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re: UPDATE: Fed Chair Yellen is testifying live on CNBC now. (9:34 am, 2/11/16)
Posted on 2/10/16 at 10:14 am to LSURussian
Posted on 2/10/16 at 10:14 am to LSURussian
looks like we have a SJW asking questions 
0
Posted on 2/10/16 at 10:16 am to LSURussian
Question read by a non-native English speaking (maybe Hispanic?) congresswoman about Fed funds rates. She appears confused about her own question. She seemed to be asking how minorities are charged more than the Fed funds rate on their loans from banks. 
Posted on 2/10/16 at 10:17 am to LSURussian
What in the hell does the woman want to hear?
"another round of QE for minorities"
"another round of QE for minorities"
Posted on 2/10/16 at 10:20 am to Bernie_Madoff
quote:That's my impression, too.
What in the hell does the woman want to hear?
"another round of QE for minorities"
Posted on 2/10/16 at 10:25 am to LSURussian
A question about the Fed's regulations to fully implement Dodd-Franks.
Yellen went into some detail about the progress of implementing D-F.
DJ up 54 points.
Yellen went into some detail about the progress of implementing D-F.
DJ up 54 points.
Posted on 2/10/16 at 10:25 am to LSURussian
A congressman just called out Yellen for not listening to the people you can't make this stuff up
you can't make this stuff upPosted on 2/10/16 at 10:27 am to Bernie_Madoff
quote:He's a Democrat from California. Typical.
A congressman just called out Yellen for not listening to the people you can't make this stuff up
Posted on 2/10/16 at 10:29 am to LSURussian
He won't let her answer his question. Why does she even bother to appear? It's not required that she do so any longer since Humphrey-Hawkins sunset.
Posted on 2/10/16 at 10:31 am to LSURussian
That congressman has no business being there. He wouldn't let her talk and got his "gotcha" moment.
Finally a legit question from this guy.
Finally a legit question from this guy.
Posted on 2/10/16 at 10:35 am to Bernie_Madoff
Can you imagine the cluster frick if congress gives itself authority to review and approve monetary policy decisions?
Posted on 2/10/16 at 10:37 am to LSURussian
quote:
DJ now up 108 points.
I've never understood why people use the DJ. It isn't a good measurement of the economy
Posted on 2/10/16 at 10:37 am to LSURussian
quote:I imagine it would be a fairly simple formula of "raise rates during divided government, lower rates otherwise"
Can you imagine the cluster frick if congress gives itself authority to review and approve monetary policy decisions?
Posted on 2/10/16 at 10:38 am to LSURussian
A black congressman asking how the Fed can pressure banks more to lend to minority businesses and to more aggressively implement the CRA.
Posted on 2/10/16 at 10:38 am to GenesChin
You can post whatever index you like. That's okay with me.
Posted on 2/10/16 at 10:40 am to LSURussian
Dow Jones just went negative, down 12 points.
Posted on 2/10/16 at 10:40 am to LSURussian
It would be a mess and would be a tool to screw over the other party. A democratic congress projecting a republican takeover could raise rates and then 2 years later shout "look the economy tanked! UE is up and credit is tight! No growth!"
If people think our government is corrupt now...
If people think our government is corrupt now...
Posted on 2/10/16 at 10:41 am to LSURussian
quote:
You can post whatever index you like. That's okay with me.
Sorry, wasn't supposed to be a knock on you. Everyone talks about the DJ so it is relevant The DJ is the go to for seemingly everyone and it is confusing why.
It isn't a good weighted average of companies and the companies listed are wildcards with no measuring stick on what includes one.
Posted on 2/10/16 at 10:42 am to Bernie_Madoff
quote:
It would be a mess and would be a tool to screw over the other party. A democratic congress projecting a republican takeover could raise rates and then 2 years later shout "look the economy tanked! UE is up and credit is tight! No growth!"
DJ down 11 points.
Posted on 2/10/16 at 10:43 am to LSURussian
Damn what a turnaround for the Dow in less than 2 hours
Posted on 2/10/16 at 10:45 am to TigerTatorTots
This baw just checked Yellen's privilege
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