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Keyword: janetyellen

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  • Yellen Gives Silk Underwear Crowd on Wall Street a Warning

    05/07/2015 1:13:24 PM PDT · by Kaslin · 3 replies
    Townhall.com ^ | May 7, 2015 | Matt Towery
    It's interesting and important to note that former Fed Chairman Alan Greenspan's comment about a stock market potentially built upon "irrational exuberance" did not coincide with a drop in the markets. In fact, it took years before the truly irrational stock market, built upon the emerging web technology world, fell apart. But comments this week by the current Federal Reserve Chair Janet Yellen that equity "are quite high" reminded many of a more muted version of Greenspan's observations years earlier. In the case of Greenspan, his comments were more speculative and were rooted in the theoretical of what could happen...
  • Yellen Says Stocks Pricey; Is A Bear Market Lurking?

    Fed chief Janet Yellen rattled the stock market Wednesday when she said "equity market valuations at this point generally are quite high," saying that raises "potential dangers." She added that she doesn't see "the hallmarks of a bubble," but stocks retreated from opening gains and traded lower, though the major averages closed off intraday lows. Are stocks overvalued? After a six-year bull market, a correction should be expected, although the odds favor a more garden variety downturn of 20% or so over a period of several months, not the painful free-falls of 2000-02 or 2008. Wednesday's selling prompted IBD to...
  • Fed Chair Yellen says stock market prices 'quite high'

    05/06/2015 10:49:36 AM PDT · by xzins · 70 replies
    Yahoo Finance ^ | 6 May 15 | Martin Crutsinger
    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. "I would highlight that equity market valuations at this point generally are quite high," Yellen said in conversation with Christine Lagarde, managing director of the International Monetary Fund, at an economics conference. Coupled with weak economic reports in the morning, her remarks drove stocks broadly lower in Wednesday trading. Yellen added, however, that the overall risks to financial stability are "moderated, not elevated" and she does not see the hallmarks of any bubbles. She...
  • Just When You Thought The Obama Economy Can't Get Any Worse, It's Getting A Lot Worse

    04/03/2015 3:08:49 PM PDT · by Kaslin · 106 replies
    Townhall.com ^ | April 3, 2015 | Donald Lambro
    In the seventh year of Barack Obama's administration, the economy is still getting failing grades that have been the hallmark of his trouble-filled presidency. While he continues to go about the country telling voters that his policies are working, this week's dreary economic data tell a far different story. The bleak headlines in the nation's major newspapers tell the story in its bluntest terms. "Stocks fall on disappointing economic data," said USA Today. "U.S. stocks fall on weak economic data," blares The Wall Street Journal, with this subhead: "Private payrolls rise less than expected in March, adding to concerns about...
  • Fed Chair Wants to Know: ‘How Do Some Places Advance Economically?’ (‘inequality’ barf)

    04/02/2015 12:12:51 PM PDT · by Olog-hai · 25 replies
    Cybercast News Service ^ | April 2, 2015 - 11:51 AM | Ali Meyer
    Federal Reserve Chairwoman Janet Yellen called for more research into widening inequality in the United States during a speech at the Federal Reserve Community Development Research Conference in Washington, D.C., on Thursday. “How do some places advance economically and create circumstances in which residents in turn are more likely to thrive?” Yellen said at one point in her speech, giving an example of the type of question she would like to see answered by “further research.” “According to a recent Pew Research Center survey, the gap between rich and poor now ranks as a major concern in the minds of...
  • Governments drink themselves to death at Madame Yellen’s speakeasy

    03/26/2015 1:06:02 PM PDT · by Olog-hai · 4 replies
    MoneyWeek ^ | 03/23/2015 | Bill Bonner
    Last week was a bad one for the US dollar, but good for stocks. The greenback had its worst five days of trading in four years, but the Dow rose another 168 points on Friday. This action took place after Madame Janet Yellen, proprietress of the House of the Rising Stockmarket, said she would not be impatient about raising rates. She would not be patient either, she warned. Investors drew the obvious conclusion: She has no idea what she is doing. […] The world of today is not the same world it was 50 years ago. We have a new...
  • Dow, S&P 500 close at fresh records after Yellen's first day of testimony [NASDAQ Close to 5,000]

    02/24/2015 1:19:06 PM PST · by SeekAndFind · 4 replies
    Proactive Investors ^ | 02/24/2015 | Deborah Bacal
    U.S. stocks rose Tuesday, with the Dow and the S&P 500 settling at new records after Janet Yellen delivered her first day of testimony on Capitol Hill today, saying the central bank was preparing to consider rate hikes on a "meeting by meeting basis", with the timing dependent on economic data. At the closing bell in New York, the Dow Jones Industrial Average rose 93 points to settle at 18,210, while the Nasdaq climbed for its 10th straight session, rising by 7 points to end at 4,968. The S&P 500 gained 6 points to finish at 2,116. In her testimony...
  • The American People Are Utterly Clueless About What Is Going To Happen As We Enter 2015

    01/01/2015 6:27:40 AM PST · by HomerBohn · 103 replies
    Invesment Watch ^ | 12/30/2014 | Michael Snyder
    The American people are feeling really good right about now. For example, Gallup’s economic confidence index has hit the highest level that we have seen since the last recession. In addition, nearly half of all Americans believe that 2015 will be a better year than 2014 was, and only about 10 percent believe that it will be a worse year. And a lot of people are generally feeling quite good about the people that have been leading our nation. According to Gallup, once again this year Hillary Clinton is the most admired woman in America and Barack Obama is the...
  • The most powerful woman in the world without an army

    12/19/2014 10:15:08 AM PST · by SeekAndFind · 4 replies
    American Thinker ^ | 12/19/2014 | James Longstreet
    The most powerful woman in the world, without an army, just propelled the Dow Jones to a two-day 700-point spike by saying “patience.”  Janet Yellen said the Federal Reserve, the quasi-agency that neither is “federal” nor has any “reserves," can be “patient” in their rate hikes in 2015. She was quick, and clumsy by other accounts, to confuse the rate hike issue, with language suggesting that it might not happen at all.  In the vein of the famous watering hole sign, “free beer tomorrow,” Yellen essentially gave the message that rates would go up in 2015, but they might...
  • Fed Chair Yellen’s assets up 8 percent during 2013

    08/28/2014 11:29:57 PM PDT · by Olog-hai · 4 replies
    Associated Press ^ | Aug 28, 2014 4:25 PM EDT | Martin Crutsinger
    Federal Reserve Chair Janet Yellen’s assets rose in value by at least 8 percent during 2013, raising their total to between $5.3 million and $14.1 million, according to her latest financial disclosure released Thursday. Yellen’s biggest asset is a trust fund she set up in 1992 with her husband, George Akerlof, a Nobel Prize-winning economist. The value of the trust fund is estimated at between $1 million and $5 million. Yellen’s assets have likely been driven up in value by a rebounding economy and a rising stock market. In 2012, her disclosure form estimated her assets at between $4 million...
  • Don't Be Fooled: This Week's Economic Data Should Be Taken With a Large Grain of Salt!

    08/27/2014 7:39:47 AM PDT · by Kaslin · 8 replies
    Townhall.com ^ | August 27, 2014 | Donald Lambro
    WASHINGTON - A bunch of economic numbers from the government this week, which should be taken with a large grain of salt, were expected to show the economy was doing much better in the past three months. Well, we've seen these periodic, fragmentary numbers many times before, only to see the economy continue to slowly slog along at its painfully lackluster, jobs-challenged pace for the past six and a half years now. President Obama will recite the exaggerated economic numbers that his cherry-picking speech writers select to prove that he's brought the economy back from the bring of recession. But...
  • Janet Yellen is shocked that the Fed’s price models don’t work

    04/27/2014 12:07:12 PM PDT · by Kaslin · 47 replies
    Townhall.com ^ | April 27, 2014 | Nick Sorrentino
    So are we. Just shocked. Hey, at least she said it publicly. That’s more than Mr. Bernanke ever did. Ms. Yellen says doesn’t understand why inflation is running hotter in the US than her models say it should be and why it ran cooler in Japan recently than her models predicted. Models, it’s always the models with Keynesians. Many modern economists like to think of themselves as scientists, or at least something close to scientists. But instead of white coats they wear tweed jackets and instead of verifiable results they produce excuses. Ok that’s a bit harsh but it’s not...
  • Both at Home and Abroad, Obama’s Presidency is Floundering

    04/20/2014 8:40:44 AM PDT · by Cheerio · 41 replies
    Town Hall ^ | Apr 19, 2014 | Donald Lambro
    WASHINGTON -- Barack Obama is getting a number of critical report cards on his foreign and domestic policies lately. Here at home, Janet Yellen, in her first monetary policy address as the head of the Federal Reserve Board, said the labor markets were still weak, and that it will likely take two years or more before the U.S. fully recovers from its recession. Ouch. If Yellen's forecast proves right, this means it will have taken Obama's administration nearly eight years to lift our economy out of its long and painful lethargy.
  • First Fire Sebelius, Now (Forcibly) Retire Who Else?

    04/18/2014 4:25:49 AM PDT · by Kaslin · 4 replies
    Townhall.com ^ | April 18, 2014 | John Ransom
    Well I can say this much for Janet Yellen, she sure learned how to jawbone the market, a skill that was notably lacking in her predecessor Ben Bernancke. On Wednesday the market gapped open, only to follow a recent pattern of the gap gains eroding. But then Janet stepped in. In a speech to the Economic club of New York, Yellen acknowledged that while the economy has made some strides towards recovery the jobs market is at least, if not more than, two years away from healing. That means that stock market types, whatever else may be happening on...
  • Yellen signals more aggressive stance toward banks

    04/15/2014 1:03:06 PM PDT · by Olog-hai · 16 replies
    Associated Press ^ | Apr. 15, 2014 2:53 PM EDT | Martin Crutsinger
    The Federal Reserve may be about to turn more aggressive in its regulation of the financial system. Fed Chair Janet Yellen suggested Tuesday that current regulatory rules might not be enough to prevent the kind of risk-taking that triggered the 2008 financial crisis and nearly toppled the entire banking system. She said the largest U.S. banks may need to hold additional capital to withstand periods of financial stress. Non-banks with deep reaches into the financial system might also need to meet tougher rules, she said. Such firms range from money market mutual funds to private equity and hedge funds. …
  • Yellen's Low-flation Nonsense

    04/12/2014 9:22:34 AM PDT · by Kaslin · 22 replies
    Townhall.com ^ | April 12, 2014 | Larry Kudlow
    Will somebody please explain to me how rising inflation is somehow going to extricate us from the tepid economic recovery? I don't get it. It used to be hypothesized that low inflation was the key to high economic growth. For everybody in the economy, low inflation was a tax cut. Conversely, rapidly rising prices were thought to penalize the economy by placing a tax-hike effect on investors, businesses, and families. It was this logic that spurred Paul Volcker (especially) and then Alan Greenspan to labor mightily in the 1980s and 1990s to bring inflation down. The Fed's favorite inflation...
  • Stop Eating Meat and Cheese

    04/02/2014 11:59:15 AM PDT · by PaulCruz2016 · 109 replies
    The New York Times ^ | 04-01-2014 | Fredrik Hedenus
    <p>To avoid dangerous climate change and limit global warming to below 3.6 degrees Fahrenheit above the level of preindustrial times – a target endorsed by the international community and the United States – global greenhouse gas emissions need to be reduced by 80 to 90 percent by the second half of this century. But even eliminating all carbon dioxide emissions from the energy and transportation sectors may not be enough to reach that target because greenhouse gases from food and agriculture, mainly nitrous oxide from agricultural soils and methane from livestock, will be too large.</p>
  • Sarah Palin is Right: Obamacare Death Panel Real; Disguised as the Democrat Senatorial Campaign Comm

    04/02/2014 6:26:20 AM PDT · by Kaslin · 20 replies
    Townhall.com ^ | April 2, 2014 | John Ransom
    Turns out Sarah Palin was right. Obamacare does have Death Panels, and they are currently disguised as the Democrat Senatorial Campaign Committee and the Democrat Congressional Campaign Committee. In this week when Obamacare finally turns one day old, the political problems that our economic recovery face have never been on better display. While the stock market makes new highs, even the Fed is acknowledging that this recovery is different. And because it’s different, Wall Street is winning and Main Street is losing. “Although we work through financial markets, our goal is to help Main Street, not Wall Street,” said...
  • Yellen’s Real-Life Examples of Unemployed Omit Criminal Records

    04/01/2014 11:26:06 AM PDT · by reaganaut1 · 5 replies
    Bloomberg | April 1, 2014 | Lorraine Woellert
    No Bloomberg excerpts allowed, story here.
  • Illinois: How will we fix our budget problems? Let’s tax millionaires!

    03/21/2014 2:12:17 PM PDT · by SeekAndFind · 23 replies
    Hotair ^ | 03/21/2014 | Bruce McQuain
    This worked so well for France that Belgium had a real estate boom with the new tax on millionaires was announced. And New Jersey learned that millionaires have a tendency to leave when confronted with higher taxes. But Illinois? Well, per Michael Madigan, Speaker of the Illinois House of Representatives, Illinois is different: “Well, if they’re in Illinois today, they’re probably so much in love with Illinois that they’re not going to leave,” he said, according to the Tribune–a backhanded acknowledgement of how poorly the state is already doing.Madigan may also be encouraged by California’s example, where millionaires have largely...
  • Are Larry Page, Jerry Yang, and Larry Ellison pulling their philanthropic weight?

    03/21/2014 11:40:36 AM PDT · by Oldeconomybuyer · 17 replies
    San Francisco Chronicle ^ | March 21, 2014 | By Joe Garofoli
    We often write about the generosity of philanthropists. But what about rich folks who are giving — but not really pulling their weight? Inside Philanthropy’s calls out some billionaires not because they’re not giving, but because they’re not giving ENOUGH based on how much cash they’ve got stuffed in the mattress. While The Chronicle of Philanthropy annually drops its list of the top 50 donors, Inside Philanthropy took a different approach. Instead of just looking at how much an individual is giving away, IP is using “relative generosity as our main criteria here, looking at what percentage of their wealth...
  • Bill Gates Is Half-Right about Tax Reform

    03/21/2014 11:30:11 AM PDT · by Kaslin · 12 replies
    Townhall.com ^ | March 21, 2014 | Daniel J. Mitchell
    I generally get very suspicious when rich people start pontificating on tax policy. People like Warren Buffett, for instance, sometimes advocate higher taxes because they’re trying to curry favor with the political elite. Or maybe they feel compelled to say silly things to demonstrate that they feel guilty about their wealth. Regardless, I don’t like their policy proposal (as you can see from TV debates here and here). That being said, I also realize that stereotypes can be very unfair, so it’s important to judge each argument on the merits and not to reject an idea simply because it comes...
  • WaPo suffers self-inflicted wound in the war on the Koch brothers

    03/21/2014 11:09:07 AM PDT · by Starman417 · 18 replies
    Flopping Aces ^ | 03-21-14 | DrJohn
    It's become very obvious that Saul Alinsky continues to live on in the democrat party and among the decerebrate left. Rule 13 says“Pick the target, freeze it, personalize it, and polarize it.”The 2014 Democrat Party target is the Koch Brothers. Private citizens, they are the 2014 left wing whipping boys and the left has donned its asshats in unison. An article in the Washington Post screams: The biggest lease holder in Canada’s oil sands isn’t Exxon Mobil or Chevron. It’s the Koch brothers. You might expect the biggest lease owner in Canada's oil sands, or tar sands, to be one...
  • In America, the 'wealthy poor' replace the middle class

    03/21/2014 1:21:34 PM PDT · by SeekAndFind · 26 replies
    Yahoo Finance ^ | 03/21/2014 | Rick Newman
    One phenomenon of the modern economy is affluence that doesn’t feel like it. You work, earn and spend quite a lot, yet it seems you’re getting nowhere. Some new economic analysis helps quantify just how many people might be characterized as the “wealthy poor”— and it’s a surprisingly large chunk of the overall population. A new paper by economists Greg Kaplan and Justin Weidner of Princeton University, and Giovanni Violante of New York University, finds that about 70 million Americans may live in families they describe as “wealthy hand-to-mouth” households. These are families that own assets such as homes, cars,...
  • Fed to Raise Interest Rates on Obama's Weak, Struggling and Jobless Economy

    03/21/2014 11:50:28 AM PDT · by Kaslin · 27 replies
    Townhall.com ^ | March 21, 2014 | Donald Lambro
    WASHINGTON - Federal Reserve Chairman Janet Yellen briefed the country Wednesday on the Fed's plans for the economy's problem-plagued recovery, sending Wall Street into a swoon. It was her first news conference as the new head of the nation's central bank, and though she was cautious in her remarks, she suggested that economic data has improved more than many people, and other economists, think. But it was the Fed's plans to start raising interest rates earlier than expected that came as an ice cold shower for the still- sluggish economy and for the stock market. Yellen's remarks, following a report...
  • Fed's Kocherlakota blasts new rate guidance

    03/21/2014 6:45:24 AM PDT · by Red in Blue PA · 7 replies
    WASHINGTON (Reuters) - The Federal Reserve should have promised to keep rates near zero until U.S. unemployment falls below 5.5 percent, as long as inflation and financial stability risks are contained, said the lone dissenter to the Fed's policy decision this week. By dropping the Fed's pledge to keep rates low until the jobless rate reaches a more healthy level, the U.S. central bank is sending the wrong message on both inflation and jobs, Minneapolis Federal Reserve Bank President Narayana Kocherlakota said in remarks released on Friday. On Wednesday the Fed, in its first policy-setting meeting under Fed Chair Janet...
  • Janet Yellen Punt Prompts Panic: Even a hint of a taper is enough to scare people.

    03/20/2014 6:45:59 AM PDT · by SeekAndFind · 11 replies
    National Review ^ | 03/20/2014 | Tim Cavanaugh
    The spring of 2014 has not yet begun, but a jittery Wall Street was spooked Wednesday by the prospect that interest rates might rise “as soon as” the spring of 2015. That was the immediate response to Federal Reserve chairwoman Janet Yellen’s first press conference since taking office. Yellen’s mere suggestion that the Fed might someday pursue a less inflationary policy has been blamed for a drop in the Dow Jones Industrial Average, and armchair central bankers are jumping on the rookie Fed chief for talking the market down. Fed may raise rates as soon as next spring, Yellen suggests:...
  • Fed may raise rates as soon as next spring, Yellen suggests

    03/19/2014 3:04:35 PM PDT · by Red in Blue PA · 25 replies
    WASHINGTON (Reuters) - The Federal Reserve will probably end its massive bond-buying program this coming fall, and could start to raise interest rates around six months later, Fed Chair Janet Yellen said on Wednesday. That's a somewhat more aggressive path toward higher rates than some investors had anticipated, and both U.S. stocks and bonds slumped. Futures traders now are pricing in a first rate hike as soon as April 2015. "She certainly moved (the timetable) up a little bit and I don't think the market was expecting that at all because she is widely viewed as being more on the...
  • Stocks slump on Janet Yellen's rate hike remark

    03/19/2014 2:39:18 PM PDT · by SeekAndFind · 12 replies
    CNN Money ^ | 03/19/2014
    Investors weren't too thrilled by what they heard from Janet Yellen during her first meeting in charge of the Fed. The Dow fell more than 100 points, while the S&P 500 and Nasdaq also finished lower. Stocks were relatively stable as Yellen started her press conference. But the Dow fell as many as 180 points before recovering after she said the Fed's stimulus program would most likely be finished by the fall and that a rate hike could come as soon as early 2015. Prior to the press conference, the Fed said it will continue trimming, or tapering, its monthly...
  • Fed Tweaks Rate Guidance, Lessening Weight on Unemployment Rate

    03/19/2014 11:36:58 AM PDT · by BenLurkin · 7 replies
    WSJ ^ | March 19, 2014 2:30 p.m. ET | By Victoria McGrane And
    In regard to the so-called forward guidance on rates, the Fed has said since late 2012 that it wouldn't consider raising interest rates from near zero until the jobless rate fell to 6.5%, provided inflation looks likely to remain below 2.5%. In a new policy statement released Wednesday, the Fed dropped the reference to the 6.5% jobless rate, which officials have come to see as too limited an indicator of the labor market's health. Instead, the central bank said it would "assess progress…toward its objectives of maximum employment and 2% inflation" in deciding when to raise rates from near zero,...
  • NASWA down on unemployment insurance bill (Oh noooo! The Compromise!! Bipartisanship!!)

    03/19/2014 11:21:18 AM PDT · by cotton1706 · 2 replies
    politico.com ^ | 3/19/14 | Burgess Everett
    The Senate’s bipartisan unemployment insurance legislation may not be workable, according to a group of state unemployment insurance administrators. A five-month retroactive revival of unemployment insurance benefits that Senate negotiators touted last week would “substantially increase the administrative burden on states” if signed into law, according to a letter sent to Senate Majority Leader Harry Reid (D-Nev.) and Senate Minority Leader Mitch McConnell (R-Ky.) by the National Association of State Workforce Agencies. The bill’s provisions “would cause considerable delays in the implementation of the program and increased administrative issues and costs. Some states have indicated they might decide such changes...
  • Fed Cuts Monthly Asset Purchases To $55 Billion Maintaining Taper Pace, Market Awaits Yellen Remarks

    03/19/2014 11:14:09 AM PDT · by John W · 16 replies
    forbes.com ^ | March 19, 2014 | Samantha Sharf
    In her first Federal Open Market Committee meeting as head of the Federal Reserve Janet Yellen made good on her promise of continuity, again cutting back the central bank’s asset purchases. On Wednesday, the FOMC announced a third $10 billion reduction in quantitative easing, reducing its monthly bond purchases to $55 billion and keeping with Fed watchers’ tapering exceptions. The Fed will cut monthly mortgage bond purchases to $25 billion from $30 billion. Treasury purchases will go from $35 billion to $30 billion.
  • Obama in Blunderland

    03/14/2014 11:09:37 AM PDT · by DanMiller · 3 replies
    Dan Miller's Blog ^ | March 14, 2014 | Dan Miller
    During her visit to Wonderland, Alice had odd reactions to the weird things she experienced. Is President Obama trying to best her?The critters Alice met and spoke with in Wonderland made no sense at all. Neither did her responses. For example, having invited herself to a tea party with the Mad Hatter, the March Hare and the Door Mouse, The Hatter [asked], `Why is a raven like a writing-desk?' `Come, we shall have some fun now!' thought Alice. `I'm glad they've begun asking riddles.--I believe I can guess that,' she added aloud. `Do you mean that you think you can...
  • Obama's rush to regulate [welding an anchor to the U.S. economy]

    02/24/2014 5:09:25 AM PST · by Cincinatus' Wife · 4 replies
    The Hill ^ | February 24, 2014 | Ben Goad
    President Obama has ordered his officials to step on the gas and clear as much of his regulatory agenda as possible during the twilight of his time in office. The clock is ticking, creating a sense of urgency in the administration to crank out his new rules without delay. Just a year into the president’s second term, experts and former administration officials say it is do-or-die time for scores of regulatory initiatives across the federal government that could shape his legacy. So Obama is spurring agencies on. “He has directed his entire administration to move as quickly as possible in...
  • Half a million people in the air at any one time ( Where is the warming?)

    03/01/2014 5:44:51 PM PST · by Ernest_at_the_Beach · 10 replies
    joannenova.com.au ^ | February 27th, 2014 | Joanne
    Marvel at the science and engineering that keeps these planes flying, and remarkably safely:Planes in the sky with half a million people in the air at any one time | Guardian & Flightstats How many flights are in the air at once? NOAA estimates that 5,000 planes are in the sky over the United States. On any given day, more than 87,000 flights travel through US airspace… globally estimates seem to be that there are around 8,000 – 13,000 though I didn’t happen to find an authoritative source.This youtube shows the dots in motion:  This youtube works  better in a...
  • Fuel cells put in the frame with catalysts that need far less platinum

    03/01/2014 10:05:03 AM PST · by neverdem · 6 replies
    Chemistry World ^ | 28 February 2014 | Tim Wogan
    The platinum nanoframes have 22 times the sepcific catalytic activity of standard electrodes © Science/AAASUS scientists have created an exceptional fuel cell catalyst that contains far less platinum – conventional catalysts need 36 times more platinum to hit the same levels of activity. The manufacturing process, which was discovered by accident, uses simple techniques that the researchers believe can be easily scaled-up. The work could help to make fuel cells economically viable for applications such as cars as the precious metal makes up much of the cost of the cell.Fuel cells react hydrogen with oxygen to produce water, using the...
  • LIBERAL LIES ABOUT “GLOBAL WARMING” PUT A FACE ON NOAA WEATHER FORECASTERS

    02/27/2014 7:23:33 AM PST · by jmaroneps37 · 14 replies
    coachisright.com ^ | Feb. 27, 2014 | Kevin "Coach" Collins
    Every so often the faceless liberal lie machine is forced to reveal itself and a real person or organization has to stand by the fabricated “science” of the Al Gores of the world. The Climate Prediction Center of the National Oceanic and Atmospheric Administration (NOAA) has been forced into the sunlight and it has been made to look foolish because it believes Gore and his “climate change” charlatans. NOAA’s prediction for November through January was that most of the continental United States would enjoy above normal temperatures. Why would they say otherwise when there is only emotion instead of science...
  • Fed Doesn't Have Authority to Regulate Bitcoin, Yellen Says

    02/27/2014 5:05:15 PM PST · by 2ndDivisionVet · 16 replies
    National Journal ^ | February 27, 2013 | Catherine Hollander
    The Federal Reserve Board doesn't have the authority to regulate bitcoin, Fed Chair Janet Yellen said Thursday. "To the best of my knowledge, there's no intersection at all in any way between bitcoin and banks the Federal Reserve has the ability to supervise or regulate," Yellen told members of the Senate Banking Committee. "The Federal Reserve simply does not have authority to supervise or regulate bitcoin in any way." Yellen was responding to questioning from Sen. Joe Manchin, D-W.Va., who sent the Fed and other banking regulators a letter on Wednesday calling on them to ban—or at least curb—the decentralized,...
  • Weather seems to blame for U.S. slowdown, Fed's Yellen says

    02/27/2014 5:09:11 PM PST · by Oldeconomybuyer · 30 replies
    Reuters ^ | February 27, 2014 | BY JONATHAN SPICER AND KRISTA HUGHES
    Unusually harsh winter weather appears to be behind recent signs of weakness in the U.S. economy, Federal Reserve Chair Janet Yellen said on Thursday, suggesting the central bank was poised to press forward in ratcheting back its stimulus. Testifying to the Senate Banking Committee, Yellen said the Fed would watch carefully to ensure weather was indeed the culprit, but she reiterated that it would take a "significant change" to the economy's prospects for the Fed to put plans to wind down its bond-buying program on hold.
  • No Janet Yellen, The Economy Is NOT “Getting Better”

    02/12/2014 10:01:34 AM PST · by SeekAndFind · 14 replies
    TEC ^ | 02/12/2014 | Michael Snyder
    On Tuesday, new Federal Reserve Chairman Janet Yellen went before Congress and confidently declared that "the economic recovery gained greater traction in the second half of last year" and that "substantial progress has been made in restoring the economy to health". This resulted in glowing headlines throughout the mainstream media such as this one from USA Today: "Yellen: Economy is improving at moderate pace". Sadly, tens of millions of Americans are going to believe what the mainstream media is telling them. But it isn't the truth. As you will see below, there are all sorts of signs that the economy...
  • Senate confirms Yellen to chair Federal Reserve

    01/06/2014 4:15:59 PM PST · by markomalley · 19 replies
    AP ^ | 1/6/2014 | ALAN FRAM
    The Senate confirmed Janet Yellen on Monday as the first woman to lead the Federal Reserve, elevating an advocate of fighting unemployment and a backer of the central bank's efforts to spur the economy with low interest rates and massive bond purchases. Yellen, 67, will replace Ben Bernanke, who is stepping down after serving as chairman for eight years dominated by the Great Recession and the Fed's efforts to combat it. Senators confirmed her by 56-26, with numerous absences caused by airline flight delays forced by arctic temperatures around much of the country. All 45 voting Democrats were joined by...
  • Obama: Yellen a ‘fierce champion’ for Americans

    01/06/2014 5:00:07 PM PST · by Olog-hai · 26 replies
    Associated Press ^ | Jan 6, 2014 6:49 PM EST
    President Barack Obama is hailing the confirmation of Janet Yellen as chair of the Federal Reserve. He says she will be a “fierce champion” for the American people. The Senate on Monday voted 56-26 to confirm her, with several senators absent due to flight delays. …
  • Measuring Misery: The Dollar & New FED Chair Janet Yellen

    11/25/2013 6:19:15 AM PST · by IbJensen · 5 replies
    DC Clothesline ^ | 11/24/2013 | Michael Anthony Peroutka
    Did you realize that if you have a dollar bill in your pocket, you actually have a fairly reliable standard of measurement? You see the long side of a dollar bill laid flat on a surface, measures exactly six inches long. Practically speaking, this means that if you have a dollar in your pocket you have a very reliable six-inch ruler at your disposal. Regrettably, what you don’t have at your disposal is a dollar. You see, as a standard of linear measurement, the dollar bill might be a reliable tool, but as a measure of wealth the dollar bill...
  • Janet Yellen And The Fed Caught In a Bear (Liquidity) Trap And Why Interest Rates Will Remain Low

    11/24/2013 10:04:06 AM PST · by whitedog57 · 30 replies
    Confounded Interest ^ | 11/24/2013 | Anthony B. Sanders
    The recent confusion from The Fed over the future of quantitative easing (or money printing) can be addressed with a few charts. Here is a chart of real GDP growth PER CAPITA since 1960. Real, of course, indicates that it is Gross Domestic Product adjusted for inflation. Note that Q1 1984 was the peak of real GDP growth … and it has been a steady decline since then. realgdppercap I added the S&P 500 index to the real GDP per capita chart and you can see that the S&P 500 index spikes when real GDP growth is higher than average...
  • Senate Panel Green Lights Janet Yellen for Fed Chief

    11/24/2013 8:32:28 AM PST · by Son House · 11 replies
    Fox News ^ | Nov 21, 2013 | Matt Egan
    Yellen currently serves as vice chairman of the Fed and as a reliable dove would represent continuity with Bernanke. She has consistently supported Bernanke’s easy-money policies and even seems open to more aggressive moves to fight stubbornly-high unemployment. "I consider it imperative that we do what we can to promote a very strong recovery," Yellen said during her confirmation hearing. Yet Senate Majority Leader Harry Reid announced plans on Thursday to enact the so-called "nuclear option," which would change Senate rules to allow him to approve certain motions with a simple majority rather than 60 votes. Yellen, who was among...
  • Yellen Strikes Out

    11/16/2013 8:37:31 AM PST · by george76 · 11 replies
    The New York Sun ^ | November 14, 2013
    Vice Chairman Yellen’s testimony before the Senate this morning moves us to oppose her confirmation to succeed Chairman Bernanke at the Federal Reserve. We don’t mind saying it’s an odd position for us, since we have great regard for her capacity as a forecaster, her character, and her comportment. She displays none of condescension that Mr. Bernanke so often allowed to show (we once expressed surprise that he wasn’t held in contempt). What transports us into the opposition is Mrs. Yellen’s truculence on the issue of auditing the Fed. ... Senator Vitter .. speaks for a faction in the upper...
  • Janet Yellen’s Fed Has The Makings Of A Potential Disaster

    11/15/2013 11:34:17 PM PST · by Olog-hai · 13 replies
    Forbes ^ | 11/06/2013 @ 8:00AM | Keith Weiner
    President Obama has nominated Janet Yellen to be the next Federal Reserve Chairman. We need to know what she stands for if we want to predict what the central bank will do to us next. Clearly, Yellen will continue Bernanke’s Quantitative Easing, but her papers and speeches show that she is quite different from her predecessor. … … Yellen is all central planner. She gets her ideas, not from Friedman, but from John Maynard Keynes. Keynes did not trust markets, preferring government intervention. His prescribed solution to recession and unemployment is for the government to increase spending and the central...
  • Scotiabank Warns "Janet Yellen Has Ensured An Equity Market Crash Is Inevitable"

    11/14/2013 6:54:52 PM PST · by SeekAndFind · 5 replies
    Zero Hedge ^ | 11/14/2013 | Guy Haselmann
    Authored by Guy Haselmann of Scotiabank,FED – Encouraging the Melt-Up Trade, While Regulating Bubbles Away       The Fed moved ‘all-in’ in 2008/09 when it pushed rates to zero and embarked on QE. Since the Fed basically used its final chips via this action, it became trapped playing ‘this hand’ until the bitter end. The stakes are enormous and grow over time. The only way the Fed can ‘win’ is – as Yellen said today – “to do everything possible to promote a very strong recovery”. Tapering too soon could be calamitous toward this objective. Yet, the longer it continues, the...
  • Stocks up again: Dow 16,000 record in sight

    11/14/2013 1:46:32 PM PST · by SeekAndFind · 59 replies
    CNN Money ^ | 11/14/2013
    Stocks ended modestly higher Thursday after Federal Reserve chair nominee Janet Yellen indicated in a Senate hearing that she will continue to support the economy with stimulus measures. Investors were encouraged and sent the Dow Jones Industrial Average and S&P 500 to new records. The Dow is now just 1% from hitting 16,000, while the S&P 500 is less than 1% from 1,800.
  • Cruz Backs Paul’s Strategy for Audit the Fed Vote

    11/13/2013 7:39:10 PM PST · by Tailgunner Joe · 3 replies
    rollcall.com ^ | November 13, 2013
    Sen. Ted Cruz announced Wednesday that he is backing an effort by fellow Republican Rand Paul of Kentucky to get a vote on auditing the Federal Reserve as a condition for considering the nomination of Janet L. Yellen to be chairwoman of the Fed. “I agree with Rand Paul: before the Senate votes on whether to confirm Janet Yellen, we should at the very least allow a vote on the Audit the Fed bill,” the Texas Republican said in a statement. “The Federal Reserve has expanded our money supply by trillions, benefiting Wall Street but making life harder for millions...