Reports: Larry Summers withdraws from Fed chairman consideration

Withdrawal letter from Summers:

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Or maybe this has something to do with it...



 
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if this conspiracy is true - and it looks like it is - those involved need to be castrated.
 
So it looks like it comes to Yellen, Kohn, or perhaps Dudley...? My guess is it goes to Dudley (ie Goldman).
 
pitiful, the Zombi Apocalypse in the Executive Branch and Congress couldn't figure this out themselves... Oh well .... golf is fun !!!! Let's hope Obama stays on the golf course every day for three more years... Encourage that man to stay on vacation, and possibly this country will survive.
 
Should be obvious. This was the political shuffle game to get Yellen the chair with the least resistance.
 
I just wonder if Yellen actually knows what these criminals are really doing? I doubt it and frankly no way they'll put someone unknowing in charge. It will be someone who knows the macro gameplan for sure.
 
Madison320 said:
I'm not even watching the markets. Just waiting for the decision to taper or not to taper. I heard we find out thursday morning.
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I doubt any decision will be made with certainty. That being said, they might "hint" at a taper and watch the stocks drop a few hundred points again. Round and round we go.
 
jllundqu said:
I doubt any decision will be made with certainty. That being said, they might "hint" at a taper and watch the stocks drop a few hundred points again. Round and round we go.
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I think they have to say how much they are going to buy this month. My guess is they will announce that they will hold at 85 until the end of the year.
 
It would not surprise me to see to see a taper, a huge drop in the markets...the big banks holdings tons of cash buy assets on sale...then as rates spike TPTB spread the "SEE YOU NEED US AND OUR MONEY PRINTING MEME" and the last leg of the USD collapse kicks in as QE is doubled or tripled down.

Madison320 said:
I think they have to say how much they are going to buy this month. My guess is they will announce that they will hold at 85 until the end of the year.
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Seraphim said:
It would not surprise me to see to see a taper, a huge drop in the markets...the big banks holdings tons of cash buy assets on sale...then as rates spike TPTB spread the "SEE YOU NEED US AND OUR MONEY PRINTING MEME" and the last leg of the USD collapse kicks in as QE is doubled or tripled down.
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I think if they taper it will be tiny, like 85 to 80. Even that will send interest rates up and they'll have to reverse course. This is kind of exciting, in a twisted way. I can't wait to see what happens.
 
The mere mention of taper has sent yields up from 1.6% to 2.95 on the 10 year. That's a huge move in such a short period of time.

Madison320 said:
I think if they taper it will be tiny, like 85 to 80. Even that will send interest rates up and they'll have to reverse course. This is kind of exciting, in a twisted way. I can't wait to see what happens.
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Darkhorse; Christina Romer.

If I were a betting man, I'd put some chips on her being the Fed Chair(woman). The payout would be huge and the probability, in my mind, much higher then most think.

http://en.wikipedia.org/wiki/Christina_Romer

In late 2008, Romer along with fellow economic advisors Larry Summers and Peter R. Orszag presented then-President-elect Barack Obama with recommendations for a stimulus package. Romer calculated that a $1.8-trillion package was necessary to fill the output gap, but Summers rejected the proposal and opted not to include it in the memo fearing that a trillion-dollar package would not pass through Congress.
 
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