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This Is Yellen's Response When Asked If The Fed Is Too Worried About The Stock Market
This is the response that Yellen gives a senator when asked if the Fed is too worried about the stock market.
"I would push back against the notion that we are unduly affected by the ups and downs of the stock market, we are certainly very focused on the fundamentals and economic statistics that describe where the economy is in terms of the labor market and inflation which are the two goals assigned to us by Congress and a lot of different kinds of economic information go into the forecasts that drive our decision-making, forecasts about where the labor market and inflation will be moving but financial conditions broadly, and I am not talking about the stock market here uniquely, but a wide range of financial variables that I would say go into assessing financial conditions, the ease of households and businesses of borrowing that affect their spending patterns whether it's consumer spending or investment or our competitive position in the global economy that affects our ability to expert, the competitiveness of import-competing goods, the state of financial conditions broadly speaking is one variable that does affect our forecast of the economy so we can't completely ignore what is happening in the markets to housing prices, to equity prices, to longer term interest rates, to credit spreads that influence borrowing costs, to the exchange rate that affects the competitiveness of US goods and services, all those factors feed into financial conditions and are relevant to forecasting the economy so it is one element of our evaluation, but I don't think we pay undo attention to it and I don't think we should."
Or, stated briefer, a 251-word statement stating just the opposite of what happens in the real world.
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Bitch LIAR!!!!!
She wants to push back on my what???
That was real vomit i tasted right there
... this is probably more entertaining than Mr. Yellen's statement ... >>> https://www.youtube.com/watch?v=cTdsr_uQgu8
I give up. The FED is to strong. I am turning bullish on everything. I am now riding the stock market party train. Wooohoo, the market finished green today. NASDAQ at all time highs!!! Keep the party going old Yeller!! I am on your side now, bitch.
Don't forget your hat and T-Shirt that says: I BUY TOPS
It works.
And there is your steaming pile of Bullshit Award for 2015, hands down. Thank you Ms. Yellen for proving you could make the Bernank look like a pussy piker.
That is a run-on sentence that would make Ernest Hemmingway blush…
If Ernest would have had to type that, he would have polished off a fifth of Laprohaig and punched one of his cats before standing up and finishing the rest.
...then blowing his head off.
Capitalism is about government control! Oh wait that's socialism.
John D. Rockefeller already told us what capitalism is about, starman, when he revealed the golden maxim on which it was founded: COMPETITION IS A SIN. But capitalism and socialism are both simply systems through which to consolidate power and exert control.
She didn't lie...she said "UNDULY"...that clearly means that she is according the market the proper amount of importance, and as it is a proxy for her owners, it is VERY important
I have long sought to locate the individual responsible for spawning Yellen.
I have finally located him in the neighborhood of Freemont, in Seattle, Washington, USA, underneath a bridge there.
The simply call him the . . .
FREEMONT TROLL
http://1.bp.blogspot.com/_i0N9Lfi_M74/RjTYEBWKMAI/AAAAAAAAAAk/4x2ajqz5EvE/s1600/Fremont+Troll.jpg
Haha. My old girlfriend lives down the street from there on Fremont Ave.
Answer of a politician. A lot of words, but not much meaning or truth.
Such statist/bankster double speak. Can't she just give us a "nigga, pleeeease" or something?
The Fed Q-Tip has officially become a character of itself.
Her answer is a VERY VERY long sentence. A paragraph? That is just gibberish. That is the quality of leaders, they are able to not answer an answer.
TRANSLATION: so-long as kevin henry & his F5 button are fully functioning, stock market will never go down.
Bullshit!
Utter b**ll*cks!
It's all denominated in her private currency, so I guess she owns it all.
Then raise the rates by 50 bps and see what happens because the stock market needs an enema since it's completely full of shit.....
you are on a roll today.
What would you expect from a pathological liar?
Bring back mark to market and we'll talk about fundermentals.
Then explain the Plunge Protection Team!
Conspiracy Theory </sarc>
Of course the fed is affected by the ups and downs of the market. They know that if there ever comes a time where real selling becomes significant they will be overwhelmed and the whole freaking shit show falls apart.
her Goldman 401k comes pre-paid.
Sounds like an official denial to me...
This is the Hillary/Obama/Billary school of just lying....it isn't like someone is going to do something. Just lie
And the Fed Cheif from Berkeley is in full campaign mode.
I absolutely CANNOT and WILL NOT listen to Mister Yellen speak! It's a painful fucking ordeal and now if I ever hear her voice and manner in which she speaks I change the channel immediately!!
It's un-fucking-bearable!!
I'd rather listen to Bobcat Goldthwait narrate War and Peace on an audio book
Damn..That would be rough.
It isn't a real person, it is purely an Windows 10 automation project that went bad.
And yes, I am talking about the FED chair, as well as the person occupying said chair.
We could actually get more sense out of the freakin chair itself.
the only thing the currency-manipulating, mark-to-market ignoring, ignorant of how the bond market works, Fed cares about can be summed up in 3 words:
wealth effect, bitchez!
It's amazing how someone can lie so shamelessly not only without effort, but with uncalculated ease.
They must have to train for years.
Inborn trait.
Just as the Babylonian harlot "pushed back" against the throbbing member of her eager customer, Janet Yellen "pushes back" against the stocks.
They should actually be worried that through their policies they have created financial conditions which are way too easy for too long. Low rates, low credit spreads, high stock valuations and constant bailouts and backstopping all add up to an excessively low cost of capital that greatly misprices risk. Just because that mispricing hasn't yet revealed itself broadly does not mean it is not there.
It is a problem that there are no corrections anymore. It is a problem that rates have been negative the majority of the decades. It is a problem that the cost of captial is not set by the free operation of the market. It is a problem that government policy continues to be one of inflating asset prices from houses to bonds to stocks as the haves and have nots further separate. When stock prices go parabolic without correction from high valuation starting levels, something is out of balance. If these policies had no consequences, they would have been used permanently througout history.
They won't raise rates by any real amount because it would quickly reveal all the mispricing of risk and foohardiness of this exercise in free money. They have purposefully changed the inflation benchmark to the PCE because it removes items which inflate and understates inflation by design so they can justify holding rates near zero.
And yet they need to raise rates so that the banks have a business model besides flipping stocks and bonds and carrying Yen.
Fun to watch them squirm I guess.
Well put ... and the US Fed deficit has stopped going up, indeed has not changed in 6 months. Orwellian.
In a money as credit system that must grow in size continually regardless, I expect the craziness to hit epic proportions before this is all over and the system resets. Greece is the canary, as anyone half-paying attention can see that the system has gone open loop just to feed the creditors while issuing even more unpayable debt, real economies be damned.
How much attention is "undo"? When you consider that everybody's 401k is tied to the market, and that keynes's "wealth effect" is tied to higher asset values ( and we know all fed people are keynesians )...her words don't really tell us much.
If Jack Yellen and every other lying piece of shit Bankster were hooked up to a lie detector during their fraudulent testimony, the whole fucking place would blow sky high!
Please somebody hook their asses up!
Lowlife motherfuckers all!
Yeah man i've heard of their band, they are the day trippers, the beatles wrote a song about them, one ticket way or so mething like that.
Yup, this is what would happen, Homer Simpson-style:
https://www.youtube.com/watch?v=k9Ylu0YywoA
Quasimodo
Why worry about something you're in complete control of?
Just reaffirms the 'fuck everything, its all fucked and lost' attitude I have about fucking everything.
Jesus christ on hot wheels, I have never heard it speak before this link. How in the fuck can people think this thing is in control of anything??????
Did she say BTFD!
Fuck off. If I interviewed you for a job, I would not hire you.
In other words the Fed is mostly concerned with maintaining the growth of national and household debt for the benefit of the Fed's owners.
what else is new?
.
Clearly Yellen misunderstood that the question required a one syllable answer, either a NO or a YES. Her wordy answer betrays a lack of basic understanding of what was being asked of her - reason enough for her questioner to make a motion to repeal The Federal Reserve Act and all regulaions promulgated under it.
No or Yes , way too non confusing. Her job would be to create confusion and angst in the economy, and she she's doing a damn fine job it!
https://www.youtube.com/watch?v=qWZvQBX-Lso
Mrs Debtfire. The Matzah ball lady.
Each Fed chairman seems to a downgrade since Paul Volcker.
I would hate to see who comes after Yellen.
remember what she says, she will lie again in two years telling us that she never said this. Just like idiot bernanke, they are all liars
In honor of the chairwoman's graceful presence and mellifluous delivery, I present:
Mrs. Tucker
(Turning up the volume is a must to capture the essence)
https://www.youtube.com/watch?v=wyvBmVfA8Q4
WOW thats a lot of blabbeling for something you can say in 1-5 words
Thats because its a pre planned question and she has the preplanned answer. Every thing you see, thats is made public by these criminals, is designed to shape and condition John Q Public. Of course the Fed dosen't use the stock market as a variable because its completly rigged,,,, by them! LOL
So, she manages the stock market with just one pinky-click of the mouse. All she's saying is she drives the market, the market doesn't drive her. And that seems true enough.
Is it wrong that I have flashbacks of Adam Sandler's "Lunch Lady Land" everytime I see a video clip of her?
"This Is Yellen's Response When Asked If The Fed Is Too Worried About The Stock Market"
Head Counterfeiter and Larcenist at the FedRes: "Like in 1929, we'll make sure friends, cronies, the connected, and the "chosen," are out and clear before we "pull it."
Liberty is a demand. Tyranny is submission..
The operation of a guillotine is much like the operation of a printing press.
The Lying bitch just insulted what little intelligence most Americans have! People MUST have smelled the bullshit as far away as San Diego, surely? (Wait, she doesn't know anything about a plunge protection team? Crap!)
That's the most difficult 2 1/2 minutes I've ever endured. HOLY FUCK!
labor markets, unemployment...and leaks and obstruction of justice and fraud and buying AAPL, AMZN, LNKD and the like, and MOAR DEBT and buying 70% of bond cusips...blah blah blah.
hope you die in pain and die soon yellen you foul pig
Bullish mosin nagant crates.
Wow she looks like a hobbit.
""I would push back against the notion that we are unduly affected by the ups and downs of the stock market,"
Uhh, either she doesn't understand the shadow banking system and lengthy collateral chains due to re-hypothecation schemes that should even a single link break from any of the collateral (e.g. stocks) declining too far in value and blowing the entire monetary/financial asset system sky high (and thus jeopardizing her job), or she's a liar.
Given that people tend to pay attention to what butters their bread, I'd say the latter.
Brings back memories of Homer Simpson on a lie detector test in 3, 2, 1...
https://www.youtube.com/watch?v=k9Ylu0YywoA
That was a waste of 1:30 minutes.
Yeah, I could only tolerate half of it.