A plaque remaining from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem.

Above, a 1934 plaque from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem. Discarded as trash in 2006.

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Entry from November 14, 2013
QEeen (quantitative easing or QE + queen)

In 2013, Janet Yellen was nominated for Federal Reserve chair. The Federal Reserve has a well known quantitative easing (QE) program (called “money printing” by many).

During Yellen’s confirmation hearing before the U.S. Senate’s Banking Committee on November 14, 2013, the financial blog Zero Hedge used the neologism “QEeen” (QE/qantitative easing + queen) in five headlines.


Wikipedia: Janet Yellen
Janet Louise Yellen (born August 13, 1946) is an American economist and professor who is the Vice Chair of the Board of Governors of the Federal Reserve System. Previously, she was President and Chief Executive Officer of the Federal Reserve Bank of San Francisco, Chair of the White House Council of Economic Advisers under President Bill Clinton, and Professor Emerita at the University of California, Berkeley’s Haas School of Business. On October 9, 2013, President Barack Obama nominated Yellen to be Chair of the Federal Reserve. If confirmed, Yellen would be the first woman to hold the position.

Zero Hedge
Market Awaits Coronation Of The QEeen
Submitted by Tyler Durden on 11/14/2013 07:08 -0500
Japan growth cut in half, Europe growth cut by more than half, but none of that matters: today it will be all about the coronation of QEeen Yellen, who testifies before the Senate Banking Committee at 10am.

Zero Hedge
QEeen Yellen’s Testimony Preview
Submitted by Tyler Durden on 11/14/2013 09:04 -0500
It would appear that much of the rally yesterday (and early overnight) was driven by hope (and confirmed relief) that Fed chair nominee Yellen is not about to take on a substantially less-dovish tone in today’s testimony in an effort to garner the support of the more hawkish elements of the Senate Banking Committee.

Zero Hedge
QEeen Yellen’s Senate Nomination Hearing - Live Webcast
Submitted by Tyler Durden on 11/14/2013 09:55 -0500
Following our earlier preview, we expect the Q&A to have some potential fireworks as the politicians demand she “get to work” as soon as possible. If you are playing buzzword bingo at home - drink if she says “bubble”, “depression”, “data-dependent”, “fiscal”, or “screw you Schumer.”

Zero Hedge
Gold Spikes As QEeen Yellen Mentions Fed’s Tools (Then Slides As She Warns “QE Can’t Go On Forever")
Submitted by Tyler Durden on 11/14/2013 10:32 -0500
UPDATE: Gold is slipping back as Yellen notes:

*YELLEN SAYS QE `CANNOT CONTINUE FOREVER’
*YELLEN SAYS FED TAKES RISKS OF QE `VERY SERIOUSLY’

Zero Hedge
QEeen Yellen Nomination Hearing - Post Mortem (Dovish 32 : 18 Hawkish)
Submitted by Tyler Durden on 11/14/2013 12:27 -0500
The soon-to-be-confirmed Mr. Chairwoman had plenty to say - none of which came as a great surprise. Overall we scored her comments 32 Dovish to 18 Hawkish (which fits with all pre-conceved ideas about the size of her index-finger in relation to the ‘print’ button). A few cherubs include:

*YELLEN SAYS BENEFITS OF QE STILL EXCEED THE COSTS
*YELLEN SAYS QE `CANNOT CONTINUE FOREVER’
*YELLEN DOESN’T SEE ASSET BUBBLE IN HOUSING PRICES
*YELLEN SAYS QE IS NOT AIMED AT HELPING TO FINANCE U.S. DEFICIT
*YELLEN: NO ONE HAS A GOOD MODEL ON WHAT INFLUENCES GOLD PRICES

Twitter
Ilya Grigorovich
‏@IGrigorovi4
Has Janet “QEeen” Yellen made it to the trends already?
1:39 PM - 14 Nov 13

Posted by Barry Popik
New York CityBanking/Finance/Insurance • Thursday, November 14, 2013 • Permalink