LIES.
Housing starts are down. New mortgages are down. Resale requests declined by 50% over last year.
Just like 2007 leading into 2008.
It’s going to be a bloodbath.
AFTER the midterms, she will ADMIT that there is a recession.
With all th mistakes she’s already made it’s easy to ignore what she says.
This academic has no idea at all what she is yapping about. She’s never put together a business plan or made a payroll. Totally clueless and blind to reality. Naturally, a perfect fit for the Swamp.
They’re just gaslighting now.
Orwell wrote about this.
It’s happening here all right.
Anybody in the Brandon RAT administration know what the hell is going on? Try taking you own car to the gas station to find out. Then go to the supermarket and buy some groceries. You can get some pretty damn good hints pretty damn quick.
I thought we were in a recession when the economy slows down, and in a depression when the GDP actually sinks. Is that not the case?
A word of warning to the megalomaniacs infesting the Democrat party: If you’re counting on the conservatives you’re currently abusing forgiving and forgetting your Constitution destroying behavior, you are delusional. The BIG difference is that when WE come for YOU, we’ll have an arrest warrant in one hand and the Constitution in the other!
https://www.foxnews.com/opinion/tucker-carlson-bannon-found-guilty-crime-democrats-never-convicted
The worst part is enough voters may be stupid enough to fall for it.
When do the GDP numbers come out? Could she be spinning bad news like the dems always do in the hopes the sheep buy it?
Whenever I see Yellen on TV, I’m reminded of the Sam Kinison’s joke about Dr. Ruth.
“I don’t know where she comes from. There’s a Haagen-Dazs somewhere missing a night manager”.
This is going to be a humdinger of a week, ain’t it?
FYI, recessions ALWAYS include a drop in gas prices.
Lying bastardette.
Well we'll find out this week when the 2Q GNP growth figures come out.
Yellen was hired by Obama after her disastrous performance as President of the Federal Reserve Bank at San Francisco. While there (2004-2010) she had her head in the sand on the housing bubble building right under her in her own jurisdiction. Her comments in the S.F. meeting minutes showed she was in denial all the way till the shit hit the fan. Then she followed that up with denial that it posed a systemic risk to the financial system, until that too proved wrong.
Obama then made her head of the Federal Reserve, where she continued Bernanke’s money printing “rescue plans” and kept up the inflation building by Federal Reserve fiat that continued all the way till now.
And following Obama Biden appoints her Secretary of the Treasury.
Why? Why? Why?
Because Yellen says, and has always said what the politicians wanted her to say. She was and remains an academic with no real world money experience where her own, or a company’s, finances are dependent on her decisions.
Actually the vast majority of the Federal Reserve is made up of such people. A lot of acedemic theory and very little real life experience.
Since 2004 Janet Tellen has been placed in the wrong place at the wrong time - unless helping to destroy the American economy was really what someone hoped she’d help accomplish.
If a Republican were in office it’d be declared the worst economy ever.
One day when historians analyze the decline of a great nation, they will note that for the first time in recorded history, early 21st century America elected and selected large numbers of demented, strange old ladies for high political and appointed offices.
Best economy in the history of the world. ...until the May figures came out.
Best economy in the history of the world. ...until the June figures came out.
What will the July figures reveal? FED meet later this week. Will they hike another 3/4 pitiful point or will they be bold? Will inflation be better or worse. Stay tuned ...