED needs to hire some kind of economist - or even someone with some experience in financial markets. is there someone at American University? Maybe even a grad student at GW who can go over there for some kind of "Finacial markets 101" ?   

Wed, 12/17/2014 - 16:27 | 5564643 The Count
The Count's picture

The Fed is unlikely to start its rate hike process for "at least the next couple of meetings,"

This genie isn't going back in the bottle.

 

 

Wed, 12/17/2014 - 16:30 | 5564656 Barnaby
Barnaby's picture

Is plexiglas really keeping us from these people, or is it complicity?

Wed, 12/17/2014 - 17:09 | 5564708 nakki
nakki's picture

If rates rise .25% or a .5% who cares? 1% FED FUNDS rates will be the top then it another round of QE 100 billion a month. At this point does it really matter anymore? Its like listening to Ron Paul, pointless, and while i agree with him most of the time, the world is so far past the point of no return when it come to debt, default is the only way out. Until the system changes they'll be some serious pain for the great majority of us, and I don't think that's happening anytime soon. The fact that the Yen is still a major currency proves my point.

Wed, 12/17/2014 - 18:06 | 5565329 starman
starman's picture

Fat lesbian albino cunt!

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