Comments on: What difference does it make who runs the Fed? http://blogs.reuters.com/edgy-optimist/2013/08/02/what-difference-does-it-make-who-runs-the-fed/ A clear-eyed view from Zachary Karabell Thu, 06 Feb 2014 10:10:54 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: AHRoberts http://blogs.reuters.com/edgy-optimist/2013/08/02/what-difference-does-it-make-who-runs-the-fed/#comment-757 Thu, 08 Aug 2013 06:00:54 +0000 http://blogs.reuters.com/edgy-optimist/?p=266#comment-757 And then there’s the issue of economic infrastructure. Cyber threats both local and foreign (ref: http://vpnexpress.net) pose a greater threat today than ever before, and the vulnerability of or key infrastructure is weakening fast. Plus, the way that NSA surveillance programs have imposed on other countries and businesses does not help investment and business relations. It matters greatly who will now don the cap to preserve this portion of economic and political influence.

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By: anotherfakename http://blogs.reuters.com/edgy-optimist/2013/08/02/what-difference-does-it-make-who-runs-the-fed/#comment-756 Tue, 06 Aug 2013 19:43:17 +0000 http://blogs.reuters.com/edgy-optimist/?p=266#comment-756 The Fed has…”done better than most political establishments in attending to the needs of the common people.” That is pathetic. We live in a consumer based economy where 70% of the GDP is from consumerism. Yet the actual living wages for the majority has been heading downwards for years, and since the crash of 2008 that downward spiral for the majority has accelerated. In 1968 inflation adjusted dollars today’s minimum wage would be $10.74, and corporate international, who is hoarding their trillions, will fight any raise for the masses that drive the same economy they need to increase the GDP. Blame Washington, blame the Fed, blame the too big to jail financial institutions, but the facts remain the same. If people have more they spend more. In a consumer based economy, the solution is not rocket science.

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By: tmc http://blogs.reuters.com/edgy-optimist/2013/08/02/what-difference-does-it-make-who-runs-the-fed/#comment-755 Mon, 05 Aug 2013 18:51:57 +0000 http://blogs.reuters.com/edgy-optimist/?p=266#comment-755 No, it doesn’t matter who the fed is. As long as the power bases in Washington are there, it won’t matter. Term limits for congress and campaign finance reform are the only things that will fix anything.

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By: CDN_Rebel http://blogs.reuters.com/edgy-optimist/2013/08/02/what-difference-does-it-make-who-runs-the-fed/#comment-754 Mon, 05 Aug 2013 02:03:44 +0000 http://blogs.reuters.com/edgy-optimist/?p=266#comment-754 This writer really loves to ‘hear himself speak’ as it were. 1500 words on a nothing subject and no conclusion? Of course it matters because it’s a signal to investors. Summers is a loose money guy, Yellen is certainly not. Summers lives to give BJs to power, Yellen certainly not.

The only real reason Summers in being considered (his stint as Treasury Secretary and Harvard should have IMMEDIATELY disqualified him vis gross incompetence) is because he served as a special advisor to Obama. In private Summers must have said enough of the things Obama wanted to hear to get his attention. Let’s hope Obama has enough sense to kick this clown to the curb…

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By: Robertla http://blogs.reuters.com/edgy-optimist/2013/08/02/what-difference-does-it-make-who-runs-the-fed/#comment-753 Mon, 05 Aug 2013 00:21:26 +0000 http://blogs.reuters.com/edgy-optimist/?p=266#comment-753 “The only question is whether they will be able to respond with creativity, nimbleness and alacrity if another crisis unfolds during their tenure.”

it’s not the only question…….

2.] What will the country do as the Fed continues it’s headlong battle to create asset bubbles.

3.] what will the concentration of wealth, as envisioned by the Fed, lead to?…

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By: BidnisMan http://blogs.reuters.com/edgy-optimist/2013/08/02/what-difference-does-it-make-who-runs-the-fed/#comment-752 Sat, 03 Aug 2013 20:16:52 +0000 http://blogs.reuters.com/edgy-optimist/?p=266#comment-752 I read The Age of Turbulence cover to cover and while Greenspan claimed to be independent of mind it was clear that when presidents spoke he ‘mostly listened’. Anyone who can be fired by someone is never independent of the person.

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By: BidnisMan http://blogs.reuters.com/edgy-optimist/2013/08/02/what-difference-does-it-make-who-runs-the-fed/#comment-751 Sat, 03 Aug 2013 20:13:36 +0000 http://blogs.reuters.com/edgy-optimist/?p=266#comment-751 Real reform = fixed money supply enshrined in constitution. The next guy will just be another puppet who prints money, gives it to the banksters, who loan it to the 1%, who outsource or mechanize and funnel the proceeds through tax havens.

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By: ptiffany http://blogs.reuters.com/edgy-optimist/2013/08/02/what-difference-does-it-make-who-runs-the-fed/#comment-748 Fri, 02 Aug 2013 21:58:15 +0000 http://blogs.reuters.com/edgy-optimist/?p=266#comment-748 It is enjoyable to read this astute and logically rationalized assessment of the state of the Fed and our economy in general as influenced by the powers-that-be.

However, it seems that the One Percenters, the Plutocracy, is firmly in control. The creation of massive amounts of cyber-dollars by the Fed has worked well to support some of the prime investment targets of the rich and super rich. Bernanke has even commented on it with the hope that this profligate “printing of money” (his words) will help the 99%. It has had little effect for five years, so the best thing to do is keep doing what has failed. One definition of insanity is to keep repeating that which has failed.

At least the Third Depression (a Paul Krugman term) hasn’t gotten as bad as it could have been. Congress and the Executive Administration seem to be thrilled with all the MacJobs that have been created since the beginning of the latest depression.

“Let them [the Pee-Ons] eat cake!”

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By: 2Borknot2B http://blogs.reuters.com/edgy-optimist/2013/08/02/what-difference-does-it-make-who-runs-the-fed/#comment-747 Fri, 02 Aug 2013 19:50:39 +0000 http://blogs.reuters.com/edgy-optimist/?p=266#comment-747 All these countries are involved in a lattice or web of a few institutions, and most if not all of them are multi-national, they are the very ones who have been working to cause the systemic risk and anemic growth to America. These institutions intentionally caused the 2008-2009 financial crisis, and contained it by stealing money from Americans and “redistributed money” into their own pockets mostly, or took it to foreign countries and started a WAR or exploited the natural resources of that country with our money and security by our US Military. 80% of Americans do not have a “stable and functional financial system.” To me collapse is much more preferable. These players have no respect or mercy on the American public. Only when they are the ones that lose their money can things be different. And as far as I can tell, Bernanke is just setting us up for another bail out to his buddies before he leaves office.

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