Spot the idiot.

[Deleted]

YELLEN SAYS BENEFITS OF QE STILL EXCEED THE COSTS

source

You don't say!  Because with an easy money policy inflating a bubble you usually don't see the costs until the bubble pops.  At which point everyone proclaims they never saw the bubble and demand to be bailed out.

Here's your sign.


I have an idea.  Let's get a kitten high on LSD and chasing it's tail to run the Fed.  What more could possibly go wrong?

[Deleted]

But wait, there is more!

YELLEN SAYS QE IS NOT AIMED AT HELPING TO FINANCE U.S. DEFICIT

It is just shockingly unexpected that it turns out that way! At the very time when the country has been running unsustainable deficits!

It.
Is.
Just.
A.
Coincidence.

Repeated on a monthly basis to the tune of a few trillion dollars.

Uhhh... yup!

[Evil Yoda]

So she's not even in office and she's started with the lies. How sad.

[redleg]

Nov 14, 2013 16:05:21 GMT -5 Evil Yoda said:

So she's not even in office and she's started with the lies. How sad.

She's being put in that office because of her willingness to lie. What's new in this regime?

[Deleted]

More on the topic.

Despite Janet Yellen's commitment to continue supporting the economic recovery the transmission system of government interventions is clearly broken. As noted in the chart above, it has taken $35.17 of government intervention to generate $1 of economic growth over the past 5 years. More importantly, the rate of diminishing returns is increasing. In other words, it is taking consistently more dollars of intervention to create an incremental increase in economic growth.

In the meantime, as shown above, the continued liquidity programs from the Federal Reserve continue to boost asset markets towards more exuberant levels. However, despite signs of a potential market "bubble" Janet Yellen clearly sees no such thing:

Via Bloomberg

YELLEN SAYS FED DOESN'T SEE BUILDUP OF FINANCIAL RISKS

YELLEN SEES LIMITED EVIDENCE OF ‘REACH FOR YIELD’

YELLEN SAYS FED LOOKS OUT FOR ANY POTENTIAL ASSET PRICE BUBBLES

YELLEN DOESN'T SEE `MISALIGNMENTS' IN ASSET PRICES

Of course, since the Fed has never acknowledged a market bubble in advance, this time is likely to be no different.

SSDD

[Evil Yoda]

Damn. This is the thread I was looking for when I posted this link to an article quoting the CEO of a capital company. He asserts that Yellen was clueless about the housing bubble, seems not to learn from her mistakes, and does not understand the hazards of QE.

[Deleted]

But... but... I have $500 trillion in cash! Cold. Hard. Cash. Surely that reality cannot be a testament to ideology gone horribly wrong. Can it?

[Deleted]

Here ya go!

“For my own part,” Ms. Yellen said, “I did not see and did not appreciate what the risks were with securitization, the credit ratings agencies, the shadow banking system, the S.I.V.’s — I didn’t see any of that coming until it happened.” Her startled interviewers noted that almost none of the officials who testified had offered a similar acknowledgment of an almost universal failure.

source

Shockingly unexpected, she doesn't see it now as it continues to benefit fat cat bankers and spend happy politicians.

It is a fiscal Groundhog Day.