Janet Yellen departs from office — as she leaves a trail of mess behind her

[DonGlock26]

Janet Yellen departs from office — as she leaves a trail of mess behind her



Specifically, my sources who follow the bond market say Yellen has been setting a trap for the incoming Trump administration through the way she financed the massive $1.8 trillion federal budget deficit that exploded during the Biden years with the accumulation of $36 trillion in debt.

Yellen has been moving away from long-term debt to finance the shortfalls to shorter-dated securities, essentially rolling over deficits with more and more Treasury bills instead of the normal way of debt issuance through 10- and 30-year debt.


In an era of low interest rates, Yellen & Co. could have locked in relatively cheap interest payments for years by issuing more 10- and 30-year debt.

So why go there? Politics, according to Yellen’s Wall Street critics.

Because the Biden administration has taken spending to new and some say unsustainable levels, Yellen needed to engage in a bit of financial chicanery to keep interest rates low and not spook the stock market during an election year, her critics say.

Janet Yellen departs from office — as she leaves a trail of mess behind her

The whiplash-inducing, “Hunger Games”-style race to become Donald Trump’s Treasury secretary made it easy to ignore what has been going on with Janet Yellen — and her absolute mess.

nypost.com

It's going to take a lot of work to repair the damage caused by the Biden admin.
Trump's team is our best shot out of this mess, and that's why he won.

 

[JGalt]

I bat Janet was Yellen at her TV the morning after election night.

 

[DonGlock26]

I bat Janet was Yellen at her TV the morning after election night.

She was probably up all night hammering cell phones into a fine powder.

 

[JGalt]

She was probably up all night hammering cell phones into a fine powder.

She probably ordered a new document shredder for the Treasury Department too.

 

[DonGlock26]

She probably ordered a new document shredder for the Treasury Department too.

View attachment 1047582

Solar powered?

 

[Mashmont]

It's going to take a lot of work to repair the damage caused by the Biden admin.
Trump's team is our best shot out of this mess, and that's why he won.

It was frightening when a supposedly neutral financial leader called for $3 trillion annually to fight the climate change hoax. She was a Marxist ideologue.

 

[1srelluc]

Did she leave an old black woman behind with the rest of the dem trash?

 

[JoeB131]

It's going to take a lot of work to repair the damage caused by the Biden admin.
Trump's team is our best shot out of this mess, and that's why he won.

Wow, already making excuses for the Second Trump recession, eh?

 

[1srelluc]

Wow, already making excuses for the Second Trump recession, eh?

We will be in Vance's term before we unfuck what you assholes have done to the country.

 

[Blaster]

Yellen is incompetent.

 

[JGalt]

Wow, already making excuses for the Second Trump recession, eh?

There was no "first Trump recession", unless you count the economic effects of the pandemic, which Trump had nothing to do with. And it only lasted two months.

List of recessions in the United States - Wikipedia

 

[JoeB131]

We will be in Vance's term before we unfuck what you assholes have done to the country.

Really?

It seems that things are running reasonably well now. Unemployment is low, inflation is under 3%, and The Stock market was doing well before the election.

You don't seem to get how this works. If things get worse in Trump's first year (and they probably will even if he doesn't mess things up with tariffs and deportations) voters aren't going to wait until 2028. They'll take it out of his hide in 2026, with a bunch of GOP governors and congressmen getting the ax.

 

[JoeB131]

There was no "first Trump recession", unless you count the economic effects of the pandemic, which Trump had nothing to do with. And it only lasted two months.

Sure looked like a recession to me. 14% unemployment, probably the worst in my lifetime.

But you keep pretending Trump knew what he was doing.

 

[JGalt]

Sure looked like a recession to me. 14% unemployment, probably the worst in my lifetime.

But you keep pretending Trump knew what he was doing.

Whatever. The fact is, Trump won and your girl lost.

And there's not one single thing you can do about it. So get over it.

 

[SaxonJackson]

It's going to take a lot of work to repair the damage caused by the Biden admin.
Trump's team is our best shot out of this mess, and that's why he won.

These snake-children hate Trump SO MUCH that they're willing to hurt an entire nation of hard-working taxpayers to get even with us. If they're ever tried in a court of law; found guilty; and sentenced to a firing squad -- I volunteer to join the squad, free of charge, and I'll bring my own rounds. It would be an honor and a privilege, and I mean that sincerely.

 

[DBA]

Sure looked like a recession to me. 14% unemployment, probably the worst in my lifetime.

But you keep pretending Trump knew what he was doing.

Pre-pandemic, there was no issue. Following the pandemic, the recovery was actually going quite well too given the circumstances until dementia Joe took office. Had he not been elected, the economy would have absolutely boomed as people were ready to get out and spend again. It did well for a period despite Biden’s policies, not because of them. Even an idealistic, ignorant Democrat couldn't screw that up.

And yes, this administration is doing everything they can to screw things up even more before they leave. That is because they hate Republicans and Trump more than they love our country. Most people have figured that out and you are in the minority.

 

[JoeB131]

Pre-pandemic, there was no issue. Following the pandemic, the recovery was actually going quite well too given the circumstances until dementia Joe took office. Had he not been elected, the economy would have absolutely boomed as people were ready to get out and spend again. It did well despite Biden’s policies, not because of them.

And yes, this administration is doing everything they can to screw things up even more before they leave. That is because they hate Republicans and Trump more than they love our country. Most people have figured that out and you are in the minority.

Actually, this is crap, we were sliding into a recession before then. The company I was working for at the time was doing layoffs long before Covid hit. A large part of it was because his tariffs on China were already impacting the economy in making components for American manufacturers more expensive.

Guy, 49.9% of an electorate where 37% of people didn't vote at all is not a "majority". You will be amazed how fast people turn on Trump when his economic ideas all turn out bad.

Besides the usual GOP mismanagement, two things he wasn't to do will definitely reek havoc with the economy. 1) Tariffs and 2) Deportations.

 

[DonGlock26]

Wow, already making excuses for the Second Trump recession, eh?

Embrace Bidenomics.

 

[DonGlock26]

Actually, this is crap, we were sliding into a recession before then. The company I was working for at the time was doing layoffs long before Covid hit. A large part of it was because his tariffs on China were already impacting the economy in making components for American manufacturers more expensive.

Guy, 49.9% of an electorate where 37% of people didn't vote at all is not a "majority". You will be amazed how fast people turn on Trump when his economic ideas all turn out bad.

Besides the usual GOP mismanagement, two things he wasn't to do will definitely reek havoc with the economy. 1) Tariffs and 2) Deportations.

Bidenomics got Trump elected. People remembered the Trump economy and want it back.

 

[sparky]

We will be in Vance's term before we unfuck what you assholes have done to the country.

even pig farmers can figure that out Relluc ...~S~