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Yellen: "I Don't Believe We Will See Another Crisis In Our Lifetime"

 
Anonymous Coward
User ID: 61576794
Netherlands
06/28/2017 11:45 AM
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Yellen: "I Don't Believe We Will See Another Crisis In Our Lifetime"
ZZZAZZZZ was right again!! lol lol

If there was any confusion why the Fed intends to keep hiking rates, even in the face of negative economic data and disappearing inflation, it was put to rest over the past 2 days when not one, not two , not three, but four Fed speakers, including the three most important ones, made it clear that the Fed's only intention at this point is to burst the asset bubble.

First there was SF Fed president John Williams who said that "there seems to be a priced-to-perfection attitude out there” and that the stock market rally "still seems to be running very much on fumes." Speaking to Australian TV, Williams added that "we are seeing some reach for yield, and some, maybe, excess risk-taking in the financial system with very low rates. As we move interest rates back to more-normal, I think that that will, people will pull back on that,

Then it was Fed vice chairman Stan Fischer's turn, who while somewhat more diplomatic, delivered the same message: "the increase in prices of risky assets in most asset markets over the past six months points to a notable uptick in risk appetites.... Measures of earnings strength, such as the return on assets, continue to approach pre-crisis levels at most banks, although with interest rates being so low, the return on assets might be expected to have declined relative to their pre-crisis levels--and that fact is also a cause for concern."

Fischer then also said that the corporate sector is "notably leveraged", that it would be foolish to think that all risks have been eliminated, and called for "close monitoring" of rising risk appetites.

more at
[link to www.zerohedge.com]
Anonymous Coward
User ID: 73265665
United States
06/28/2017 11:48 AM
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Re: Yellen: "I Don't Believe We Will See Another Crisis In Our Lifetime"
5* for the post - 1* for Yellen and her lunacy.
Anonymous Coward
User ID: 73708025
Slovakia
06/28/2017 12:36 PM
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Re: Yellen: "I Don't Believe We Will See Another Crisis In Our Lifetime"
What can possibly go wrong with incompetent people like her in the highest places ...
Anonymous Coward
User ID: 46661859
United States
06/28/2017 12:55 PM
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Re: Yellen: "I Don't Believe We Will See Another Crisis In Our Lifetime"
Still have time, 2 or so years and a record high Dow to achieve. Like Bernake dismissed the housing bubble two years in advance, so will the pattern of "we didn't see it coming" repeat.

Everything in the media is priming the pump for the grand euphoria stock market surge, followed by grand despair after its peak. That house of cards will be designed to come crashing down on someone's head, right prior to election time.
Anonymous Coward
User ID: 69837295
Australia
06/28/2017 01:17 PM
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Re: Yellen: "I Don't Believe We Will See Another Crisis In Our Lifetime"
"more normal" interest rates

IMF has already declared
new normal to be expected
is near zero

anon

as currency changes are
determined by relative changes
in these rates

all must move relatively in sync
unless they want drastic deviations
in currencies/market swings


*doubtable too if US could handle
20T debt priced to perfection

hmmm
it'd be easy to burst
if they wanted
monkey4truth

User ID: 75155932
United States
06/28/2017 07:19 PM
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Re: Yellen: "I Don't Believe We Will See Another Crisis In Our Lifetime"
If loan rates ..namely mortgages return to historical averages say 7-7 1/2 percent..home loans will be unaffordable for many people and housing will crash yet again..personal income growth has been non existent over the so called recovery and cannot support those increases in borrowing costs
Stand up and speak for truth..even when it's not popular..
Anonymous Coward
User ID: 74414591
United States
06/29/2017 12:13 AM
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Re: Yellen: "I Don't Believe We Will See Another Crisis In Our Lifetime"
Yellen's comment is the same sort of signal as when Irving Fisher stated in 1929 that stocks had reached a permanently high plateau.
Anonymous Coward
User ID: 75053418
Canada
06/29/2017 12:35 AM
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Re: Yellen: "I Don't Believe We Will See Another Crisis In Our Lifetime"
Obviously she's planning to drop dead in the NEAR FUTURE!





GLP