February 22, 2007
Yes, disinformation, spin, lying and distortion are in their job description. And yes, the MSM doesn't actually "report" anymore, they just copy and paste.
But good god, how dumb do these people think we are? We're in the second inning of a nine inning game and they say it's over. Not.
Here's the latest BS from a Fed member - Janet Yellen, Fed SF president. You won't believe this one. Either she's stupid, a liar or corrupt. Take your pick.
Note to Yellen and friends - you can't spin your way out of a ponzi scheme or financial mania unwinding and crash. This will run its course. No matter what BS you spout. You will look like a fool next year for quotes like these.
Federal Reserve's Yellen is sleeping better - Says she's less worried about possible housing bust
SAN FRANCISCO (MarketWatch) -- Janet Yellen, president of the Federal Reserve Bank of San Francisco, is sleeping better than she was a year ago, thanks to signs of stabilization in the housing market.
Still, her slumber is occasionally disturbed by worries about inflation, she said after a speech in Santa Clara, Calif. on Wednesday.
Last year, when it looked like the housing downturn could turn into a bust that risked tipping the broader economy into recession, Yellen said she found it more difficult to sleep.
But Yellen said she has noted recent signs of stabilization in the housing market and slim evidence that housing's slowdown has spilled into other parts of the economy.
"I'm waking up less at night than I was," she said. "So far, there's been remarkably little effect on the rest of the economy."
"We're not stepping on the brakes as hard as policy makers have done in the past," she said.