Yellen JUST Flipped....

you know sometimes i just don't even

know what to believe anymore it's

really frustrating but right after janet

yellen well maybe not right after but

after janet yellen shocked markets

by reminding you that the coupon code

expires tomorrow on cinco de mayo for

the program's link down below

okay uh after janet yellen freaked out

uh markets that hey

we might have to raise rates here in the

future which is obviously something she

internalizes it's obviously something

she believes obviously right

uh i mean hey she was talking about the

context of if we spend four trillion

dollars

economy could overheat and we might have

to raise rates that led the market to

have heartburn today the market was

pretty darn down today in fact the

nasdaq was down more than

any day it's been since march and we had

some big sell-offs the first week uh

first week in a bit of march but anyway

janet yellen

is now trying to backtrack some of those

comments

bloomberg has her quoted here saying

it's not something i'm predicting

or recommending if anyone appreciates

the independence of the federal reserve

i think that person is me okay so so

in other words let's let's clarify this

she's not predicting the fed's going to

raise rates

she's not recommending the fed raises

rates but

and that's what she did say here but she

did say earlier she thinks that rates

would go up

uh with potentially with biden's plan

which she didn't say that oh never mind

never mind i take that back

so you still think greats are going to

go up with biden's plan

and this has led a lot of people to go

well so that means you

internally think there's going to be

inflation

of course they try to address that as

well in fact i'm going to read this

section here from bloomberg thank you

bloomberg

yellen said she didn't anticipate a bout

of persistently higher inflation

but that if one occurred about a fire

inflation

the central bank has the tools to deal

with it the biden administration has

proposed the 4 trillion

plan uh and obviously she kind of

screwed things up a little bit earlier

in the day with her comments that hey we

might see higher rates so

what do we make of this well in my

opinion

i hate to say it but i think there are a

lot of absolutely clueless people right

now

in terms of what the heck is actually

going to happen with inflation

and this isn't to call janet yellen

clueless okay

i do have some skepticism about uh all

of

janet yellen's resources though because

look she did come out within like the

first two weeks of her

being in office talking about how uh how

many criminals

use bitcoin and it's like oh my gosh

this is a

old news old argument and be wrong it's

like less criminally used statistically

than

cash and it's certainly more trackable

than cash

so if anything criminals would be more

incentivized to use

cash and fiat cryptocurrency

so i'm a little skeptical like sometimes

i'm getting a little worried

that that janet's uh gonna say some

things

potentially without full research but

i wouldn't be surprised if she's at the

dinner table these are the conversations

that are coming out like oh yeah you

know we'll be raising rates soon now in

fairness

jerome powell did say hey look if rates

if if inflation goes up and we're wrong

and there is persistent inflation we'll

raise rates so she's not wrong about

that

suspicion i mean jerome powell did in an

interview with uh sarah eisen

in front of the imf uh say yeah look

that that

is our principal tool our principal tool

of controlling inflation

is raising rates so she's not wrong

about that

but really what she's doing is adding

fuel to the fire of all this confusion

like look if you're gonna speculate

about what the fed is doing maybe talk

to jay pal first and go yo jay powell

why do you think there's gonna be all

this uh you know lack of persistent

inflation have a conversation

and that way next time you get

interviewed you could say you know

jerome powell

uh strongly believes we're not going to

see persistent inflation

but you know if he's wrong obviously

rates would go up to to sort of control

inflation

at least i think that's what they would

do you know that's what i would try to

say if i were in her shoes

but oh instead she's like yeah yeah you

know another four trillion dollars you

know we gotta be careful with deficits i

mean we might have to raise rates

it's like oh janet janet you you just

you're messing you're messing with the

markets here you're really screwing

things up

but hey you know what in fairness it

created a buying opportunity went

shopping today i sent out alerts uh

like i always do when i go shopping uh

we'll see if

the red continues but the reality here

is all this talk

from janet yellen it doesn't really

matter does it

really matter i mean come on we already

expect that there's going to be

persistent inflation i mean look around

lumber prices commodity prices

we already expect it the thing that's

going to rescue this market

is data proving our expectations

wrong data coming out saying no there's

not going to be persist inflation that

is what is going to solve this

until that happens we are going to be on

this roller coaster where literally

markets get chest pain

every time somebody even mentions the i

word yeah

and in this case it does look like

there's an eye in team

i don't know bad jokes magics anyway i

just didn't want to

i did want to provide that insight that

janet yellen did give us a little flippy

floppy

tried to walk back her comments uh and

and sometimes honestly i hate to say it

but

you have to be a little bit skeptical

too like wait did you walk back those

comments because the market freaked out

or because you misspoke

all right folks thank you so very much

for watching hopefully appreciate these

updates i will never stop providing you

updates and thank you so much for being

here i love all of you

left right center it doesn't matter to

me and you know that folks

one day one day we're going back to the

moon okay

see y'all bye