patrick.net

Surprisingly, only 1-4 mentioned the Fed explicitly.

I think he's going soft.

We know its a problem Einstein, whataya gonna do about it?

"In her speech, Yellen did not attempt to answer what she called the “difficult questions of how best to fairly and justly promote equal opportunity.”

Instead, she laid out a “factual basis” for further discussion using the Fed’s recent Survey of Consumer Finances, a survey of the income, wealth and debt for 6,000 U.S. households conducted in 2013. See slideshow of Yellen’s facts on income inequality."

Mish never shows any real-world examples where his "free market" does anything about wealth inequality. Glibertopian hand-waving suffices.

Most times, I just want to vomit when I read a 'FED' article.

1 thru 4 is good enough for me and 5 and 6 make sense too.

I think it is the epitome of 'The Irony of the Day'.

bgamall4 says

Whoever voted this article down is a pure retard.

I didn't dislike it, but the article is about on par with the rest of Mish's nonsense. Let me sum up everything he writes on the economy.

1. Government is bad
2. The Fed is bad
3. The free market is good.
4. Therefore, any problem with the economy is due to too much Fed and government intervention and too little reliance on the free market.

Nevermind that the last 70 years of history refute his theories-as long as he continues to say the same things over and over, people will believe him. (just look at this thread, for example)

tatupu70 says

1. Government is bad

2. The Fed is bad

3. The free market is good.

4. Therefore, any problem with the economy is due to too much Fed and government intervention and too little reliance on the free market.

You left out one.

5. Gold & glibertopianism is the true path to FREEEEEDOMMM!!

bgamall4 says

You all know that the Saudis warned the US that the investment banks were bidding up oil to $147. And guess what, we only were able to find out through Wikileaks.

Didn't you listen to Mish?? The free market is GOOD. Investment banks bidding up oil? That's called price discovery.

If the price crashes later--that's called market clearing.

Both of those are good things! You just have to know how to view the world.

bgamall4 says

Virtually every market is cornered today, so, what do you mean? Lets see how stocks do without stimulus. Lets see how commodities do as well. Oh, they took stimulus away to crush the Russians. But they can still take the oil market up or down as 1/@ the CME trades are fake based on reported articles. Wonder how many stock trades are fake?

You realize that this whole Ebola nonsense is all fake, right? Did you see the nurse interviewed? NO TEARS!!!

The guy from Liberia? NEVER EXISTED!!

It's a Zionist plot to enrich some of W.'s friends in the pharmaceutical industry and get them $$$ to develop the vaccine for a disease that doesn't exist.

Mish says

Yellen Moans About Income Inequality

When will Janet Yellen moan about Ben Bernanke's cock in her ass, Alan Greenspan's cock in her pussy and Barack Obama's cock in her mouth?

The Fed is a private company, and so why are they allowed to operate as a monopoly?

Yellen. Moaning.

Robber Baron Elite Scum says

When will Janet Yellen moan about Ben Bernanke's cock in her ass, Alan Greenspan's cock in her pussy and Barack Obama's cock in her mouth?

Blurtman says

Yellen. Moaning.

Is that in reference to my question?

WRONG:

Its the outsourcing and the vanishing of Manufacturing and R&D that caused the widening income gap.

The Rich are nearly immune to downturns, but outsourcing Tech slammed the middle class so bad that its widened the income distribution.

The biggest "knob" on the causation of the worsening of the Gini factor root cause is the wholesale reduction of Manufacturing and Science

Robber Baron Elite Scum says

Mish says

Yellen Moans About Income Inequality

When will Janet Yellen moan about Ben Bernanke's cock in her ass, Alan Greenspan's cock in her pussy and Barack Obama's cock in her mouth?

Never. Janet Yellen only moans when Janet Reno goes down on her.

lostand confused says

Never. Janet Yellen only moans when Janet Reno goes down on her.

Behind the Fed Door, you cannot top it.

It gives me palpitations just looking into those eyes.....

This thread was a couple years after the partial elimination of the politics thread I think. I can’t even wrap my head around how many dictatorial leftists there were on this site. This is why I tangled up with these guys so much. I’d love to hear their obvious current defense of the crime and homeless in CA, the absolute shitstorm the Democrats turned this state into, and the pinkbluehair lbtqgzjrifnrhe fascists that want to criminalize words and phrases that hurt their poor little feelings.

Trump broke their ass.

Hey @Patrick, did the Duck have anything to say recently? You mentioned him some time ago. The TDS broke him. And Dan.

@AmericanKulak Nothing from the Duck.

Or from Dan8267. I wish he would come back.

Wow, forgot about schizoposter Gary Anderson, and Hydro "Fat Truther" Cabron took a powder too after Trump won.

I don't get it, Trump is basically a moderate-bluedog 80s Democrat

https://patrick.net/post/1329554/2020-01-07-trump-the-intimidator-fails-again

LOL! Look at Iran and it's 3H Club. They're ramping it up just like they did the last time Obama and Kerry gave them pallets of cash.

Yellen is just practices Satanic Inversions 101. She's just not very good at it, and jiggles with glee when she lies.