More winning.
More winning.
Why does her statement make me nervous?
Every time I see Yellen, I am reminded of Aunt Clara.
“Peace in our time”
Unless Soros needs to cause another one.
This won’t even make a dent in the profits of the doomsayers.
Last year this time there was this effort by some person/entity to declare that by October, the nation was going to come to a financial end. Why it was inevitable.
Up until recently you could go to KitCo and find an add there by a guy being called the Trump Prophet, for predicting Trump’s victory. He’s now predicting financial uncertainty.
I get so tired of this incessant noise.
OK.
With all the perma bears saying we are doomed, I don’t worry.
When the fed chief says we will never crash, I want to go to hard metals and lead and prepare for Fallout 5, live.
Interesting timing. Italy bailed out two banks this past weekend, to the tune of between €5 and €15 billion.
This increases the chance of financial crisis in the near future.
Banks are very much stronger because the Fed has given them nearly 10 years of zero interest rate borrowing from the Federal Reserve, while loaning to the rest of us at anywhere from 4%-20%
Quantitative Easing was also passed through the Fed’s primary dealers - borrow 0% money to buy Treasuries yielding 3%, then sell them to the Fed at a profit.
Banks now have massive reserves on deposit at the Fed.
All that money was strip-mined from the American people.
Yellen is blatantly lying.
The fed can create a banking crisis anytime it wants to.
TRANSLATION: “Run for your life!”
One very stupid woman.
Financial peace, anyway.
Works every time...
Yellen was a Federal Reserve governor back in 2007, and in a speech in Reno, Nevada back then she “brushed off concerns about a housing bubble (which was at the time spectacularly obvious in Reno.
She said then:
“While the decline in housing activity is significant and will continue for awhile longer, I think the concerns we used to hear about the possibility of a devastating collapse - one that might be big enough to cause a recession in the U.S. economy - have been largely allayed.”
[from the book “Fed Up” by Danielle DiMartino Booth, page 89]
As governor of the Federal Reserve Bank of San Francisco, the line spoken by Yellen in 2007 was similar to comments of hers demonstrating little concern (and a lot of ignorance) about the growing housing bubble, for years; though she presided over a Federal Reserve Bank whose territory included some of the hottest spots in that bubble.
Long before 2007, Yellen at eclipsed the height that the Peter Principle could ever be imagined to take anyone.
Nothing she says today should be taken as spoken by a true authority on any subject she speaks.