Every so often events in financial markets we get a few good
jokes to laugh at and today is Janet Yellen’s Senate Banking Committee
confirmation hearing. There are little doubts that she will be confirmed which
would make her the first female Federal Reserve Chief. For starters, who cares
if she is the first female or not! It really does not matter, but it does show
the narrow minded thought pattern of the general public who will make a big
deal out of it.
Do you guys remember when the first half-white socialist was
allowed to run an administration?
Yes, he is still in office. The media frenzy was terrible
and nobody cared about merits and qualifications. The moronic media outlets
which support the democRATS claimed a victory on racism and ignored that they
only fueled racism with their pathetic coverage and currently the US has not
been more divided across every line you can possible draw since the pre-Civil
War era.
Do you know when racism has been eliminated or at least
redcued?
When nobody cares about the skin color of the person in the
White House and people simply refer to the person as President. The same holds
true about gender, religion and heritage inequalities. When dumb media outlets and
their even dumber followers, readers and viewers stop pointing out those things
we have truly taken a step in the right direction.
Now, let us get back to the soon to be new joke at the helm
of the Federal Reserve. Janet Yellen may be excited and happy with a certain
itch in the wrong place in order to get started, but I am wondering if anyone will
point out to her that she was the second choice and the only reason it is her
sitting in front of a few selected Senators is because the primary choice
withdrew his nomination.
Picking Janet Yellen is nothing more than picking the best
choice out of the terrible candidates who would even consider an appointment by
Mr. Dumbama to head the Federal Reserve. The Septic Tank, Ben Bernanke, will
leave a toxic mess behind which nobody wants to touch. Bernanke’s inability to
create a connection between two function brain cells led to his ouster as he
was essentially fired. Many have asked him to return back to teaching at
Princeton where he can prep the next generation of failures and to leave big
boy business to the big boys where he clearly does not belong.
I have had long discussions with my colleagues about the
next butt monkey who will get a chance to display extreme stupidity when it
comes to real world economic principles and Janet Yellen was the second best
choice. It must really suck a very big magic wand to know that you were second
choice and not sophisticated enough to understand that accepting the nomination
will put you on the world stage where you will show how well the system has educated
you towards total failure.
Yellen lacks any type of fiscal intelligence and equity
markets cheer a dovish and incapable Fed Chief as long as stimulus will keep
flowing and take away the ground they stand on. At some point you have to pay
the piper and the bill won’t be bearable by the US economy.
0 comments:
Post a Comment
Leave an amazing message and don't forget to come back and earn pips with us.