The focus of the blog is on the economic and financial uncertainties that the world economies will face over the next five years along with demonstrating how investors can profit and survive during the upcoming manipulated economic chaos. Please keep-in-mind that I don't provide investment advice. I am simply posting what my investment views of the market happen to be. Your investment decisions are solely your own responsibility.
Tuesday, June 23, 2009
Summers for Bernanke as Fed Chairman?
Rumor has it that Larry Summers will replace Ben Bernanke as Fed Chairman when his term is up in January. Summers is Obama's Director of the National Economic Council (NEC). Further, the rumor on Wall Street is that Summers agreed to be Obama's Director of the NEC as long as Obama appointed him as Fed Chairman in January 2010. I don't have a problem with replacing Bernanke but NOT with Summers. Now, lets work on a replacement for Tim Geithner as Treasury Secretary.
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