Janet Yellen, still in the Dream World of Academia

----- Original Message -----

From: Len Cranford

To: Richard Finley ; craig schommer ; ryder smith ; jb_campbell@yahoo.com ; patrick henry ; James Wickstrom ; darkmoon@darkmoon.me ; Bill Conlin ; gvwyatt@gmail.com ; tommy ; executioner@dreadwilliam.com ; pyrigenes

Sent: Monday, July 07, 2014 7:28 AM

Subject: Janet Yellen, still in the Dream World of Academia

{The movie; "The Time Machine"; Still underground with her fellow Morlocks! That`s alright, YOU naive Eloi could care less! I can hear Bill Gross;  "Ha! With cheap enough money I can rip everyone off!" The Morlocks still plan to keep eating  you! The FED always needs a master cryptic-obscure BullShitter to keep everyone`s eyes off that Jew-Bankster 3 card monte mega-debt-tax game. NEVER talk about TAXES! Or the "Republic"! Or the "White Race"! Or, what America could have been - the unspoken Vision, without the Satanic Jew-Warlock-Morlocks.  And a Yvette Mimieux; Always the prize - her genetics getting rarer. Jews destroying that too. L.}

http://www.acting-man.com/?p=31577#more-31577

Conspiracy Theory for the Weekend

July 4, 2014 | Author Ramsey Su

   

 

 

Macroprudential Mumbo-Jumbo

It is a well known "fact" that if you are in a foreign country and you cannot speak the language of the land, just speak slower and louder.  Somehow the locals will understand you.

In economic terms, when you have no understanding as to what the economy is doing, just resort to big words and obscure concepts.  Yellen just offered a demonstration in her recent speech on Monetary Policy and Financial Stability.

It was with effort that I forced myself to read that random assembly of words and in the end, I really have no idea what Yellen meant when she said:

Today I will focus on a key question spurred by this debate: How should monetary and other policymakers balance macroprudential approaches and monetary policy in the pursuit of financial stability?

Yellen is still living in the dream world of academia.  Look at the footnotes of the speech.  Take a theory here, take a theory there, take some big words from other papers and voilà, out comes the new and improved Fed policy.  What on earth is this "balance macroprudential approach"?  Is that some proven monetary policy that is equal or better than QE?

Ms. Yellen wearing a macro-prudential frown.

(Photo via EFE)

Big Ideas From a Master of the Universe

While the Feds think they are manipulating the economy, the true masters of the universe are manipulating the Fed.  In the world of interest rates, the master is undoubtedly Bill Gross of PIMCO.  Here is his latest One Big Idea.  Gross is always worth reading because he is always so instructive, on what the world should do for the benefit of PIMCO.  

This Big Idea, the way I see it, is to convince the Fed that the market is not over valued and the Fed should continue to keep rates low.  Just imagine how detrimental it would be to Gross if rates suddenly spiked up.  

A friend recently sent me this link about Scientific Misbehavior in Economics that seems to describe the Fed very well.  Sometimes, when the emperor wears no clothes, and the emperor is Yellen, it may be better if the Fed were less transparent.  

(apologies to all my economist friends)

Bill Gross, man of big  ideas.

(Photo via Bloomberg/Schuch)