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Yellen: Man Enough for the Job?Follow

#1 Sep 18 2013 at 7:23 AM Rating: Good
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Janet Yellen appears to be the obvious and reasonable top pick for Chairman of the Fed.
Forbes wrote:
As others have noted, she has gotten all the big calls on the economy right during a period when it was really hard for economists to figure out what was going on. She has already been extensively vetted and was easily confirmed by the Senate for the Vice Chair position. She would almost surely sail to confirmation, which is a big plus at a time when Fed policy is so essential to the health of the economy.

Given the urgency of selecting a new Fed Chair and given Janet’s stellar credentials, what could possibly be the hold-up?
Why does the Pres. hedge?
One might ask why Obama originally skipped right over her to Wall Street fanboi Summers???

But Summers is out of the way now. Are pundits and speculators just jumping on the most obvious (and perhaps most defamatory) reasons why Obama continues to hedge on this decision?
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#2 Sep 18 2013 at 7:29 AM Rating: Good
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She'll just spend the economy on new shoes and purses.
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#3 Sep 18 2013 at 7:30 AM Rating: Good
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lolgaxe wrote:
She'll just spend the economy on new shoes and purses.

Yeah well, maybe if she did the prices would come down to something reasonable and we could all enjoy designer bags and clogs.
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#4 Sep 18 2013 at 7:36 AM Rating: Decent
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She's a brilliant economist. She has the charisma of a dead raccoon. Not her fault, not about gender, but a legitimately bad fit for a job that's mostly PR.
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#5 Sep 18 2013 at 8:05 AM Rating: Good
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Smasharoo wrote:
She's a brilliant economist. She has the charisma of a dead raccoon. Not her fault, not about gender, but a legitimately bad fit for a job that's mostly PR.

I'm guessing the federal reserve has a PR person that can charismaticly carry the message. Even my organization has one of them.
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#6 Sep 18 2013 at 9:31 AM Rating: Good
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Now, now, now. We can't have people that are actually good at their jobs in government. That undermines the entire argument that government does nothing right.
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#7 Sep 18 2013 at 9:58 AM Rating: Good
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Now, now, now. We can't have people that are actually good at their jobs in government.
Yeah!

Hey wait ...
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#8 Sep 18 2013 at 9:59 AM Rating: Decent
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I'm guessing the federal reserve has a PR person that can charismaticly carry the message.

You are absolutely wrong. Do you understand the role of Fed Chairman(woman/person/whatever)?
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#9 Sep 18 2013 at 10:56 AM Rating: Good
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Elinda wrote:
Janet Yellen appears to be the obvious and reasonable top pick for Chairman of the Fed.
Forbes wrote:
As others have noted, she has gotten all the big calls on the economy right during a period when it was really hard for economists to figure out what was going on. She has already been extensively vetted and was easily confirmed by the Senate for the Vice Chair position. She would almost surely sail to confirmation, which is a big plus at a time when Fed policy is so essential to the health of the economy.

Given the urgency of selecting a new Fed Chair and given Janet’s stellar credentials, what could possibly be the hold-up?
Why does the Pres. hedge?
One might ask why Obama originally skipped right over her to Wall Street fanboi Summers???

But Summers is out of the way now. Are pundits and speculators just jumping on the most obvious (and perhaps most defamatory) reasons why Obama continues to hedge on this decision?
He heads up the central banking system. He is the chairman of the board of the central banking system. He sets monetary policy and reports to congress.

Historically speaking, the position is like the least 'charismatic' appointee in government. In fact, I had thought somber seriousness was a highly sought after trait for this position. I guess I was mistaking that for penis.
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#10 Sep 18 2013 at 11:18 AM Rating: Decent
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Historically speaking, the position is like the least 'charismatic' appointee in government.

It really isn't. You may be mistaking "charismatic" with "populist". That's not what I mean. It doesn't matter if you think a Fed chairman communicates poorly or is unlikable. It matters a great deal if other Fed governors or private stakeholders do.

I guess I was mistaking that for penis.

What you are doing is mistaking someone not being a good fit for the job with the reason why. Larry Summers also a terrible fit for the job. Not because he's a white guy.
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#11 Sep 18 2013 at 11:25 AM Rating: Good
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Smasharoo wrote:
Historically speaking, the position is like the least 'charismatic' appointee in government.

It really isn't. You may be mistaking "charismatic" with "populist". That's not what I mean. It doesn't matter if you think a Fed chairman communicates poorly or is unlikable. It matters a great deal if other Fed governors or private stakeholders do.

I guess I was mistaking that for penis.
Yellen is a poor communicator? I've not heard that. I've not heard she's unlikable either, but that's not really a defined trait or characteristic is it.

Can you explain again what makes her a poor match for the job. I don't get it?


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#12 Sep 18 2013 at 11:41 AM Rating: Decent
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Can you explain again what makes her a poor match for the job. I don't get it?


Not without context.

http://www.bloomberg.com/video/94250137-yellen-says-more-easing-may-be-required.html

Here's her giving a speech. You tell me if she seems to be charismatic or not, I guess. There's not an equation I can present that would explain it, but the feeling that your grandmother is explaining something to you, poorly, seems to be a common feeling when she speaks. Again, brilliant economist. Could easily do the technical side of the job, and I'd assume the managerial piece. The public face of the Fed piece is the problem. I just want her to make me matzo ball soup. That's an emotional reaction, obviously, but pretending that doesn't matter to markets is silly.

http://www.youtube.com/watch?v=9LZOTh5ksHk

In contrast, here's Elizabeth Warren giving a speech. She doesn't have the technical accumen to be a Fed chairperson, but she has Charisma. Neither has a penis. See the difference?

Edited, Sep 18th 2013 1:43pm by Smasharoo
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To make a long story short, I don't take any responsibility for anything I post here. It's not news, it's not truth, it's not serious. It's parody. It's satire. It's bitter. It's angsty. Your mother's a whore. You like to jack off dogs. That's right, you heard me. You like to grab that dog by the bone and rub it like a ski pole. Your dad? Gay. Your priest? Straight. **** off and let me post. It's not true, it's all in good fun. Now go away.

#13 Sep 18 2013 at 12:39 PM Rating: Good
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Smasharoo wrote:

Can you explain again what makes her a poor match for the job. I don't get it?


Not without context.

http://www.bloomberg.com/video/94250137-yellen-says-more-easing-may-be-required.html

Here's her giving a speech. You tell me if she seems to be charismatic or not, I guess. There's not an equation I can present that would explain it, but the feeling that your grandmother is explaining something to you, poorly, seems to be a common feeling when she speaks. Again, brilliant economist. Could easily do the technical side of the job, and I'd assume the managerial piece. The public face of the Fed piece is the problem. I just want her to make me matzo ball soup. That's an emotional reaction, obviously, but pretending that doesn't matter to markets is silly.

http://www.youtube.com/watch?v=9LZOTh5ksHk

In contrast, here's Elizabeth Warren giving a speech. She doesn't have the technical accumen to be a Fed chairperson, but she has Charisma. Neither has a penis. See the difference?

Edited, Sep 18th 2013 1:43pm by Smasharoo
I was just trying to get you to say 'gravitas'. Smiley: smile

Elizabeth Warren is a good speaker - no doubt. I'd probably put Yellen's public speaking style in the same categories as Greenspans. Bernanke was a little bit easier to listen to. Personally I don't think this is a evidence of a poor fit for the job. But it's more of an attempt at an explanation than anyone else has made.
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#14 Sep 18 2013 at 1:20 PM Rating: Good
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If he'd have picked her Obama would have been a badass.

Edited, Sep 18th 2013 3:20pm by lolgaxe
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#15 Sep 18 2013 at 2:27 PM Rating: Decent
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I'd probably put Yellen's public speaking style in the same categories as Greenspans

I wouldn't. He's actually quite funny although usually playing to a narrow audience, an to be fair it's New England prep school ivy league humor. Yellen also went to Yale, so you know, that's an obvious flaw.
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#16 Oct 09 2013 at 11:49 AM Rating: Decent
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Janet Yellen appears to be the obvious and reasonable top pick for Chairman of the Fed.

Looks like you were right! It'll be interesting to see how her first couple of years go.
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Disclaimer:

To make a long story short, I don't take any responsibility for anything I post here. It's not news, it's not truth, it's not serious. It's parody. It's satire. It's bitter. It's angsty. Your mother's a whore. You like to jack off dogs. That's right, you heard me. You like to grab that dog by the bone and rub it like a ski pole. Your dad? Gay. Your priest? Straight. **** off and let me post. It's not true, it's all in good fun. Now go away.

#17 Oct 09 2013 at 12:54 PM Rating: Good
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Smasharoo wrote:
She has the charisma of a dead raccoon.
I would think most people like dead raccoons. Means they're not getting into your ****
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#18 Oct 09 2013 at 3:11 PM Rating: Good
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I'll be awaiting my designer bag and clogs.
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#19 Oct 09 2013 at 3:49 PM Rating: Good
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Smasharoo wrote:
Janet Yellen appears to be the obvious and reasonable top pick for Chairman of the Fed.

Looks like you were right! It'll be interesting to see how her first couple of years go.


The assumption is she will follow in The Ben Bernanke's footsteps. QE and bond purchases ongoing due to self inflicted wounds is fairly probable.
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#20 Oct 09 2013 at 3:59 PM Rating: Good
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I predict that, realising that money draws its value from the reflexive web of human expectations that is society, she'll fix the economy through widespread mind-control. Expect the street cost of LSD to increase in the short term, only to fall severely once public production gets going.
#21 Oct 09 2013 at 4:10 PM Rating: Good
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The street cost of LSD has increased in the short term. Are you NostrodamusGbaji?
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#22 Oct 09 2013 at 4:36 PM Rating: Good
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All my predictions come true, with liberal interpretation.

So to speak.
#23 Oct 09 2013 at 5:27 PM Rating: Decent
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The assumption is she will follow in The Ben Bernanke's footsteps. QE and bond purchases ongoing due to self inflicted wounds is fairly probable.

She has a less aggressive view on "tapering". If that matters much remains to be seen. She doesn't seem to have much pull in the FMOC, but obviously that changes to some extent.
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To make a long story short, I don't take any responsibility for anything I post here. It's not news, it's not truth, it's not serious. It's parody. It's satire. It's bitter. It's angsty. Your mother's a whore. You like to jack off dogs. That's right, you heard me. You like to grab that dog by the bone and rub it like a ski pole. Your dad? Gay. Your priest? Straight. **** off and let me post. It's not true, it's all in good fun. Now go away.

#24 Oct 09 2013 at 5:39 PM Rating: Decent
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lolgaxe wrote:
I'll be awaiting my designer bag and clogs.

They didn't pick Carson Kressly...
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#25 Oct 10 2013 at 2:45 PM Rating: Good
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Debalic wrote:
lolgaxe wrote:
I'll be awaiting my designer bag and clogs.
They didn't pick Carson Kressly...
That's not going to make me stop waiting.
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#26 Oct 13 2013 at 8:15 AM Rating: Good
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I'm just going to leave this here.
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#27 Oct 14 2013 at 10:02 AM Rating: Good
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Smasharoo wrote:
The assumption is she will follow in The Ben Bernanke's footsteps. QE and bond purchases ongoing due to self inflicted wounds is fairly probable.

She has a less aggressive view on "tapering". If that matters much remains to be seen. She doesn't seem to have much pull in the FMOC, but obviously that changes to some extent.

I'll be interested to see how she responds once inflation starts back in. She's been on record somewhere (off the top of my head) as saying that she's not as worried about inflation as she is about unemployment reduction.

Plus, nothing would make this administration happier than a little inflation to boost exports and reduce the value of all the debt they're racking up. Smiley: tinfoilhat
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#28 Oct 14 2013 at 12:34 PM Rating: Decent
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I'll be interested to see how she responds once inflation starts back in.


I imagine she'd do cartwheels. Only an abject idiot would be worried about inflation given the current set of economic circumstances.
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To make a long story short, I don't take any responsibility for anything I post here. It's not news, it's not truth, it's not serious. It's parody. It's satire. It's bitter. It's angsty. Your mother's a whore. You like to jack off dogs. That's right, you heard me. You like to grab that dog by the bone and rub it like a ski pole. Your dad? Gay. Your priest? Straight. **** off and let me post. It's not true, it's all in good fun. Now go away.

#29 Oct 14 2013 at 4:58 PM Rating: Good
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Ew.
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#30 Oct 15 2013 at 7:25 AM Rating: Good
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Cartwheeling raises charisma by +5.
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