Good news: welcome to the first chairwoman of the Federal Reserve.

I don't blame it on him. Its hard to put blame on a person put in charge of a fundamentally flawed system with a dual mandate with goals that counteract each other. As much as I hate to say, Pouhe is right. If you blame Bernanke, you'd have to also blame Greenspan, but you can really go further and blame the entire system.

 

It's been clear treeman is more of a skimmer, than a reader. Either that, or he just lacks any real understanding of what he reads.

 

It's madness that one unelected person or group of persons can have that much power over the economy.

Need to find ways to weaken the power of the Fed.

Allowing alternate currencies is one way. Give them some competition.

 

If the first bit of good news you have to declare, Northside, is that the Federal Reserve will be run by a woman and not a man, then I won't take your remaining points very seriously.

I doubt whether the Fed will announce any major policy decisions tomorrow since Bernanke will be out in such a short time. I do feel that Obama will appoint someone other than Yellen. She is not one of his people.

 

yes of course just bc the government tells us there is no inflation that means there clearly must be no inflation.

1.My parents house over 15 years rose almost 200% within houston
2.Steaks at a nice steakhouse used to be $29-35 a decade ago are $59 today.
3.I started driving in early 2000s and gas was $1 today it's nearly $4
4.$100,000 was a dream job when I was 16, it's a waitress at roak's pay now
5.A gallon of milk is nearly $6 now
6.Groceries in general are up big
7.Flying to europe used to be $300 or less, it's $1000 minimum for coach today

if you think inflation isn't rampant bc the government says so you're a fool. I don't really care bc all this inflation hasn't affected me but it is rampant.

 

And the price for on screen ATM keeps going down.

Sux 2 b u bro.

Sad face

 

eddiewinslow LOL

 

If the economy is so great why don't they taper.

/thread

 

Property values going up is due to inflation? LOL. Try "supply and demand". You know, just like how you made X percent profit on your supposed stock investment.

 

I am studying business and economics at UT, and the fact that Yellen wants to continue quantitative easing is driving us all (liberals AND conservatives) crazy. The government cannot continue this type of policy forever. The longer we continue this policy, the harder the fall when we come off of it. Risks include capital flight to other countries, damages to loans, savings, and pensions, high inflation, housing market over-supply, and increased wealth inequality.

 

Well if you believe that start building short positions. A lot of people made a lot of money during the crash.

 

The taper will very likely start after the govt has cleaned up its mess.

 

Can they find someone shorter after Yellen?

 

Rand Paul threatening to filibuster Yellen nomination until a vote is taken on auditing the Fed

http://www.nysun.com/editorials/paul-v-yellen/88470/#comment_submit

It will be interesting to hear why Yellen thinks this is a bad idea.

Taper will never start, Fed is terrified of what will happen if they stop inflating the stock market.

 

I'd be curious to know what Aqua Buddha would be looking for in an audit, and what he'd do if he found it.