Posted on 10/10/2013 1:30:32 PM PDT by whitedog57
The stock market has rallied significantly since President Obama nominated Janet Yellen to replace Ben Bernanke as Federal Reserve Board of Governors Chair. Yellen is committed to both sides of The Feds dual mandate of bolstering employment while keeping inflation in check.
But the equity markets like Yellens record as a dove meaning looser monetary policy and a possible delay in any tapering.
djia1010
Alternatively, the market could be responding to a possible debt ceiling stall by House Republicans that President Obama approve of. But Yellens record as a dove (she was the architect of quantitative easing) is greeted with glee by Wall Street.
preview FOMC 2014
Here is a chart of Fed Asset Purchases and the S&P500 index. Yes, Wall Street will LOVE Janet Yellen!
spxfarbst
Here is a chart of Fed Asset Purchases and the U6 unemployment rate and YoY CPI changes (as a proxy for inflation). It looks like inflation is falling slowly along with U6 unemployment rate. Very slowly.
dualmandate
Gold and silver prices are not so positive after QE3 was announced in 2012.
farbstgoldsilv
The worst chart of all: Real Median Household Income is running directly the opposite of The Fed expansion of their balance sheet. And we wonder why mortgage purchase applications are flat to falling?
medhincfarbst
Yes, Janet Yellen is a dove, so we can expect more of the same. Particularly if employment doesnt speed up and real median household income continues to decline.
The_Dove_lobby_card (1)
Remember the scene in the beginning of Terminator 2 where the young John Connor taps the ATM? “E-Z Money!”
That’s Janet!
But the equity markets like Yellen’s record as a dove meaning looser monetary policy and a possible delay in any tapering.
Alternatively, the market could be responding to a possible debt ceiling stall by House Republicans that President Obama approve of. But Yellen’s record as a dove (she was the architect of quantitative easing) is greeted with glee by Wall Street.
Here is a chart of Fed Asset Purchases and the S&P500 index. Yes, Wall Street will LOVE Janet Yellen!
Here is a chart of Fed Asset Purchases and the U6 unemployment rate and YoY CPI changes (as a proxy for inflation). It looks like inflation is falling slowly along with U6 unemployment rate. Very slowly.
Gold and silver prices are not so positive after QE3 was announced in 2012.
The worst chart of all: Real Median Household Income is running directly the opposite of The Fed expansion of their balance sheet. And we wonder why mortgage purchase applications are flat to falling?
Yes, Janet Yellen is a dove, so we can expect more of the same. Particularly if employment doesn’t speed up and real median household income continues to decline.
yellen is just a typical democrat
loves gov spending hates markets
she is about a thousand times worse than bernanke
dive, dive, dive....
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