Tag: Janet Yellen

US economy expanding?

Ms. Cat2 Comments

The first estimate of third quarter real GDP growth in the US was released yesterday. It showed the US economy expanded by an annualised rate of 4.9%. The Financial Times called this a “blistering pace that, not for the first time, defied gloomier predictions from economists.” US Treasury Secretary Janet Yellen commented that “It’s a good, strong number and it shows an economy that’s doing very well,” and she is “not expecting growth at that pace to continue, but we do have good, solid growth.”

US economy expanding?

U.S. can ‘certainly’ afford military support to both Israel and Ukraine, meanwhile…

Ms. Cat

U.S. can ‘certainly’ afford military support to both Israel and Ukraine, Janet Yellen says

“America can certainly afford to stand with Israel and to support Israel’s military needs and we also can and must support Ukraine in its struggle against Russia,” Yellen said, adding that the U.S. economy is doing “extremely well.”

“Inflation has been high and it’s been a concern to households, it’s come down considerably. At the same time, we have about the strongest labor market we’ve seen in 50 years with 3.8% unemployment. And at the same time, America, the Biden administration, has passed legislation that is strengthening our economy in years to come for the medium term.”

Related:

Ticking Time-Bomb: Food Inflation Is Crushing Millions Of Low Income Americans (archived)

And so the debate circles round and round. The US, the “most wealthy nation on the planet”, has a food security problem and is on the verge of an inflationary calamity for millions of low income citizens, all while it spends hundreds of billions of dollars on pointless climate change programs, diversity and inclusion initiatives and proxy wars. Something has to give, and the chances are growing that it will be the American consumer.

Yellen’s Visit To China Has Failed

Ms. Cat

Treasury Secretary Janet L. Yellen visited China. There she tried to press the worlds biggest economy on several issues.

Yellen, in Beijing, Criticizes China’s Treatment of U.S. Companies – NY Times, July 7, 2023

Yellen Urges China to Step Up Climate Finance Investments – NY Times, July 7, 2023

U.S. Raises Pressure on China to Combat Global Fentanyl Crisis – NY Times, July 7, 2023

Yellen’s Visit To China Has Failed

Psychopathic hypocrite criticizes China, for using subsidies, when the CHIPS and Science Act gives $52 billion, in subsidies, to semiconductor companies!

Yellen secretly yells for China’s help

Ms. Cat1 Comment

By Herman Tiu Laurel

The US and its President Biden has been looking sillier and sillier to America’s global audience the past months. Take the inane “Chinese spy balloon” hullabaloo the shadowy anti-China political-media network concocted in February, Pentagon just a few days ago, on June 30, now officially admits “did not collect intelligence while flying over the country.” Yet, that spy thriller concoction delayed Blinken’s “reconciliation” visit to China by five months, pushing through only on June 18.

Yellen secretly yells for China’s help

Related:

[2008] China’s Hu, Bush discuss financial crisis (archived)

Blinken’s Visit to China Confirmed After Call With Chinese FM

Ms. Cat1 Comment

The State Department confirmed on Wednesday that Secretary of State Antony Blinken will be visiting China, making him the highest-level Biden administration official to make the trip.

Blinken’s Visit to China Confirmed After Call With Chinese FM

Global Times:

Blinken visit still ‘opportunity’ amid mutual low expectations

Shortly before Blinken’s visit was confirmed by China, Chinese State Councilor and Foreign Minister Qin Gang had a phone call with Blinken at the latter’s request. During the phone call, Qin expounded on China’s firm stance on core concerns such as the Taiwan question.