Posted on 02/07/2021 8:24:20 AM PST by Onthebrink
Mrs. Yellen’s last year as Federal Reserve Chair will long be remembered as one in which she kept interest rates too low and the Fed’s balance sheet too large for too long. She did so in an apparent attempt to curry favor with President Donald Trump in her unsuccessful bid to get a second term as Fed Chair.
In the process, she contributed importantly to the creation of a global everything asset and credit market bubble. It was only once she left the Fed and was safely ensconced at the Brookings Institution that she warned of the risk to the U.S. economy of a mushrooming of the highly leveraged loan market, which was of her own making.
Now at Treasury, Mrs. Yellen is arguing that it is better to go too big than too small in terms of budget stimulus.
(Excerpt) Read more at 19fortyfive.com ...
Sadly it seems like things in the U.S. economy are only destined to get worse.
Wow. You commented instead of doing a hit and run.
Congrats.
Now to the point. Buy food suitable for long term storage.
Lots of it.
L
All bubbles pop, better sooner than later. This one is likely to be horrific however, pray for the children and grandchildren
Well, “we’ve” destroyed small business owners and propped up real estate for a year.
FIFY
That's part of the plan.
It looks pretty awful. $27 trillion in debt...
… It looks pretty awful. $27 trillion in debt...
All that debt , bound by full force of contract law…
Your going to feel it in the energy and job market not so much in the stock market
Average folks with 401Ks will be getting the haircut this time around, I predict. The commies are already eyeballing that pile of other people's money.
Maybe having businesses reopen would help.
How does she even have the nerve to say that....because no one else is saying it.
In 6 months you won’t recognize this country.
> Well, “we’ve” destroyed small business owners... <
And when it comes to large businesses, who in his right mind would want to open a new factory in Biden’s America? You’d be choked to death by taxes, regulations, and directives.
You’ve got some balls to blame those people while Ivy League MBA’s gave them loans knowing they would get screwed and walked away with millions in bonuses.
well, any suggestions on what to do with our 401ks?
Thanks, I know.
At some point, move some to the guaranteed account.
A true accomplishment, being born and all.
They’ve put her at Treasury because Trump basically dissolved the FED and folded it into the Treasury Dept. last year. Remember that movie “Pet Cemetery”? They are hoping she can somehow figure out how to resurrect it. 😆
That and being smart enough not to be like the people with 50K incomes that took out loans on 500K homes with only a $742.93 downpayment.
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