The momentum is building, soon a huge tsanami size wave of hysteria will sweep through US markets, already quivering with QE nervous frenzy, all the way to 2014.
In one article from Yahoo finance the whole build up has been painted:
"President Obama is mulling what could well be the most important decision of his second term – nominating Ben Bernanke’s replacement as Federal Reserve chairman. Bernanke, whose second four-year term is set to end in January, has presided over perhaps the most dramatic period in the century-long history of the Fed....blah...blah"
Then there are the orbiting headlines:
"Analysis: Summers-led Fed might raise rates faster than Yellen"
"Larry Summers Is Too Much of a Hothead to Be Fed Chair: Kai Ryssdal"
But Yellen gets the boot too;
"Janet Yellen: Focusing on Her Gender Sets a "Dangerous Precedent" Says Heidi Moore"
All we are going to here for four months is Yellen, Summers. But who would think that either would influence the short term targets and commitments of the present FED board and star chief.
With +$4 trillion bucks out there needing repatriation in a ZIRP environment I'd say the loser gets the job.
