A Brief Rebuttal To Jim Cramer

In response to what seemed like a rather stunning statement by CNBC entertainer Jim Cramer that "Fed Chief Yellen is speaking for the common person," we thought the following simple chart might provide some useful food for thought when considering everything that escapes his mouth...

 

 

So yep - jawbone all you like, but actions speak louder than words and enabling companies to 'live' that should be dead and enabling executives to pump up share prices (via cheap debt-funded buybacks) at the expense of their 'expensive' labor force seems like anything but "speaking for the common person."

Just like Greenspan and Bernanke before her, Janet Yellen has only one mandate - enable the elites to survive (and thrive) no matter what the cost.