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Discussion in 'Politics, Religion, Social Issues' started by Sun Baked, Oct 24, 2005.
Good or bad, this is a decision that affects the wallet of everyone in the US.
KT post expected in 5...4...3...2...1...
Is someone posing as you on the forums? You're "online" and yet no reply?
*** dials police ***
Hmm... seems like a fairly safe choice, although I don't know much about this guy yet.
The last thing Bush needs in another controversial nominee at this point.
This guy does at least sound well qualified, in the brief amount of time I read about his credentials.
I'd like to be interested in the nuances of his interest-rate philosophy and able to assess how well he'll influence the US economy, but this stuff is not exactly my field. He'll try to keep inflation low I imagine.
Hey, at least it's not Bush's CPA!
More than 20min and no reply? I'm getting worried...
omg am I not allowed to go to class?
...I leave MR on at home because in the morning I read some before I head off to school. GEEEEZ.
if y'all have noticed I have changed my 'tar to...
Not Greenspan (ok, it was t. geit) no mo!
Greenspan has had the longest term EVER!
He took the last 2 years of Voelker's term and has been in for a hella long time. He could be in even LONGER if Bush grants a 6 month extension, to help decide on a new one. (that'd be so coooool!!!)
GEITHNER is the young hot-shot economist. He's the president of the NY FRB. I think it'd be TOTALLY AWESOME if he did it. but NOOOO! George Bush NEVER LISTENS TO ME!
So, I hope the new guy sucks.
investors have so much confidence in big poppa G-Span (or Gmoney as I call him) that they are investing willie nillie, thinking "oh, Notorious AL-AN G will fix it for me, yo"
we need someone to really REALLY screw up and make investing fun and risky again!
Even though everyone else seems to think Greenspan was the cats pajamas, i always thought that he was overrated. But yeah, this successor seems qualified, he used to be on the Federal Reserve board. And the PhD from MIT doesn't hurt. Still, I think he's got a big job ahead of him because the economy's got some serious problems.
Man, I don't trust Ben.
Look at him, sitting there
in his sunglasses.
It should TOTALLY be Roger Ferguson
He's the man!!
The markets seemed to approve of the choice...
robert reich gave him 2 thumbs up so i guess he's ok.
housing bubble, stagnant wages, inflation, low consumer confidence, budget deficit...frankly, i wouldn't want the job at this point.
sometimes a job is just a job.
You forgot sky-high energy prices, hurricane reconstruction, and a China slowdown.
I'm predicting that '06 will be the year that the US economy gets tied up, thrown in the trunk of a cadillac, driven out to the desert, shot execution style, and buried in a shallow grave. Other than that, I'm pretty bullish.
I like your style.
So you're saying we've got two months left? That's all the time I need to make my fortune.
[runs to invest in 60-day CDs]
rampant investment! more more!! MORE!
/why don't you invest in ARGEntiNA?!
///laughs all the way to the bank
////of argentina, they're offering 40% return!
So why is this guy a good pick anyway? I've been too lazy to read about it.
Strong academics: PHD from MIT, taught at Stanford and Princeton. Widely published. Former Fed Governor (one of many who sits on the Fed's oversight board). My guess is that Greenspan recommended him.
They say he's an inflation hawk, which is probably what we need to help other countries maintain their confidence in the dollar, but could lead to some short term pain (i.e. higher interest rates). My guess is that he'll keep rates significantly higher than greenspan did, and he may even have some evil plans for the housing bubble and Freddie/Fannie.
i reckon paul krugman knows him fairly well, being that he's at princeton, too. i anxiously await his column.
KT, being you appreciate Latinos, you've probably heard the best investment going is to buy an Argentine for what he's worth and sell him for what he thinks he's worth.
Sounds good. I don't suppose anyone can predict what he is going to do with interest rates in the future can they?
The housing bubble is definitely a looming problem. I have a feeling that it will be worse than a stock market bubble, since it involves where people live and the house(s) they may lose, rather than just money they chose to invest unwisely.
The rising cost of energy is a concern, if wages do not increase at some point to meet the increased of living and housing, everyone is being effectively set back.
Businesses thrive on what the market has to spend. If no one has any spare money to spend, business does not thrive.
Considering what most Americans choose to drive though, there are massive amounts to be saved and gained through people just switching to more practical vehicles that get significantly more mileage. Probably not as easy as it sounds though.
You mean you don't take your PB to school? I would think such a fine academia would appreciate your taste and use of Apple products!
Traveling yesterday, didn't see the news until this morning's USA Today. Is it scary that my first reaction was "I wonder what katie thinks of this?"
I was thinking that same thing. Well, I guess the guy doesn't suck. Of course, compared to most of Bush's other nominees for other important positions, our expectations weren't exactly high to begin with. Keep lowering that bar Georgie Boy.