The Amazing Janet Yellen

by on July 12, 2017 at 7:37 am in Economics | Permalink

The latest video in our Principles of Macroeconomics class at MRUniversity introduces monetary policy and the amazing Janet Yellen. I do hope that she isn’t fired as we shall then have to change some heads.

1 Ray Lopez July 12, 2017 at 7:57 am

Parody noted about “amazing” JY, given that money is largely neutral. The Wizard of Oz was also impressive, as the creator of that Fed Reserve analogy parable film noted.

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2 Sam Haysom July 12, 2017 at 8:12 am

Just what we need, Janet Yellen, another Cuckservative.

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3 Thiago Ribeiro July 12, 2017 at 8:28 am

She is the Chair(wo)man of the Federal Reserve America needs, but mot the one America deserves now.

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4 Dick the Butcher July 12, 2017 at 8:49 am

Yellen can’t be fired. Maybe she could be impeached or removed by Congress. They don’t have to keep her on permanently, either.

“Amazing” since November we have had more fuller employment and more stable (below inflation target) prices. Slow growth. The best GDP growth rate year under Obama was lower than the worst year under Bill Clinton.

Just wondering, at what point does monetary policy cross the line to financial fascism? Negative real rates? Untrammeled asset purchases? Was it when the EU/ECB forced euro zone (Iceland refused) citizens to bail out their counties’ banks by paying bondholders.of huge, insolvent banks?

Amazingly, “. . . the Fed has attained an unprecedented prominence – precisely because of its past policy failures.” Dr. Henry Kaufman.

We’ll see in 4Q2017 what happens when Amazing Janet et al begin selling/not rolling over/unwinding the bloated Fed BS.

The Russians Are Coming! The Russian Are Coming! zzzzzzz

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5 Bill July 12, 2017 at 8:56 am

Dick,

The only one likely to be impeached is Donald Trump. Here are the latest betting market predictions of Donald’s impeachment before the end of 2018: https://www.predictit.org/Contract/5367/Will-Donald-Trump-be-president-at-year-end-2018#data Yes is selling for 66 cents; no for 38 cents.

I didn’t see Yellen in the prediction impeachment market, so maybe you can open a line and lose some money.

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6 Bill July 12, 2017 at 8:58 am

Correction: Its whether he will be President at year end. He could step down or die from his hair coloring.

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7 MOFO July 12, 2017 at 9:08 am

I assume you have a hefty bet on ‘No’ then?

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8 Bill July 12, 2017 at 9:12 am

Mofo, If you believe in efficient markets, it wouldn’t pay for me to bet unless I had information different than the market.

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9 The Anti-Gnostic July 12, 2017 at 9:39 am

Not an argument.

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10 Thiago Ribeiro July 12, 2017 at 9:39 am

American leading magazine Foreign Policy says Trump’s White House’s walls are crumbling. America’s political system has been already demoralized by corruption and idiocy. However, one wonders if Clinton would be better and if any president would, even one lacking Clinton’s and Trump’s vices, would be able ro reverser America’s slide into disaster.

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11 Dick the Butcher July 12, 2017 at 1:54 pm

Bill,

Maybe you would have understood my comment if I used smaller words you would have understood the casual “dig” I made at the Fed. .

Anyhow, don’t let the facts get in the way of your pathological hatred of Presidential Donald J. Trump.

In fact, the only real evidence of Russian collusion in the glorious 2016 Election is the so-called Trump Dossier which someone like Putin gave to the DNC which aired it to try to derail America’s last best hope.

Dammit! I don’t have the time to find a three-letter-word for each one in this. One hallmark of totalitarianism is the unequal enforcement of laws against political enemies. The lying media-fabricated Trump unlegal (what statute was violated?) offenses are weak tea compared to the scores of actual crimes Hillary committed.

Each and every day since Donald J’ Trump announced his intention to run for POTUS, the lying media has fabricated stories of his political demise. Naturally, none of it struck. Because it is all bull shit.

His only crime is that to have seriously beaten HRH Hillary who is a serial felon that should have been in prison instead of running for POTUS.

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12 Bill July 12, 2017 at 2:56 pm

Dick,

Your comment is the only comment that I have ever seen that looks like a parody of itself.

I can’t wait to see what the next explosion looks like.

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13 The Anti-Gnostic July 12, 2017 at 3:58 pm

You’re in for a long eight years.

14 Bill July 12, 2017 at 7:27 pm

Anti,

Quick. Place your bet online. Maybe they will open a line on 8 years.

Tempus fugit.

15 Brian Donohue July 12, 2017 at 9:44 am

Negative (real) interest rates were largely due to trillions of dollars piling into cash in the wake of the 2008 financial crisis. Slowly, as the crisis has abated, negative interest rates have also largely disappeared. Look at TIPS yields.

The Fed deals in nominal interest rates, and almost all of their control is at the very short end of the curve.

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16 Shaun Marsh July 12, 2017 at 1:15 pm

Yeah, it’s amazing indeed. I too hope that things continue in same way as we go ahead. It will be interesting what happens next but got to watch it very closely given the impact it could have on the market. I am always prepared which is helped by broker like OctaFX who got excellent setup from having 50% deposit bonus that’s usable and have many other benefits too, so all that helps in working and keeps it all going pretty smoothly.

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17 Per Kurowski July 12, 2017 at 2:28 pm

What are we to do with bank regulators, like the Fed, who think more people die in motorcycle than in car accidents?

http://subprimeregulations.blogspot.com/2017/07/what-if-traffic-regulators-to-make-your.html

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18 The Anti-Gnostic July 13, 2017 at 12:18 am

If you wouldn’t trust a central committee to manage the supply of bread why would you trust a central committee to manage the supply of money?

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