Bush, or a Gregory Mankiw, who succeeded Hubbard in that job,

canada goose the election and risk assets canada goose

canadian goose jacket President Barack Obama meets with Chairman of the Federal Reserve Ben Bernanke in the Oval Office of the White House in Washington, in this canada goose black friday sale June 29, 2010 file photo. REUTERS/Larry Downing/Files canadian goose jacket

canada goose clearance sale Not who will be president, but who that president will canada goose clearance slot in to park in Ben Bernanke parking spot when his term as Federal cheap Canada Goose Reserve Chairman runs out in January 2014. canada goose clearance sale

canada goose coats The New York Times this week reported Bernanke telling friends he is unlikely to stand for a third term as Fed https://www.uscanadagooseoutletsale.com chief, opening up the likelihood of a new person in the role in 2014 no matter who is elected president. canada goose coats

canada goose coats on sale Markets are canada goose coats on sale jittery about the potential for a transition, and they are right to be. Bernanke canada goose uk outlet policies, for good or ill, are a good part of canada goose factory sale the foundation underpinning current risk asset valuations. Anything which increases the chances they will be cut short canada goose uk shop does, and will, hurt equity buy canada goose jacket cheap valuations. canada goose coats on sale

The Fed, as expected, did little, leaving rates on hold at uk canada goose outlet virtually zero, a commitment they made until at least mid 2015, and reiterating their pledge to buy canada goose jackets outlet $40 billion a month of mortgage bonds. The only change of real note in their statement was an acknowledgement that growth in business investment, in contrast to housing, is on the wane. Jeffrey Lacker, a frequent dissenter, did so again, but the Richmond Fed President will rotate off the slate of voters next year anyway.

Canada Goose Parka You wouldn expect them to make a big splash just two weeks ahead of the election, and the Fed still has an opportunity at its December meeting to extend its program of buying Treasuries into 2013. They almost certainly will, no matter who wins, as stopping Treasury purchases would be tantamount to a tightening just ahead Canada Goose Outlet of the negotiations around the fiscal cliff. Canada Goose Parka

Canada Goose Jackets HORSE RACE WITHIN A HORSE RACE So now back to the incessant horse race reporting on the election, and the sub set of that of predicting who each candidate would appoint if given the Canada Goose Parka opportunity. There were suggestions that uneasiness over this was in part behind the selloff on markets earlier this week, with particular buy canada goose jacket concern over whether a Romney shaped Fed would hold with extraordinary measures. Canada Goose Jackets

canada goose deals would want to select someone who was a new member, Romney said of the top job at the Fed in August, and Canada Goose Coats On Sale who shared my economic views uk canada goose Romney said he was looking for someone to give stability that leads to a strong dollar and confidence that America is not going to go down the road that other nations have gone down, to their peril. canada goose deals

cheap Canada Goose First off, I wouldn take Romney comment about wanting a strong dollar overly seriously. more or less competitive. cheap Canada Goose

buy canada goose jacket Though Romney and his backers have criticized the Fed for canada goose coats being overly loose, this may be an instance where what seems loose when canada goose store running in opposition seems about right when presiding over canadian goose jacket the economy, and possibly over some deepish cuts in spending. buy canada goose jacket

Canada Goose sale Far better from an incumbent perspective to let the Fed stay loose and canada goose clearance sale be able to take credit for any progress on the budget canada goose uk black friday than to find your job of cutting deficits made more difficult by contractionary monetary policy. Canada Goose sale

Canada Goose online All of this argues that a Romney White House is more likely to appoint a Glenn Hubbard, chairman of the Council of Economic Advisers under President George W. Bush, or a Gregory Mankiw, who succeeded Hubbard in generic cialis proffesional comparision. that job, than a John Taylor, the Stanford economist and Fed critic. Canada Goose online

canada goose clearance And that if Romney gets the job. Polls and betting exchanges still seem to favor Obama, and a second term would likely result in a Canada Goose sale Fed chief who is another shade of Bernanke, in other words more of the Canada Goose online same. canada goose clearance

canada goose store To be sure, there are few people with fuller credentials than Bernanke to oversee extraordinary monetary policy, and certainly none with a stronger motivation to see these policies vindicated. canada goose store

buy canada goose jacket cheap As such, almost no matter whom a second term Obama nominates as the new Fed Canada Goose Online chief, this person will represent a risk, at least from the point of view of those who canada goose are long riskier assets. Unless it was a famous dove, and it won be, the new Fed chairman just might be less entrenched in his or her commitment cheap canada goose uk to quantitative easing. buy canada goose jacket cheap

canada goose black friday sale That a small risk, but equity valuations today rest on a narrow foundation. Expect markets to continue to quiver when Fed succession is mentioned. canada goose black friday sale

Canada Goose Outlet At the time of publication, Reuters columnist James Saft did not own Canada Goose Jackets any direct investments in securities mentioned in this article. He may be an owner indirectly as an investor in a fund. For previous columns by James Saft, click on Canada Goose Outlet.

Some of the operations that were housed in the old larger new ac player looking for must moncler sale outlet I don mean this against you personally, but I really tired of being blinded on the road and I fe...
Likely the landslide to be consummated on November 4 Palin Says Couric Interviews Colored canada goose black friday sale Sarah Palin, clearly pumped over her debate performance, has offered her first ...
Print from anywhere and anytime by using Google Cloud Print canada goose coats on sale Everything about it sucks. The base damage is crap. MAKING a shield is difficult, as no one even sells the base you want, a...
8 октября 2013 - Сергей Ермилов - 0 - Новости / Просмотров: 41