Tag Archives: Janet Yellen

Yellen Looks Down into Trap Door of Deflationary Collapse

Fed Chair Janet Yellen replied to Sen. Bob Corker in testimony Feb. 11 that the Federal Reserve was again studying the possibility of adopting a negative Fed Funds rate, as the central banks of Japan, Europe, and several individual European … Continue reading

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Hysteria Grips Some Central Banks as Collapse Threatens

Both the International Monetary Fund and Mario Draghi have again tried hard over the past 24 hours to conjure a big Eurozone “quantitative easing” scheme into existence, as the European banking system is showing signs of an early “recollapse” which … Continue reading

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No to Bail-In: Leading Economist Says Hoenig Is Right, Dudd-Frank Wrong

A lengthy article by former IMF chief economist Prof. Simon Johnson calls FDIC vice chairman Thomas Hoenig’s debunking of the ‘bail-in’ menace on Feb. 24, “Truth from the Top” and “a devastating critique of the existing [Dodd-Frank] order.” Johnson called … Continue reading

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New York FED Chief Dudley Displays His Brilliant Economic Insight

This one you can either cry about, or laugh uproariously. On Saturday, NY Fed President William Dudley showed his economic brilliance — which he probably gained during his 1986 to 2007 tenure at Goldman Sachs, where he held the position … Continue reading

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Obama Failures Increase With Loss of Summers Nomination

The nomination of Lawrence Summers as Federal Reserve chairman, clearly wanted both by Summers and by President Obama, failed because NerObama now has “zero political capital left”, according to bankers quoted by Reuters and the New York Times; and in … Continue reading

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Obama Defends Odious Larry Summers on Capitol Hill

  Barack Obama strongly defended the odious former Treasury Secretary Larry Summers, likely Obama’s favorite for the next chairman of the Federal Reserve chairman, during private meetings July 31 with both Senate and House Democrats on Capitol Hill. Obama clashed … Continue reading

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