Janet Yellen vs Larry Summers

[bwolinsky]

Quote from Martinghoul:

http://www.bloomberg.com/news/2013-...om-london-to-shanghai-bypass-white-house.html

It sure looks to me that Summers is a LOT more of a political insider than Yellen. Certainly, he's a LOT closer to Obama.

I would agree but even in the light of a London based hedge fund trader like yourself, the little meetings in the morning are about how to indicate dissent in the minutes and managerial help for Ben.

Just how that research director with the Atlanta Fed can influence the outside may have more to do with Bloomberg wanting her as more of a Uberdove than what Summers could be with the Hawkish stance in the last Fed minutes compared to the last few years worth of those.

I think these quotes summed the article up well, as well as reality:

<i>
“Almost every political adviser you see in the White House organization chart has had some experience with Larry Summers,” said Vincent Reinhart, a former top adviser to Bernanke and Alan Greenspan and now the chief U.S. economist for Morgan Stanley. “That’s not true for Janet Yellen.”



“By identifying all the reasons he should go for Yellen it implicitly undercuts support for Summers,” said Sarah Binder, a senior fellow at the Brookings Institution in Washington who studies the relationship between the Fed and Congress. “The letter made a point by not making a point.”

The letter may do little to dissuade Obama, Binder said. “It seems that she’s not in the orbit of what the White House is looking for.”

</i>

 

[bwolinsky]

Looks like Ms. Yellen's deciding whether to try to be a first vice chairwoman to chairwoman so Summers hawkish apropo is not in the cards even if rates will inevitably rise monstrously from here.

 

[xelite777]

Gordon Gekko to Bud Fox :
"Now, you’re not naive enough to think we’re living in a democracy, are you, buddy? "

From the movie "Wall Street" (Michael Douglas, Charlie Sheen).

Let's meditate on that.

 

[smallStops]

In this whole discussion and comparison between Larry Summers and Janet Yallen : has anybody noticed that Larry Summers was Janet Yellen student when he was at Harvard and she was teaching there ?
http://www.elitetrader.com/vb/showthread.php?s=&postid=3884924#post3884924

One thing trading has taught me is :
- attention to the details
- really digging deep into any story
- find out who the fools are

 

[bwolinsky]

Quote from xelite777:

Gordon Gekko to Bud Fox :
"Now, you’re not naive enough to think we’re living in a democracy, are you, buddy? "

From the movie "Wall Street" (Michael Douglas, Charlie Sheen).

Let's meditate on that.

Ohhhhmmmmm, Ohhhhmmmm.