Announcement

Collapse
No announcement yet.

Yellen Confirmed as Fed Chair

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • BK
    replied
    Re: Yellens 2005 Commentary on Housing - if a bubble popped

    Just another indicator that the men/women in charge are clueless. Here is what Yellen thought a popping of the real estate bubble might do to the US Economy:

    "In answer to the first question on the size of the effect, it could be large enough to feel like a good-sized bump in the road, but the economy would likely to be able to absorb the shock.. For example, a reversion to the long-run price-rent ratio would appear to represent a shock that is only about half the size of U.S. stock market collapse in 2000 and 2001.

    In answer to the second question on timing, the spending slowdown that would ensue is likely to kick in gradually, because it mainly affects household wealth. That would give the Fed time to cushion the impact with an easier policy."

    http://www.frbsf.org/our-district/pr...policy-london/

    Leave a comment:


  • verdo
    replied
    Re: Yellen Confirmed as Fed Chair

    Originally posted by Jam View Post
    Love the picture that accompanied this article
    http://www.streetinsider.com/Fed/Fed...s/8894371.html

    haha, that was awesome. Tbh I do think yellen is less of a banker puppet than Bernanke but that doesn't mean she wont follow the status quo anyways

    I just bought Eric's book on the ibook store, as I think its a great time to start reading it. Gold is around those 2010 levels when the book was released, so I'm looking forward to diving into it
    Last edited by verdo; 01-08-14, 07:40 PM.

    Leave a comment:


  • lektrode
    replied
    Re: PC Roberts: "it blows the mind"

    Originally posted by don View Post
    "This is not normal. What will they do next? I don’t know.”
    as per usual, mr don - this looks like a riveted-to-the-screen item - but hafta git, so will save for later

    always like to hear what PCR has to say - he might be the only one left who knows (and will talk about) where all the good bones are, ie: 'where all the bodies are buried'
    (sides metalman ;)

    Leave a comment:


  • don
    replied
    PC Roberts: "it blows the mind"

    "This is not normal. What will they do next? I don’t know.”



    Leave a comment:


  • Forrest
    replied
    Re: Yellen Confirmed as Fed Chair

    Does the President really choose the Fed Chairperson? Do the ranking politicians who may run for President even know how critical the job holder's performance can be to his/her success? Or will the next President's handlers manage the affair?

    I hope Ms. Yellen is good at her job...it will be better for us all if she is.

    Leave a comment:


  • EJ
    replied
    Re: Yellen Confirmed as Fed Chair

    Originally posted by lektrode View Post
    yep, +1
    and - 'good things come in small packages' - lets hope ms yellen's stature/acumen/results = mr volcker's
    I've met all three, Volcker in NYC and Bernanke and Yellen in Boston. The picture of relative diminutive stature is appropriate. Volcker is a giant. He towers over you. Shaking his hand you feel like a child shaking hands with an adult and I'm not small. Bernake's hand was soft and his handshake nervous and tentative, like his speeches. I get the impression that he, unlike Greenspan whom I've not met, can't wait to get out of the public eye. I made no motion to shake Yellen's hand as the eye contact did not invite it. She'd just given this presentation that, as it turns out, was a job interview for the next Fed chair. Job interview with whom, is the question.

    Leave a comment:


  • gwynedd1
    replied
    Re: Yellen Confirmed as Fed Chair

    Originally posted by lektrode View Post
    yeah - and eyeballin it once again, am glad that i'd just finished my 2nd cup o joe

    ;)
    My Broker using a proprietary formula says that the next Fed chair will be 4' 10".

    Leave a comment:


  • lektrode
    replied
    Re: Yellen Confirmed as Fed Chair

    Originally posted by Rajiv View Post
    She is a very savvy and intelligent woman. ....However, for her to be successful, at the very least, the T would have to play along.
    and THEN theres the C
    and where stuff starts gettin dicey...

    Leave a comment:


  • lektrode
    replied
    Re: Yellen Confirmed as Fed Chair

    Originally posted by shiny! View Post
    Good things come to those who wait. Looking forward to your article, EJ.
    yep, +1
    and - 'good things come in small packages' - lets hope ms yellen's stature/acumen/results = mr volcker's

    Leave a comment:


  • shiny!
    replied
    Re: Yellen Confirmed as Fed Chair

    Good things come to those who wait. Looking forward to your article, EJ.

    Leave a comment:


  • EJ
    replied
    Re: Yellen Confirmed as Fed Chair

    Originally posted by lektrode View Post
    yeah - and eyeballin it once again, am glad that i'd just finished my 2nd cup o joe

    ;)
    When I met her at a Boston Economics Club meeting at the Boston Fed June 2012, as she looked up at me while we spoke I have to admit I was briefly reminded of conversations with my grandmother.

    It's worth reviewing the presentation she gave us. It will be interesting to see how markets interpret the rate hike policy models presented then.

    If the Fed under her leadership returns to policy-based decisions then it's either rate hikes this year per the Balanced-approach rule or in 2015 per Optimal control.

    This will be discussed in the article scheduled to be published Monday Jan. 13.

    Leave a comment:


  • Rajiv
    replied
    Re: Yellen Confirmed as Fed Chair

    She is a very savvy and intelligent woman. She did a marvelous job at her hearing. As I said "she was indirectly responsible for my getting an A in the core PhD Macro course." Without it, I would have gotten a B and would have had to leave the program. To me that was an example of her political savvy. My own gut feeling is that she will do much better than old Ben. However, for her to be successful, at the very least, the T would have to play along.

    Leave a comment:


  • don
    replied
    Re: Yellen Confirmed as Fed Chair

    It wouldn’t be a pretty situation for poor Ms. Janet Yellen, but nobody forced her to take the job, and she’s had the look all along of a chump, the perfect sucker to be left holding a big honking bag of flop.
    Jim Kunstler's take on the new "man".

    Leave a comment:


  • Rajiv
    replied
    Re: Yellen Confirmed as Fed Chair

    I would also like to remind everyone that Yellen is married to George Akerlof - who wrote the book on control fraud. Let us see how much of her husband's thinking creeps into Fed policy - Maybe Bill Black has an ally at the Fed.

    As regards Mike Whitney's prediction, the problem is that the Fed and the Treasury and Congress have to work hand in Glove - but at least one of the three is totally dysfunctional at the moment

    Leave a comment:


  • lektrode
    replied
    Re: Yellen Confirmed as Fed Chair

    yeah - and eyeballin it once again, am glad that i'd just finished my 2nd cup o joe

    ;)

    Originally posted by Jam View Post
    Love the picture that accompanied this article
    http://www.streetinsider.com/Fed/Fed...s/8894371.html

    Leave a comment:

Working...
X