Call it a bubble or don’t call it a bubble, but when interest rates rise, lots of money taken out of stocks will send the market down. By a quarter, a third??? Who knows?
Ah , Obama is asking her to bring it all down ?
I still think we’ll see a 10-15% correction—which may be healthy given the current state of the economy. Especially with a large number of investors waiting to become “bargain hunters.”
Someone in her position cannot make comments like this.
But, she’s an affirmative action, Obamaclone hire.
Baby, baby you know it’s true
I’m a puppet just for you
I’ll do anything you say
I won’t have it any other way
Take my heart and take my soul
Giving you complete control
If you wanna see me do my thing
Pull my string, pull my string
Puppet man, puppet man
WASHINGTON (MarketWatch) - It is always a challenge for regulators to identify bubbles, said Esther George, the president of the Kansas City Fed, on Wednesday. “Whether or not certain risks have reached the point that they represent excess, they represent bubbles, that is always murky territory,” George said at a conference sponsored by The Institute for New Economic Thinking. By the time everyone agrees there is a bubble, “you have generally waited too long,” George said. This puts pressure on monetary policy makers to smoothly unwind the bubble, she said. George is not a voting member of the Fed policy committee this year. She has been warning that zero interest rates could spark financial instability since 2013.
Like all the others they've missed?
we all can see and assess stock prices for ourselves without need of such ‘helpful’ advice
is she just bozo or what’s her agenda?
From the article...
“Yellen added, however, that the overall risks to financial stability are “moderated, not elevated” and she does not see the hallmarks of any bubbles”
If she can’t see bubbles, she needs a seeing eyed dog
Wonder if it ever occurred to her that the problem is actually that the value of her money is quite low.
Maybe Yellen will restart Nixon’s “Whip Inflation Now” program. Except she will jawbone hedge funds.
She is—as Nixon was—spitting into the wind so long as her Fed keeps interest rates at 0%.
Look at the “great minds” that are “in charge” of our financial system (two pathetic socialists from academia):
Yellin and Christine LaGarde of the IMF!
Instead of Yellin saying “stock valuations are high” she should be saying “we have a government bubble” as Peter Schiff says.
In recent decades it’s been the Fed that’s triggered stock market crashes.
“Irrational exuberance”?
For your consideration...
Tell us something we didn’t know Janet. Like you have a clue what to do about it. She’s even worse than Bernanke.
“Federal Reserve Chair Janet Yellen on Wednesday described stock market valuations as high and said the central bank was carefully monitoring their impact on financial stability.”
Well, then stop manipulating the markets, you stupid 50 IQ ape.
To all the intelligent freepers who know about finance. Where would you invest $10,000 if you wanted it to make something but still be safe and easy to get to if you needed it for some reason.