Jim Rogers says Yellen has no clue

[S2007S]

Can we just all agree that yellen doesn't have a clue what she is doing, I mean you can clearly see it during the Q & A sessions....even BUBBLE ben bernanke had no clue, bernanke didn't fix anything with QE and that will show in due time...

 

[marketsurfer]

I didn't say, "Yellen specifically doesn't have a clue". (I don't believe we know yet whether she does or not.) My point was that there is a difference between "bureaucratic, theoretical view" and "real-world" business sense. (I think I'd like a Carl Icahn or Wilber Ross-type at the helm rather than a Yale PhD bureaucrat.) I remember taking Economics in college and thinking nothing other could torture and bore my mind so much. Who knew such pursuits could be worth so much to so many??

And as for "[she's] got a longer term view" than the rest of us... is that sort of like "God works in mysterious ways"?

Could be.... when the Big Time Crash hits... we'll all recognize that Greenscam, Bernanke, and Yellen were all full of shit! Jury is still out on that according to some.

I don't fully disagree with you. Having an experienced , proven and educated business leader at the helm makes sense.

surf

 

[Troy Bombardia]

Jim Rogers has been pretty spot on about gold and silver before. However, his track record for U.S. stocks and the Federal Reserve's actions is pretty bad. Just read his interview in Market Wizards. His prediction was pure doom and gloom, and then we had the roaring 1990s.

http://investingtrack.com/our-guess-the-fed-will-not-raise-interest-rates-in-2015/

 

[Fractals 'R Us]

Is this the Jim Rogers that was telling everybody to learn Mandarin a few years ago?

 

[cdcaveman]

Yellen was handed a bag... Lets just hope everything works out.. I personally like the United States.. Everyone would like to believe they know what can happen.. It's an unknown.. Uncertainty is risk.... I just wanna be unbiased enough to trade whats happening when it happens..

 

[Nine_Ender]

Can we just all agree that yellen doesn't have a clue what she is doing, I mean you can clearly see it during the Q & A sessions....even BUBBLE ben bernanke had no clue, bernanke didn't fix anything with QE and that will show in due time...

No, I think its far more likely that you don't have a clue. Let's compare educational and applicable work experience background between you and the Fed head. Quite seriously, what is it in your background that makes you think you are qualified to analyze long term monetary policy. Be specific.

 

[cdcaveman]

No, I think its far more likely that you don't have a clue. Let's compare educational and applicable work experience background between you and the Fed head. Quite seriously, what is it in your background that makes you think you are qualified to analyze long term monetary policy. Be specific.

If you thought it was such a unqualified ridiculous claim you wouldn't have put effort into a response... Every Austrian economists has an explanation for what happens after prolonged credit expansion... The keysian school has one as well... People are riding the wave of cheap money... It has its consequences I don't think anyone would argue that. Let's just hope it works out

 

[Tsing Tao]

Completely false. The brightest and best PhD finance and economic people are recruited by central banks--- Yellen is a Yale PhD.

Talk about nonsense. Academics doesn't make someone the "best", unless all you're looking at is academic credentials.

If the Fed is so full of brilliance, why do we continue to have bubble/bust/bubble/bust, etc. Couldn't these geniuses foresee any of the economic calamities they, themselves, create?

 

[cdcaveman]

Talk about nonsense. Academics doesn't make someone the "best", unless all you're looking at is academic credentials.

If the Fed is so full of brilliance, why do we continue to have bubble/bust/bubble/bust, etc. Couldn't these geniuses foresee any of the economic calamities they, themselves, create?

By any logic relative to educational credentials LTCM would have never blown up... Remember guys the fed is the biggest market speculator out there... You really don't want them to completely blow out... I totally agree... Fed creates problems and trys to solve them with the instruments that created them...

 

[zdreg]

The problem with guys like Rogers is they have zero control whereas Yellen has 100% control.

He would be smarter to "befriend" and influence her rather than mouth off.

Actually, yellen is quite bright. However this doesnt mean she will make the best decision
surf

1. who are you buttering up with your non sequitur post?
2. she follows the progressive party line, kowtowing to her boss, obama. so much for the independence of the Fed which nowadays is a mere fiction.
3. you are the perfect one to tell Jim how he could be smarter. you gave advice to neiderhoffer. now he is bankrupt but still leading the good life.