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"I certainly wouldn't describe this as a bubble economy," Yellen said, noting a "healing" labor market and a 5 percent headline unemployment number.
originally posted by: onequestion
Oh here we go.. Another moron totally ouch of touch with America.
Wonder if she can explain why factories are still being built in Mexico(ford) and leaving this country every single month.
We're not a bubble economy? What about California and the housin prices out here? Hell in Orange Countg only 1 out of 6 people can afford a home. When's that going to crash?
CNBC
"I certainly wouldn't describe this as a bubble economy," Yellen said, noting a "healing" labor market and a 5 percent headline unemployment number.
Oh our labor market is great. Millions and millions of illegals driving otherwise happy people into other jobs devaluing the entire labor market for the country. Manufacturing moving to Mexico by the month by the thousands. Steel workers looking for new jobs, oil people looking for new jobs... 6 million people making less than 15 an hour in the most expensive state in the country to live in.
These people live on alternate realities.
originally posted by: onequestion
Oh here we go.. Another moron totally ouch of touch with America.
Wonder if she can explain why factories are still being built in Mexico(ford) and leaving this country every single month.
We're not a bubble economy? What about California and the housin prices out here? Hell in Orange Countg only 1 out of 6 people can afford a home. When's that going to crash?
CNBC
"I certainly wouldn't describe this as a bubble economy," Yellen said, noting a "healing" labor market and a 5 percent headline unemployment number.
Oh our labor market is great. Millions and millions of illegals driving otherwise happy people into other jobs devaluing the entire labor market for the country. Manufacturing moving to Mexico by the month by the thousands. Steel workers looking for new jobs, oil people looking for new jobs... 6 million people making less than 15 an hour in the most expensive state in the country to live in.
These people live on alternate realities.
originally posted by: reldra
originally posted by: onequestion
Oh here we go.. Another moron totally ouch of touch with America.
Wonder if she can explain why factories are still being built in Mexico(ford) and leaving this country every single month.
We're not a bubble economy? What about California and the housin prices out here? Hell in Orange Countg only 1 out of 6 people can afford a home. When's that going to crash?
CNBC
"I certainly wouldn't describe this as a bubble economy," Yellen said, noting a "healing" labor market and a 5 percent headline unemployment number.
Oh our labor market is great. Millions and millions of illegals driving otherwise happy people into other jobs devaluing the entire labor market for the country. Manufacturing moving to Mexico by the month by the thousands. Steel workers looking for new jobs, oil people looking for new jobs... 6 million people making less than 15 an hour in the most expensive state in the country to live in.
These people live on alternate realities.
A bubble economy is not defined by just those few things. It it is more driven by inflation, people spending too much, speculation in overvalued assets and irresponsible lending.
Ending 'too big to fail'
Yellen also addressed a recent crusade by Minneapolis Fed President Neel Kashkari, who has floated breaking up large banks to increase financial system stability. She noted that she shared Kashkari's concern about ending firms' "too big to fail" status.
But she said policies like capital and liquidity requirements and stress tests have "greatly enhanced the safety and soundness of the banking system."
"I feel more positive on the progress that we've made," Yellen said.
While Volcker admitted he saw some "overextended" pieces of the financial system, he concurred, saying he does not believe a bubble exists.
There are many reasons why asset purchases should have a strong impact on activity and inflation. Purchases compress yields and reduce the cost of financing in the economy through direct pass-through and portfolio rebalancing effects. For banks they make lending to the real economy more attractive than purchasing government bonds....
"I think that this frothiness that we have seen in financial markets is likely to continue, from equities to credit to housing, and in a couple of years, most likely, this asset inflation is going to become asset frothiness and eventually an asset and a credit bubble and eventually any bubble ends up in a bust and a crash. I would say that valuations in many markets, whether it’s government bonds or credit, or real estate, or some equity markets, are already stretched. And they’re going to become more stretched as the real economy justifies the slow exit, and all this liquidity is going to go into more asset inflation. So two years down the line, we could have this shakeout … 2016 I would say."
originally posted by: reddragon2015
a reply to: onequestion
They gage the economy on the stock markets and jobs. Both are doing well.
originally posted by: reddragon2015
a reply to: onequestion
They gage the economy on the stock markets and jobs. Both are doing well.
originally posted by: reddragon2015
a reply to: jkm1864
40%? unemployment is like at 5-6%. where do you get you data? Trump?