Yellen is such a putz

Scataphagos

Scataphagos

One day she says, "might have to raise rates a bit to cope with this inflation". (Maybe that was a trial balloon to see how the markets might react?)

Market goes down 1% that day.

Next day she comes out with, "I never said that".
 
Tsing Tao said:
They all make it up as they go. Yellen, Powell, Bernanke, all of these fools have no idea what they are doing.
More...
They don't need to when nobody dares to hold them accountable for their actions/failures
 
gwb-trading said:
Yes... but most congress critters appear to be even stupider than them in the questioning sessions.
More...

Precisely my point. If you had people with the intelligence of toddlers asking you softball questions for public record, wouldn't you be less concerned with what you did? I know I would.
 
Tsing Tao said:
Precisely my point. If you had people with the intelligence of toddlers asking you softball questions for public record, wouldn't you be less concerned with what you did? I know I would.
More...

The real issue with these congressional hearings is not the softball questions but the reality most Congress people are so ignorant of the basics of economics, money supply, business, and finance that they can't even put together intelligible questions.
 
I think the real issue is Congress has zero authority over the bank in terms of real oversight. Their only control would be to pull their charter. However the banks members and the financial companies controlled by their spigot are some of the largest campaign contributors ... bribe payers. They own dems and Republicans. Their only real competitor for ownership is China.
 
You must log in or register to reply here.
Back
Top