WOW who would have thought... This is so fucking pathetic. Can the fed just come out and say were not going to raise the fucking rates for another 4-5 years, this is getting sooooo drawn out its tiring at this point to listen to this garbage about when and how they are going to raise rates, everyone knows they are bowing to wall street, rates at this point should be 3-4%, but nope, when you have trillions on your balance sheet even a .75% is way too much to handle....I can't wait to see what they do next in the next recession or collapse in the economy because if you really think about, they have nothing left, they backed themselves into a corner and the only way to keep this bubble growing is with 0% interest rates and trillions and trillions of dollars in stimulus. Lets see a real market place where rates are 4% and there is no such thing at ZIRP and QE and TARP.... TOP NEWS & ANALYSIS[/paste:font] Yellen: No rate hike for next couple FOMC meetings Yellen presents her semiannual monetary policy report to Congress on Tuesday before the Senate Banking, Housing, and Urban Affairs Committee.
NASDAQ up 9 days in a row, if its up today that makes 10 days....The longest run since Sept 2010 when it ran 9 days in a row for a gain of 6.7%... oh and what do you know, nasdaq just turned green....with yellen talking today and tomorrow she will only be dovish and talk up markets and let wall street know there is no such thing as a rate hike in June or Sept 2015 this should push the markets to new highs and the nasdaq to 5000 by friday... If the nasdaq was down 9 days in a row they would have called for an emergency fed meeting mid day during market hours to pump more QE into the system, remember 9 up days in a row is fine, 9 down days in a row and emergency fed meetings will take place!
This one says that yellen opposes an "AUDIT THE FED" Well do you really think yellen would allow anyone to audit the fed!! TOP NEWS & ANALYSIS[/paste:font] I strongly oppose 'Audit the Fed,' Yellen says Federal Reserve Chair Janet Yellen testified before Congress after presenting her semiannual monetary policy report. • Read: Yellen's preparedtestimony
yellen and BUBBLE ben bernanke will be in front of congress for many years when they realize the next collapse in the economy had everything to do with ZERO interest rates, TARP, QE, QE 2 QE 3 and probably QE 4 and QE 5Trillions in free bailouts and unlimted world wide bailouts to every worthless bank around the world. The only reason why you aren't seeing them question them now is because the markets have been in a bull market for 6 straight years, once the markets collapse and liquidity is gone yellen and bernanke will be back at capitol hill on a daily basis being questioned on why they created such a scene that should have never existed in the first place, trust me QE and these free bailouts have done more harm than good for this economy, it just hasn't been seen yet. Give it time, once everything falls apart it will be clear that BUBBLE ben bernanke and yellen had no clue how to fix a crisis.
Yellen: Yes, (the assets on the balancesheet) does exist. Then she covers her mouth... http://www.bodylanguagematters.com/body-language-of-lying/ OMG.
Look how happy ron insana is about how yellen just announced that rates aren't going up...Why i don't understand is that every time I hear a bull talk on cnbc they talk about how great corporate profits are, how unemployment is below 6%, how strong growth is in the US with GDP between 2-3% yet every time yellen announces she is holding off on rates they say wow what a great idea....yellen announced "significant slack in labor markets" hahaha really, why because wages have been stagnant for how many years, I guess it has nothing to do with bernanke mentioning a couple of years ago that rates would rise once the unemployment rate fell below 6.5%, well were way beyond that yet rates still at 0%...all these talking heads are saying how the fed should hold off on raising rates until Sept 2015 or earlier 2016 and I can guarantee you that when Sept comes they will mention how the fed should hold off until 2016 comes and when 2016 comes they will say 2017....and so on, thats why rates aren't going up, they will use china and the rest of the weakening emerging markets as an excuse not to raise rates any time soon. Right on, Janet Yellen! Ron Insana | @rinsana 44 Mins AgoCNBC.com 30 SHARES 23 COMMENTSFederal Reserve should be. Janet Yellen's testimony on Capitol Hill that rates will stay lower for longer is right where the Federal Reserve should be. The Fed chair pointed to significant slack still in the labor markets, weak overseas economies, including China, and inflation that remains below the Fed's stated 2-percent target. Read MoreYellen: No rate hike for next couple FOMC meetings Kevin Lamarque | Reuters Janet Yellen Housing, at home, is sluggish, at best and overseas economies are weak enough to pose a risk to domestic economic growth. While the U.S. economy is steady to stronger, the world economy is quite fragile and it will take several months to determine whether or not the world can withstand higher U.S. rates. From my perspective, this means that a rate hike could come no sooner than September. Some believe that a June rate hike is still on the table, but the way in which Yellen has suggested it will take a couple meetings simply to begin considering raising rates, means that we're, at least, six months away from a move. I still think the Fed waits until 2016 to start raising rates, assuming the data support higher rates. It has been a long slog for the Fed, holding rates at zero, but it has been necessary since the economy has been recovering, not fully, from the ill-effects of the worst recession in decades. Janet Yellen is protecting the economy, protecting workers and ensuring the U.S. recovery can withstand headwinds from across both ponds. Monetary policy is driven by domestic concerns, unless global issues become a concern here at home. Fed on hold, the markets will like this. However, we need to keep an eye on long-term interest rates. If they rise, it could suggest that the bond market sees something different than the Fed sees. In that case, the debate begins anew.
oh and apple is up for the 587the day in a row. now with a market cap approaching $800 billion. Nasdaq up 10 days in a row, should reach 5000 by tomorrow or thursday after yellen announces for the 100th time that rates aren't going up soon, notice how she opened up in the first few moments that rates weren't going up, just to calm wall street yet again. Because remember the fed ALWAYS bows to wall street.
LIVE watch yellen talk about how she will keep rates at 0% for the next decade! http://www.c-span.org/video/?324477-1/federal-reserve-chair-janet-yellen-testimony-monetary-policy as long as yellen is in office she will bow to wall street and keep expanding the fed balance sheet to keep gains on wall street rolling in. Don't worry about the debt service with the $18 trillion in debt the country is in keep ignoring the $18 trillion in debt the US is in and while your at it keep raising that debt ceiling because that day is coming again... HAHAHAHA. fools