Old Yeller says the FED Buying Stocks Is “A Good Thing To Think About.” WTF??? Are these people serious?

Having hinted overnight that The Fed could buy stocks “maybe in the future,” Janet Yellen blurted out confirmation that buying assets other than long-term U.S. debt is on the table. Despite the total and utter failure of SNB and BOJ direct equity buying to create increased consumption, Yellen explained “it could be useful to be able to intervene directly in assets where the prices have a more direct link to spending decisions.”

Speaking via videoconference in response to questions raised at forum of Kansas City Fed minority bankers, Fed Chair Janet Yellen says there could be benefits to Fed buying equities or corporate bonds, yet would also likely be costs that have to be considered.

The idea of expanding into areas like equities might be “good thing to think about,” yet is not “something we need now,” Yellen said, noting that (for now) The Fed is more restricted in which assets it can purchase than other central banks.

“If we found, I think as other countries did, that they could reach the limits in terms of purchasing safe assets like longer-term government bonds, it could be useful to be able to intervene directly in assets where the prices have a more direct link to spending decisions.” Read More Here… 

4 Comments on Old Yeller says the FED Buying Stocks Is “A Good Thing To Think About.” WTF??? Are these people serious?

  1. Of fuck, how can you even comment on the mask pulled off a commie right in your face.
    But hell, comrade FDR unilaterally recognized Stalin, stole Americans real money (gold), took over food production (farm Czar) , took control over business and industry (NRA Blue Eagles), instigated WW2, and was overwhelmingly installed FOUR FUCKING TIMES.
    THAT is THE type of 2nd-3rd generation ASSimulation unchecked immigration results in.
    Arise ye workers from your slumbers
    Arise ye prisoners of want
    For reason in revolt now thunders
    And at last ends the age of cant.
    Away with all your superstitions
    Servile masses arise, arise
    We’ll change henceforth the old tradition
    And spurn the dust to win the prize.

    Refrain:
    So comrades, come rally
    And the last fight let us face
    The Internationale unites the human race.

    Like

    • Now tell us how you really feel Joe!

      Like

      • Seriously Rich, it would take a month to flesh out all the implications of interjecting inflationary debt based fiat into ownership of the economy?
        All the productivity gains in the world could never overcome that inefficiency, hell bailing out the banks THEN giving THEM ZERO interest money to park in securities and government backed debt schemes (education, housing , consumer (cash for clunkers), etc.) has driven policies to the equivalency of a meth head in charge of the FDA (Dr. Robert Califf paid consultant to every major drug company) .
        It will only get even more grotesque under Hillary Cash 4 Play Clinton, but I gotta tighten my boot laces and get back to the MORE IMPORTANT things, there are bogeymen that need serious chasing.

        Like

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