Janet Yellen: This Is Not A Bubble Economy

LORDS OF PRINTING

From Yesterday's Federal Reserve Lovefest

Bernanke does not like deferring to Janet. He misses the spotlight. I've watched a few hours from this particular Fed Party Royale and it's obvious from his body language. QE is in his blood and he wants back in the game. The Brookings Institution doesn't have a Plunge Protection Team. Where's the fun in that.

REAL UNEMPLOYMENT RATE

Janet Yellen discusses the U.S. economy at the Historic Fed Chair Conversation at International House in New York featuring Volcker, Greenspan, and Bernanke. In the second half of the clip Yellen is asked about the real unemployment rate and whether that figure might be above 20%. She murmurs some nonsense about 9%. John Williams of Shadow Stats has pegged the real unemployment rate (calculated as it was during the Depression) at above 20%.

Brian Sack Runs The Plunge Protection Team...

Read more about the PPT...

Bernanke at Brookings...

Comments

[DailyBail]

Here's the FREE link to the WSJ story on Brian Sack, Head Trader for the Fed

http://www.google.com/search?q=brian+sack+fed&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a&gws_rd=ssl#hl=en&expIds=17050,25657,25980,26486,26488,26492,26494,26504,26637,26992,27028,27095,27178&sugexp=ldymls&xhr=t&q=brian+sack+engineers+fed&cp=20&pf=p&sclient=psy&client=firefox-a&hs=4Um&rls=org.mozilla:en-US%3Aofficial&source=hp&aq=f&aqi=&aql=&oq=brian+sack+engineersfed&gs_rfai=&pbx=1&fp=9a951961ff9ba31d

Click the link at the top of google search results (it avoids the WSJ paywall).

[DailyBail]

Stock Market Manipulation - The secret maneuverings of the Plunge Protection Team (PPT)

http://www.marketoracle.co.uk/Article464.html

This has a lot of info.

[DailyBail]

The Fed’s QE2 Traders, Buying Bonds by the Billions

http://www.nytimes.com/2011/01/11/business/economy/11fed.html?_r=0

[john]

Nicely done DB! You did a piece on Brian Sack awhile ago and here it is:

http://dailybail.com/home/is-the-stock-market-rigged-dylan-ratigan-video-ask-brian-sac.html

[DailyBail]

Bill Gates Helps Save Sears

http://www.wsj.com/articles/sears-taps-bill-gatess-fortune-in-latest-borrowing-1460141163

[skinflint]

I was able to listen to part of this broadcast as I travelled the dismal road to perdition. Zacharia, that simple minded wad who can't help but be a serial plagiarist, hosted this event at the International House. The opening remarks given by the head of JP Morgan. Can't think of the guys name presently, the one that doesn't have cancer, unfortunately. Anyway, these guys laughed off a couple of jokes and shit. Would have been a good day for a natural gas leak, but sometimes you have to take what God gives you. The one thing that can give you goose bumps in regards this event is that you know that one day, eventually, these fuckers will die.
http://theweek.com/articles/442125/three-major-publications-have-acknowledged-plagiarism-by-fareed-zakaria-does-cnn-have-no-shame

Makes me wonder two things. How Zacharia keeps a fucking job and how in the name of all that is good can he keep his teeth so amazingly white. The fact that these chair satans all agreed to be on the same stage as this twat should be called a hint.

[DailyBail]

I don't know the answer to either. I though Zakaria would be let go by CNN after the plagiarism blowup, but he survived somehow.