That's why young people cannot get jobs

[urge]

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Obama just nominated a 67 y/o for Fed Chair. I don't get it.

 

[deleted126335]

Obama just nominated a 67 y/o for Fed Chair. I don't get it.

Is this a joke?

Wisdom, Maturity, Stability, Self Control, Proven track Record of scholarship and qualifications, Perception of ability to survive the repeated rectal exams that someone in this position will endure, Credibility with the finanical and non financial media. etc.

 

[urge]

Is this a joke?

No.

These old geezers/geezettes have no accountability. They either die soon or claim Alzheimer's.

 

[deleted126335]

No.

These old geezers/geezettes have no accountability. They either die soon or claim Alzheimer's.

Plenty of old folks don't give a **** what happens after they die.
Plenty of old folks care about the world that they are leaving for their children and grandchildren.

I Hope that Yellen is the latter, but I have no data either way. I think most of the bastards in Congress are the former.

 

[VentdependenT]

Increase government spending and print money faster = new fed chair. That'll work. Her stimulus plan: have the government pay a guy to dig a hole then pay another guy to fill it. OBAMA!

 

[deleted126335]

Going forward from this point, it seems to me that we have three possible outcomes on the economy.

1. Severe inflation
2. Deflation/Depression
3. Stagflation/muddle through

The last few years have been number 3. May we have many more as opposed to 1 or 2.

 

[Bear Grylls]

This is such a dumb post

 

[Surfer]

Stagflation does not mean what you think. It means high inflation combined with a stagnant or recession economy.

 

[deleted126335]

Stagflation does not mean what you think. It means high inflation combined with a stagnant or recession economy.

Economic growth is anemic. Nominal GDP is 2.4%. When looked at as real GDP per capita it is under 1%. While we have relatively low inflation (CPI is about 2%) In the setting of negative real interest rates this magnifies the impact. Additionally there is evidence that the CPI undersates inflation.

Sounds like a mild case of stagflation to me.

 

[Arch Guillotti]

She's a boglehead.

 

[yappy]

I agree. We're not in a period of stagflation. We're pretty much flat across the board - our lost [insert period of time here].