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Janet Yellen. She was good, then maddening.

Summary:
Janet Yellen should know something about interest rates and how they are set. She ran the Fed. So maddening. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman

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Janet Yellen should know something about interest rates and how they are set. She ran the Fed. So maddening. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Janet Yellen. She was good, then maddening.
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

24 comments

  1. Howdy! and thanks.

  2. Janet Yellen wants to keep the neoliberal language going to keep people in the dark. There's an old saying soon to be treasury secretary Yellen. When Souls live in darkness sins will be committed. But the guilt does not lie with those who committed the sin. Rather the guilt lies with those who caused the darkness.

  3. If basing market conditions on fiscal flows is a thing, how do you explain the S&P up 134% from 96-2000 period?

  4. Thing is, Yellen don't run the fed no more. She's no longer the interest rate setter.

  5. Can you please do a video about Andrew Yang running for NYC Mayor? Is he wrong about universal income working on a city level?

  6. Mike she’s being confirmed and has to appease the dolts in congress.

  7. Biden has dementia. You won't see the old Biden. But he's finally president.

  8. I've been on the lookout for any valid criticisms of MMT. Is this guy onto something or just a bunch of hot air? The middle part of the video contains his criticisms of MMT that I don't know enough about to know if they are valid. Thanks! https://www.youtube.com/watch?v=tiymOa_P6KE&list=WL&index=30&t=180s

    • George Gammon follows Austrian School Economics (Libertarian) and very down on MMT. His descriptions of MMT have been misleading and sometimes downright false. He supports the 'printer goes brrrr'/ printing money/inflation idea of QE

      '

    • Ya MMT is legit. It’s the most accurate description of how the currency works in a sovereign system like the USA, Japan, Australia, etc. Modern Monetary Theory is not modern and it’s mot a theory – that’s just what it came to be called spontaneously on a blog somewhere. Billyblog? Idk.

      But just check out the economists and read the basics. There are a lot of good places to start – including Warren Mosler’s “The Seven Deadly Innocent Frauds of Economic Policy” – it’s a free pdf from his website. Videos and articles everywhere. Just pick something bite size then search YouTube for an answer on “Deficit Owls” YouTube channel, maybe.

      What’s no small coincidence is MMT’s best solution to end poverty intersects directly with the (anyone’s) Green New Deal federal job guarantee program.

      All just in time for global warming – ain’t that a peach?

  9. Fully agree with you here bud

  10. last thing i'm concerned bout i what yellen is yellin… there's a hoard of hondurans headed our way while the desire is to lock us citizens down & letting them in… wtf is that shit??

  11. whatsup with she saying massive stimulus and strong dollar policy at the same time ?

    • Productive public investment will strenghten the dollar.

    • they may say they want a strong dollar, but they are always backward on the interest rate thing. Just like the ECB says they want a weak Euro, but everything they do makes it stronger.

  12. Mike, doesn't it show the sign already … about Yellen / Biden admin?

  13. It sure is frustrating and maddening to hear that low interest lock-in nonsense!

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