Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
LOL! Huffpost headline: "UH-OH! Summers likely next Fed chair!" (on the front page), then article: "Fears Rise That Larry Summers Is Likely To Be Named Fed Chairman".
It's remarkable. Whether one agrees with what Bernanke did or not, it becomes a matter of importance for a smooth transition if Bernanke is indeed leaving. This whole thing of going back-and-forth between Summers and Yellen and a few others is not helping anything and if they indeed go with Summers, that will not go well. It may be a buying opportunity perhaps, but not go well.
With Yellen, you effectively have Bernanke in a very different form.
Comments
The user comments on a potential administration decision seem almost uniformly negative (although admittedly I didn't read through all 107 pages of comments... http://www.huffingtonpost.com/2013/07/23/larry-summers-fed-chairman_n_3641737.html)
It's remarkable. Whether one agrees with what Bernanke did or not, it becomes a matter of importance for a smooth transition if Bernanke is indeed leaving. This whole thing of going back-and-forth between Summers and Yellen and a few others is not helping anything and if they indeed go with Summers, that will not go well. It may be a buying opportunity perhaps, but not go well.
With Yellen, you effectively have Bernanke in a very different form.