iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,473 Blog Posts

Yellen Fires Shot Across Trump’s Bow, says Fiscal Stimulus Not Needed

This is sure to draw the ire of the God Emperor.

In an obvious jab at President Elect Trump, Janet Yellen said fiscal stimulus wasn’t needed in order to achieve full employment. That’s sort of a meangingless shit statement, designed to piss people off.

The point of having fiscal stimulus is to invest to create better paying jobs, instead of the shit at Walmart.

Here she is discussing how highly uncertain the economy is, while pointing to a nonsensical policy of 3 more rate hikes in 2017.

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7 comments

  1. ironbird

    Is Granny wearing Purple? Could be color blind.

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  2. hedge500

    I hate everything about her.

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  3. gorby

    And his term begins.

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  4. it is showtime

    Luciferjan

    Lucifernanke

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  5. cancel19

    Some powers that be want to tank this market really bad.

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  6. stockslueth

    This country needs thousands of new bridges, some are about to fail.

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  7. soupbone

    No fiscal stimulus will be needed is actually correct. She’s just playing from the old play book and has no idea what is about to happen. Manage trade and reduce deflation will be Trump-smart, I think the impact is being underestimated. That will be available late Jan 2017, not too far away….

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