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Janet Yellen predicts interest rates will rise! Immediately reverses herself on the same day...LOL

 
Don Draper from Nantucket
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05/04/2021 05:53 PM

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Janet Yellen predicts interest rates will rise! Immediately reverses herself on the same day...LOL
[link to www.zerohedge.com (secure)]


Update (1315ET): Just as we predicted - but even sooner than we expected - Treasury Secretary Janet Yellen has not just walked back her earlier statement but has entirely reversed it.

"Let me be clear it’s not something I’m predicting or recommending,” Yellen says about rates, flip-flopping her earlier perspective entirely.

Then she addressed the issue of inflation, toeing the establishment line that it will be "transitory" for the next six months or so...

She added that if there is an inflation problem she is certain the Federal Reserve can be counted on to address it.

We wonder who tapped her on the shoulder and said "stay in your lane, Janet!"

* * *

Treasury Secretary Janet Yellen is speaking at The Atlantic's "Future Economy Summit" this morning - a speech she pre-recorded yesterday - and has sparked some chaos with her comments.




Just the mere mention of hiking interest rates was enough to scare the shit out of the markets. Just imagine if they were to ever really raise them again!
PLATA BITCHEZZZZZZ

UPGRADE UNAVAILABLE

The Rolling Stones said it best...

"What's confusing you is the nature of my game"
Anonymous Coward
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05/04/2021 06:11 PM
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Re: Janet Yellen predicts interest rates will rise! Immediately reverses herself on the same day...LOL
The biggest threat to America has ALWAYS been the bankers. Not BLM or ANTIFA or Right Wing extremists, or Russia, or china.

Within our own borders. Bankers global and domestic.
Anonymous Coward
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Ireland
05/04/2021 06:14 PM
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Re: Janet Yellen predicts interest rates will rise! Immediately reverses herself on the same day...LOL
Always the dual cit America as you hire "them" to loan you moniez.

Not so much stoopid American weally but morelike stoopid covid world of them who control you...
Don Draper from Nantucket  (OP)

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05/04/2021 06:45 PM

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Re: Janet Yellen predicts interest rates will rise! Immediately reverses herself on the same day...LOL
The biggest threat to America has ALWAYS been the bankers. Not BLM or ANTIFA or Right Wing extremists, or Russia, or china.

Within our own borders. Bankers global and domestic.
 Quoting: Anonymous Coward 78336129


bingo-NI
PLATA BITCHEZZZZZZ

UPGRADE UNAVAILABLE

The Rolling Stones said it best...

"What's confusing you is the nature of my game"
Anonymous Coward
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05/04/2021 06:59 PM
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Re: Janet Yellen predicts interest rates will rise! Immediately reverses herself on the same day...LOL
Cut rate Yellen

[imgur] [link to i.imgur.com (secure)]
Katipo

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05/04/2021 07:01 PM

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Re: Janet Yellen predicts interest rates will rise! Immediately reverses herself on the same day...LOL
The sooner they start rising the better.
Any sarcasm in this post is purely intentional.
Anonymous Coward
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05/04/2021 07:04 PM
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Re: Janet Yellen predicts interest rates will rise! Immediately reverses herself on the same day...LOL
[link to www.zerohedge.com (secure)]


Update (1315ET): Just as we predicted - but even sooner than we expected - Treasury Secretary Janet Yellen has not just walked back her earlier statement but has entirely reversed it.

"Let me be clear it’s not something I’m predicting or recommending,” Yellen says about rates, flip-flopping her earlier perspective entirely.

Then she addressed the issue of inflation, toeing the establishment line that it will be "transitory" for the next six months or so...

She added that if there is an inflation problem she is certain the Federal Reserve can be counted on to address it.

We wonder who tapped her on the shoulder and said "stay in your lane, Janet!"

* * *

Treasury Secretary Janet Yellen is speaking at The Atlantic's "Future Economy Summit" this morning - a speech she pre-recorded yesterday - and has sparked some chaos with her comments.




Just the mere mention of hiking interest rates was enough to scare the shit out of the markets. Just imagine if they were to ever really raise them again!
 Quoting: Don Draper from Nantucket


Grandma Yellen is always moist, when the dove goes dry it is shocking development, naturally the market would pullback in its animal spirits/exhuberance. A little spit and a just kidding makes it all better again
Anonymous Coward
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05/04/2021 07:05 PM
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Re: Janet Yellen predicts interest rates will rise! Immediately reverses herself on the same day...LOL
Always the dual cit America as you hire "them" to loan you moniez.

Not so much stoopid American weally but morelike stoopid covid world of them who control you...
 Quoting: Anonymous Coward 79323505


Every single one of Biden's cabinet picks is Juiceish...
Anonymous Coward
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05/04/2021 07:06 PM
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Re: Janet Yellen predicts interest rates will rise! Immediately reverses herself on the same day...LOL
ALL THESE POSTS AND NOT ONE OF THEM SPEAKS OF WHO OWNS THE BANKS.....WELL OBVIOUSLY THE 'MONEY CHANGERS" AND

YELLEN IS ONE OF THEM TOO....


WHAT A SURPRISE!
Anonymous Coward
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05/04/2021 07:08 PM
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Re: Janet Yellen predicts interest rates will rise! Immediately reverses herself on the same day...LOL
Janet Yellen - another obvious puppet of The Money Masters.

They control nearly everything in this World, and especially so the creation of money itself.
Anonymous Coward
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05/04/2021 07:10 PM
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Re: Janet Yellen predicts interest rates will rise! Immediately reverses herself on the same day...LOL
They can’t raise rates or the whole charade will come crumbling down.
The Gullible Skeptic

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05/04/2021 07:11 PM
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Re: Janet Yellen predicts interest rates will rise! Immediately reverses herself on the same day...LOL
The biggest threat to America has ALWAYS been the bankers. Not BLM or ANTIFA or Right Wing extremists, or Russia, or china.

Within our own borders. Bankers global and domestic.
 Quoting: Anonymous Coward 78336129


Yup and most people just don't even begin to understand.

My liberal sister who is 10 years older than me, also fairly intelligent, and I were having a conversation about inflation and she was basically saying that hyperinflation is a myth and bill Clinton proved that it was a myth.

Cognitive dissonance is a hell of a drug.
INTP/8w9 Ennegram

"You can't teach anyone anything but they can choose to learn"
-Me-

"To exist is to destroy"-Me-

"Specialization is for insects"
-Robert Heinlein-

Nine Noble Virtues: ODINISM:
Truth,Courage,Honor,Fidelity,Discipline,Hospitality,​Self Reliance, Industriousness, Perseverance
PeterWiggin

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05/04/2021 07:18 PM
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Re: Janet Yellen predicts interest rates will rise! Immediately reverses herself on the same day...LOL
Just the mere mention of hiking interest rates was enough to scare the shit out of the markets.
 Quoting: Don Draper from Nantucket


I don't understand why the markets would react... they know interest rates will NEVER go up much. They cannot or the interest payments on the debt become unsustainable and crash the system.

And if anyone reading this is a mortgage broker, your industry will die or need to re-invent itself. You need to start differentiating yourself on attributes other than cost because mortgage rates will never go up and will "stablize" for all intents and purposes.
Anonymous Coward
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05/04/2021 07:18 PM
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Re: Janet Yellen predicts interest rates will rise! Immediately reverses herself on the same day...LOL
5a
Anonymous Coward
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05/04/2021 07:20 PM
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Re: Janet Yellen predicts interest rates will rise! Immediately reverses herself on the same day...LOL
yeah, STFU bit?h and make sure there's no inflation in the grocery stores and that it goes away at the gas pump

or else MFers
Anonymous Coward
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05/04/2021 07:24 PM
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Re: Janet Yellen predicts interest rates will rise! Immediately reverses herself on the same day...LOL
The biggest threat to America has ALWAYS been the bankers. Not BLM or ANTIFA or Right Wing extremists, or Russia, or china.

Within our own borders. Bankers global and domestic.
 Quoting: Anonymous Coward 78336129


None of the MFers better do anything that makes it harder on the 99%.....and that includes all this psy op covid BS

MAKE IT STOP NOW BITCHE OR ELSE THINGS GET WORSE FOR YOU BILLIONAIRES AND TRILLIONAIRE TYPE MO RIKI TIK

just try and pull any more funny stop and not reverse the shit already in place now and find out what happens
Mason Firefly

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05/04/2021 07:24 PM

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Re: Janet Yellen predicts interest rates will rise! Immediately reverses herself on the same day...LOL
The Powers that Be must have called her and told her she just tanked the market, and better fix it asap or she will go.
Don Draper from Nantucket  (OP)

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05/04/2021 07:24 PM

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Re: Janet Yellen predicts interest rates will rise! Immediately reverses herself on the same day...LOL
They can’t raise rates or the whole charade will come crumbling down.
 Quoting: Anonymous Coward 75021818


jay
PLATA BITCHEZZZZZZ

UPGRADE UNAVAILABLE

The Rolling Stones said it best...

"What's confusing you is the nature of my game"
Anonymous Coward
User ID: 80239746
United States
05/04/2021 07:25 PM
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Re: Janet Yellen predicts interest rates will rise! Immediately reverses herself on the same day...LOL
She must have spoken some words her handlers did not like...
Anonymous Coward
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05/04/2021 07:25 PM
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Re: Janet Yellen predicts interest rates will rise! Immediately reverses herself on the same day...LOL
and all that obama BS inflation crap must be reversed now, too

bc FUUJUUUUUUUUUUCK YOU RICH ASS AND EVIL BITCHES
Agent 99

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05/04/2021 07:25 PM

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Re: Janet Yellen predicts interest rates will rise! Immediately reverses herself on the same day...LOL
Rate increase has to wait until Saudi is out of the picture.
Mason Firefly

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05/04/2021 07:27 PM

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Re: Janet Yellen predicts interest rates will rise! Immediately reverses herself on the same day...LOL
[link to www.zerohedge.com (secure)]


Update (1315ET): Just as we predicted - but even sooner than we expected - Treasury Secretary Janet Yellen has not just walked back her earlier statement but has entirely reversed it.

"Let me be clear it’s not something I’m predicting or recommending,” Yellen says about rates, flip-flopping her earlier perspective entirely.

Then she addressed the issue of inflation, toeing the establishment line that it will be "transitory" for the next six months or so...

She added that if there is an inflation problem she is certain the Federal Reserve can be counted on to address it.

We wonder who tapped her on the shoulder and said "stay in your lane, Janet!"

* * *

Treasury Secretary Janet Yellen is speaking at The Atlantic's "Future Economy Summit" this morning - a speech she pre-recorded yesterday - and has sparked some chaos with her comments.




Just the mere mention of hiking interest rates was enough to scare the shit out of the markets. Just imagine if they were to ever really raise them again!
 Quoting: Don Draper from Nantucket


Obviously because the U.S. would default. It's like having a credit card you can't pay off, and the credit card company raises the interest rates.

Imagine if you can't pay the minimum balance? Then you default into bankruptcy.
Don Draper from Nantucket  (OP)

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05/04/2021 07:27 PM

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Re: Janet Yellen predicts interest rates will rise! Immediately reverses herself on the same day...LOL
She must have spoken some words her handlers did not like...
 Quoting: Anonymous Coward 80239746


Yeah that truly was a quick turn around today!

lol
PLATA BITCHEZZZZZZ

UPGRADE UNAVAILABLE

The Rolling Stones said it best...

"What's confusing you is the nature of my game"
Anonymous Coward
User ID: 77432428
Canada
05/04/2021 07:29 PM
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Re: Janet Yellen predicts interest rates will rise! Immediately reverses herself on the same day...LOL
The biggest threat to America has ALWAYS been the bankers. Not BLM or ANTIFA or Right Wing extremists, or Russia, or china.

Within our own borders. Bankers global and domestic.
 Quoting: Anonymous Coward 78336129


Yup and most people just don't even begin to understand.

My liberal sister who is 10 years older than me, also fairly intelligent, and I were having a conversation about inflation and she was basically saying that hyperinflation is a myth and bill Clinton proved that it was a myth.

Cognitive dissonance is a hell of a drug.
 Quoting: The Gullible Skeptic


lol

Intelligent people with no common sense are impossible.
Anonymous Coward
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05/04/2021 07:30 PM
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Re: Janet Yellen predicts interest rates will rise! Immediately reverses herself on the same day...LOL
the border security .... fence / wall and muslim ban better also better be reinstated

DEPORT ALL ILLEGAL ALIENS
REACIND DACA

GET THEM ALL TF out of here in one month or your precipus california sinks into the sea in it's entirety while all the CApoliticians are there, incl bruce jenner tryong to run for governor.

oh, hell no bitches...newsom out someone NORMAL and non-corrupt in, MFers.....wont be an kssue if you do not deport and rescind daca and get rid of all the bilingual BS with spanish in the USA.

DO IT.
Anonymous Coward
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Canada
05/04/2021 07:33 PM
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Re: Janet Yellen predicts interest rates will rise! Immediately reverses herself on the same day...LOL
the border security .... fence / wall and muslim ban better also better be reinstated

DEPORT ALL ILLEGAL ALIENS
REACIND DACA

GET THEM ALL TF out of here in one month or your precipus california sinks into the sea in it's entirety while all the CApoliticians are there, incl bruce jenner tryong to run for governor.

oh, hell no bitches...newsom out someone NORMAL and non-corrupt in, MFers.....wont be an kssue if you do not deport and rescind daca and get rid of all the bilingual BS with spanish in the USA.

DO IT.
 Quoting: Anonymous Coward 80311966


Tell'em

clappa
Anonymous Coward
User ID: 80311966
05/04/2021 07:35 PM
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Re: Janet Yellen predicts interest rates will rise! Immediately reverses herself on the same day...LOL
Rate increase has to wait until Saudi is out of the picture.
 Quoting: Agent 99


saudiis out of the picture already....they cannot do jack shit....they have been warned

DROP OIL PRICES BITCHES

AND FUCK BUFFETS TRAINS...BACK TO THE PIPELINE, BIDEN

MO RIKI TIK U POWERLESS PUPPET

HEED AND HEEL....AND ALSO WATCH YOUR SON GO TO JAIL YOU CREEP.
Agent 99

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United States
05/04/2021 07:52 PM

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Re: Janet Yellen predicts interest rates will rise! Immediately reverses herself on the same day...LOL
Rate increase has to wait until Saudi is out of the picture.
 Quoting: Agent 99


saudiis out of the picture already....they cannot do jack shit....they have been warned

DROP OIL PRICES BITCHES

AND FUCK BUFFETS TRAINS...BACK TO THE PIPELINE, BIDEN

MO RIKI TIK U POWERLESS PUPPET

HEED AND HEEL....AND ALSO WATCH YOUR SON GO TO JAIL YOU CREEP.
 Quoting: Anonymous Coward 80311966


Oil futures UP.
Saudi is far from out of the picture.
The Gullible Skeptic

User ID: 5035577
United States
05/04/2021 08:01 PM
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Re: Janet Yellen predicts interest rates will rise! Immediately reverses herself on the same day...LOL
The biggest threat to America has ALWAYS been the bankers. Not BLM or ANTIFA or Right Wing extremists, or Russia, or china.

Within our own borders. Bankers global and domestic.
 Quoting: Anonymous Coward 78336129


Yup and most people just don't even begin to understand.

My liberal sister who is 10 years older than me, also fairly intelligent, and I were having a conversation about inflation and she was basically saying that hyperinflation is a myth and bill Clinton proved that it was a myth.

Cognitive dissonance is a hell of a drug.
 Quoting: The Gullible Skeptic


lol

Intelligent people with no common sense are impossible.
 Quoting: Anonymous Coward 77432428


They get in their own damn way all the time. It's extremely frustrating talking to her about anything significant. Plus she will just talk all over you.
INTP/8w9 Ennegram

"You can't teach anyone anything but they can choose to learn"
-Me-

"To exist is to destroy"-Me-

"Specialization is for insects"
-Robert Heinlein-

Nine Noble Virtues: ODINISM:
Truth,Courage,Honor,Fidelity,Discipline,Hospitality,​Self Reliance, Industriousness, Perseverance
TIO JUAN

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Mexico
05/04/2021 08:18 PM
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Re: Janet Yellen predicts interest rates will rise! Immediately reverses herself on the same day...LOL
She is not at the Federal Reserve anymore .
She should not talk about that .

DOrolleyes
UNCLE JOHN
Save America From Politicians

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05/04/2021 08:21 PM

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Re: Janet Yellen predicts interest rates will rise! Immediately reverses herself on the same day...LOL
[link to www.zerohedge.com (secure)]


Update (1315ET): Just as we predicted - but even sooner than we expected - Treasury Secretary Janet Yellen has not just walked back her earlier statement but has entirely reversed it.

"Let me be clear it’s not something I’m predicting or recommending,” Yellen says about rates, flip-flopping her earlier perspective entirely.

Then she addressed the issue of inflation, toeing the establishment line that it will be "transitory" for the next six months or so...

She added that if there is an inflation problem she is certain the Federal Reserve can be counted on to address it.

We wonder who tapped her on the shoulder and said "stay in your lane, Janet!"

* * *

Treasury Secretary Janet Yellen is speaking at The Atlantic's "Future Economy Summit" this morning - a speech she pre-recorded yesterday - and has sparked some chaos with her comments.




Just the mere mention of hiking interest rates was enough to scare the shit out of the markets. Just imagine if they were to ever really raise them again!
 Quoting: Don Draper from Nantucket


They raised them on trump at least 3 times. Obama enjoyed drops, never had a rate hike under obama I believe. Weird how this works.





GLP