Spacey Central Bankers

Two central banks tried it before you with less than good results. But you no doubt believe you and your cohorts can do it better. You didn't learn anything from their mishaps apparently.

This is why Fed Chair Janet Yellen hasn't got a clue. This is why she has to go. It 's no longer just laughable. It's now nearly pitiful how misguided the Eccles Building crew is. They have managed to give even the Peter Principle a bad name. It's one thing to rise to your level of incompetence. It's another all together to take it into outer space. Spacey central bankers can kill more than an economy.
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.zerohedge.com/news/2016-09-29/despite-japanese-failure-janet-yellen-suggests-buying-stocks-help-increase-spending

Having hinted overnight that The Fed could buy stocks "maybe in the future," Janet Yellen blurted out confirmation that buying assets other than long-term U.S. debt is on the table. Despite the total and utter failure of SNB and BOJ direct equity buying to create increased consumption, Yellen explained "it could be useful to be able to intervene directly in assets where the prices have a more direct link to spending decisions."

Speaking via videoconference in response to questions raised at forum of Kansas City Fed minority bankers, Fed Chair Janet Yellen says there could be benefits to Fed buying equities or corporate bonds, yet would also likely be costs that have to be considered.

The idea of expanding into areas like equities might be “good thing to think about,” yet is not “something we need now,” Yellen said, noting that (for now) The Fed is more restricted in which assets it can purchase than other central banks.

"If we found, I think as other countries did, that they could reach the limits in terms of purchasing safe assets like longer-term government bonds, it could be useful to be able to intervene directly in assets where the prices have a more direct link to spending decisions."

And as Reuters notes, the Fed could get benefits from buying assets other than long-term U.S. debt if in a future downturn it could not buy any more government bonds, Fed Chair Janet Yellen said on Thursday.

So let's see how those "other countries" equity buying schemes have done.

Japanese Equity ETF purchases have utterfly failed to spark a rebound in Japanese Household Spending...

Let alone even maintain Japanese stocks!!