"Although risk and liquidity premiums in these key markets have returned closer to normal, at some point the Fed and the Treasury will need to review why the market-making facilities in place before the pandemic hit did not work more efficiently," Bernanke and Yellen said inBoth former central bankers served during the financial crisis, Bernanke as chair and Yellen as president of the San Francisco Fed.
For one, they noted that the Fed has restricted banks from buying back shares and limited their ability to pay dividends, and that may not be enough to ensure stability.
benbernanke JanetYellenBlog you guys serious Gold has 100x against US dollar since 1933
MACK34164985 The Fed already knows why it broke. It broke because you can still get 50X leverage in repo and 100X+ in futures (if you are Stevie and Kenny). A 100B+ plus 'hedge fund' has only one real investment goal--monetize too big to fail.
Silliness
Since Bernanke is on the payroll at Citadel, perhaps he can give and insider account. Pathetic.
They should start by looking in the mirror.
Market broke down because we all know the musical chair reference. But when fed says it would support economic markets it was the first time where fed made clear as day that they would support markets. So that's when I was like ok maybe they aren't trying to destroy me as soon as
Bernanke & Yellen have been told directly multiple times that Dodd-Frank & the Volker Rule left institutional markets broken. And it’s not just big banks who suffer, it’s thousands of firms which trickles down to millions of people. Fed market manipulation is also 2 blame.
Gee you think it might be the virus
Hahaha...what a joke
Bernanke said at the onset of Covid that it’s effect will be similar to the effect of a snowstorm, I.e. recovery would be V shape. Now he is singing a different song.
Will they also find out why if went back up in April🤣
FINANCIEROS APOCALIPTICOS!!!!ELLOS GENERAN LAS CRISIS!!!! CON CUALQUIER EXCUSA PARA FUNDIR Y COMPRAR BARATO
The fed equivalent to looking for the car keys and not checking your pockets. LMAO
I can save them tens of millions of dollars. The answer is that our state and local governments shut down the largest economy in the world one county and state at a time. The stock market responds to economic activity, not inactivity.
You would think Bernanke and Yellen would already know. benbernanke JanetYellenBlog
Mint ran out of ink and paper 🤪
Because they broke it.
These two people should ask their grandparents why the market broke down in 1929.
Wow, perhaps they should have known in, oh, IDK, MARCH
They dont know Can't believe those idiots were ever put in charge
These Fed folk are not the brightest of the bunch.
March. March! March? Now, what possibly could have happened in March?....
Let's blame Putin in 1 2 3....ridiculous! How can the market not crush when you lock down the whole fucking country with a global pandemic wreaking havoc!? If these are the people to save us, we are in big trouble
Not rigged enough to their satisfaction i suppose
See if they can figure out why you guys have never once seen a top coming in stonks, but ya always 'nail the bottom'.
They’re joking right?
The media shut down the country over the seasonal flu
Too much cash and too much credit. Don't they know?
The world was kinda on fire...
🤦♂️ cc fleckcap ttmygh
Market knows no bounds, fluctuations is part of the market
LOL. Remember expert Yellen famously said a few years ago no new financial crisis in our lifetime. These types of clueless 'academics' and their nutty headlines.
Yes I remember very well the day your very own station began setting the stage and building the narrative for the subsequent manipulation, saw this coming in October when the DJI breached the .161 fibonacci and was waiting for the perfect news to surface 😅 coronavirus 😉🤥🤫
lol lol lol lol lol bernarke a big manipulator of ROBIN HOOD , Remeber this
Is this a joke?
This is so dumb. There was a panic. Nothing 'broke down.' People panic from time to time. These academics are so clueless.
Totally agree! Market went crazy as if half the world economy simultaneously shut down due to something crazy like a Godzilla attack or some sort of new killer virus!
Worldwide pandemic. The market is broken right now far worse than it was then - what percentage of the Dow Jones is completely unable to pay their debt service? And what percentage of those are going up in value? Remember Hertz *issuing stock* during bankruptcy? That is broken.
Can those incompetent idiots Bernanke and Yellen just die so we get rid of them.
Selling stock should be a felony
If they really need this explained, they can give me a call and I can walk them thru the reasons 🤣
Why Market goes up in overnight sessions
Structural Issues - Market Makers don't carry enough inventory on their balance sheets. Explosion of ETFs and passive vehicles, when everyone rushes for the exit, there is indiscriminate panic selling. Algo's only make problems worse...
The Fed has totally corrupted the market. It's not even a market anymore, it's a controlled Ponzi.
obvious. trump and friends team up. make deal to sell hard to justify printing money. then buy back hard with printed money.
They are really clueless. The fed needs to be disbanded ASAP.
Let me give it to you straight and quick: LIQUIDITY CRISIS Why did it snap right back up in short order: LIQUIDITY CRISIS OVER That's it, that's all that it was, period. The market NEVER revalued anything. Stop looking for a reason.
Could it have possibly been the global pandemic and mandatory shutdown of businesses across the globe?... Stab in the dark
In September 2019. A rope and a tree.
It's the passive money and the algos.
It was wierd right. Why spx go down ever
This headline is exactly why we are hitting 400 on the SPY by December.
Isn't it completely obvious? They should find out why it has recovered so much since March instead.
They are frauds. Boosting markets with more Fed puts while main street gets screwed. Things crashed because companies were afraid their access to cheap debt would dry up. Businesses are about access to debt not sales or profits due to these jackasses.
They didnt think it can go bbrrrrrrrrrrrrrr as loud as it went bbbbrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr. PPT came to the rescue. Free markets over. U.S = state planned economy now iow communist in a sense. lovely!
I'll take cash flow disruptions of enterprises with shaky fundamentals trading at very optimistic valuations for $500 Alex
Maybe had something to do with economies around the world shutting down. That's my best guess anyway.
That’s like asking Dr. Jekyll to reprimand Mr. Hyde...😉
Pretty sure it’s because there were more sellers than buyers
If they can't figure that one out, where any other idiot can connect the dots there, thank goodness neither is in charge of the Fed anymore. SMDH
Seriously. They are both that stupid
What is the point of market making when they can pull orders in a voltaile market and have priority at the front of the queue in stable market? They provide no external benefit to markets and only extract wealth for themselves through high frequency trading. It's just a racket.
Probably because market overpriced due to Fed policy as global economy shuddered to a halt.
Can they also find out why the price of my car and house went down?
Wow! Just Wow! I thought we had a free market 🤔
Okay, what did happen in March 🤔🤔🤔 ... maybe due to a virus and the lockdown in much countries ...🤔🤔🤔
Please, please tell me this is a joke. For the love of God, somebody make stop. Is independent thinking of any kind required to get a job there?
Because of price discovery you clowns, which you have just killed
The breakdown started last September 2019 when the FED began bailing out the markets....it was a bubble already until the COVID popped it.
Haha
Wow u must be kidding....i love the jobs where you obviously dont know what u are doing ... where can i apply
Yet no need to find out when it pumps
oh brother
How stupid does a career at the fed actually make someone?
Does the term “overvalued” when looking ahead still have a meaning?
I'm no genius but, duh.
maybe because of a pandemic that halted the economy? 🤯🤯🤯🤯
But they don’t want to know why its going up with astronomical PEs? 🤨
We are so freaking screwed. These people are complete idiots.
Duh. Im sat here in my pants like an overfed goldfish and I can figure that.
defundthefed
You gotta be kidding me
Their own failed policies. LOL
Ummmm nationwide, mandatory shut down of business? Maybe let’s investigate the fed’s books instead.
Embarrassing. Stop trying to normalize this behavior it’s beyond ridiculous. No one/nothing “forced” the fed to step in, except maybe a market functioning as it was envisioned by Adam Smith
That pesky sell button...needs to be outlawed 😂
Are they not alive? Cuz everyone on planet panicked thinking there would be no revenue for businesses and, therefore, no capital markets for borrowing.
Bernanke and Yellen gaslighting fintwit now.
Ok, fine, yet If your gonna investigate the massive downs, gotta investigate the massive ups 2.
beyond parody
So they want to investigate everyone who sells. Himm great idea !! 😡
LOL!!!! the perma pump CNBC and the band of dipshits
Because BillAckman cried and freaked out on HalftimeReport while shorting the market. ScottWapnerCNBC
OK - btw when will they be replaced?
federalreserve to jail all sellers as it was not allowed.
Bernanke and Yellen need to be charged with treason. But they will be held responsible by God for all the suffering they have caused to humanity.
How about a decade of ensuring market fragility by stepping in at every hiccup.
Does it take a genius to figure it out? It was normal market functioning in the face of a global pandemic and hard stop. The real investigation should be how the markets are hitting all time highs while we are in a depression.
Hipster_Trader lol
FEAR
UFO's?
It's a market. Prices are supposed to go up and down
... I’m going to go out on a limb and say it was fear of the coronavirus.
I think we know....
Hm idk why. Maybe because u shutdown the whole fucking country