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Okay, so just who is this Janet Yellen??

AUandAGAUandAG Posts: 24,757 ✭✭✭✭✭
in Precious Metals
What is she going to do to the Fed or for the US?

How will she affect precious metals, or will she have no impact?

Janet Louise Yellen (born August 13, 1946) is an American economist and professor who is the Vice Chairwoman of the Board of Governors of the Federal Reserve System. Previously, she was President and Chief Executive Officer of the Federal Reserve Bank of San Francisco, Chair of the White House Council of Economic Advisers under President Bill Clinton, and Professor Emerita at the University of California, Berkeley's Haas School of Business. President Obama will nominate Yellen to replace Ben Bernanke as chairwoman of the Federal Reserve on October 9, 2013.

bob
Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com

Comments

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    She has been Ben's Vice Chairman the past 3 years. Aligned with Ben pretty much. Dovish on inflation. More of BB is how I see it...................She is also hard on the eyes

    MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • derrybderryb Posts: 36,778 ✭✭✭✭✭
    just another academic who thinks the world can be fixed by using theory because they lack any real world experience.

    Think Ben Berrnanke with makeup. Your gold remains safe - FED continuity has been preserved.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • drwstr123drwstr123 Posts: 7,036 ✭✭✭✭✭


    << <i>just another academic who thinks the world can be fixed by using theory because they lack any real world experience.

    Think Ben Berrnanke with makeup. Your gold remains safe. >>



    What you said...I'm wit you.
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    Benski with makeup, funny sheit. PM's will be safer than eva.
  • jdimmickjdimmick Posts: 9,668 ✭✭✭✭✭
    as bearish as I am about gold recently, this nomination should give it real support. She most likely will keep QE for years to come

    jim
  • jmski52jmski52 Posts: 22,808 ✭✭✭✭✭
    Isn't having a school of business in Berkeley an oxymoron?
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    very good for PMs, IMO. she wants higher inflation.
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
  • JohnMabenJohnMaben Posts: 957 ✭✭✭
    "Think Ben Berrnanke with makeup."

    Beeline to the restroom.... uugghhh.

    John Maben
    Pegasus Coin and Jewelry (Brick and Mortar)
    ANA LM, PNG, APMD, FUN, Etc
    800-381-2646

  • derrybderryb Posts: 36,778 ✭✭✭✭✭


    << <i>very good for PMs, IMO. she wants higher inflation. >>


    Historically, real inflation over 2% is not good for metal prices.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • PerryHallPerryHall Posts: 46,095 ✭✭✭✭✭
    She will spin the printing press to create jobs. Good news for PM holders.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • derrybderryb Posts: 36,778 ✭✭✭✭✭
    FED is focused on restoring the American consumers' spending spree. Low rates, excess money are not working. The American public is tapped out, at the limits of individual debt and worried about their jobs. Best to let these Americans set the economic course without interfering with this market force. The spending public will determine equilbrium (true supply and demand) if the FED would just step aside. Unfortuantely Wall St. can't live with true price discovery when it will result in a decline.

    Past FED policy led us to where we are now. Easy money was not the answer. Easier money is being rejected.

    Free money from Washington, courtesy of a limited number of taxpayers, is the new norm.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • rickoricko Posts: 98,724 ✭✭✭✭✭
    I do believe (and previous comments support) that this is just rearranging the deck chairs on the Titanic. Cheers, RickO
  • Steve27Steve27 Posts: 13,274 ✭✭✭
    All you need to know:

    "LONDON, Oct 9 (Reuters) - Gold prices fell 1 percent on Wednesday as news that Janet Yellen will be nominated to head the Federal Reserve boosted the dollar, and as concerns over the U.S. budget deadlock failed to spur buying interest."
    "It's far easier to fight for principles, than to live up to them." Adlai Stevenson
  • derrybderryb Posts: 36,778 ✭✭✭✭✭
    Yellen will continue the Bernanke tradition. Otherwise, she would not have been selected by Wall Street. For all we know, Bernanke may have been having second thoughts and had to go. The decision to not taper was probably against his advice. We will not know until he makes millions with his memoirs.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • johnny9434johnny9434 Posts: 28,286 ✭✭✭✭✭


    << <i>She has been Ben's Vice Chairman the past 3 years. Aligned with Ben pretty much. Dovish on inflation. More of BB is how I see it...................She is also hard on the eyes

    MJ >>

    yes right behind n. pelosi. image
  • DeepCoinDeepCoin Posts: 2,781 ✭✭✭
    The blatant sexism here truly astounds me. Cannot a woman just be an executive, not eye candy for you?
    Retired United States Mint guy, now working on an Everyman Type Set.
  • derrybderryb Posts: 36,778 ✭✭✭✭✭


    << <i>The blatant sexism here truly astounds me. Cannot a woman just be an executive, not eye candy for you? >>


    comparing here to Bernankeboy is far from sexism, it is realism.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • MarkMark Posts: 3,536 ✭✭✭✭✭
    derryb:

    I am not a huge fan of Yellen. But your comment about "lipstick" certainly qualifies as sexism. So does the comment about being hard on the eyes.

    Incidentally, her husband is George Akerlof, a Nobel prize winning economist.
    Mark


  • derrybderryb Posts: 36,778 ✭✭✭✭✭


    << <i>derryb:

    I am not a huge fan of Yellen. But your comment about "lipstick" certainly qualifies as sexism. So does the comment about being hard on the eyes.

    Incidentally, her husband is George Akerlof, a Nobel prize winning economist. >>


    My comment "Think Ben Bernanke with makeup" is nothing more than a reference to her being the same as Bernanke but of a different gender. No sexism implied. Lack of ability to dictate proper monetary policy was fully implied. You will have to address the "hard on the eyes" comment with the person that made it. I am far from sexist, my life-long partner is a woman who wears make-up.

    Nobel prizes are very highly overated. image

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • DoubleEagle59DoubleEagle59 Posts: 8,303 ✭✭✭✭✭
    The outlook for Gold:

    Greenspan = GOOD

    Bernanke = BETTER

    Yellen = BEST!!
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • meluaufeetmeluaufeet Posts: 764 ✭✭✭
    She will push the concept of 'fair wage'. Not to be confused with 'living wage'. She will likely keep a thoughtful eye on wage inflation.



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