Summers Out, Yellen In? - Tim Duy's Fed Watch
"if you are looking for a candidate of change, Yellen isn't that candidate. Remember that Yellen was part of the team that cemented the Fed's inflation target in place at 2%. She has a long history of supporting inflation targets. To truly enact a regime change at the Fed, you need to find a Chair that will challenge that target and rewrite the rules. I am not sure Yellen is that person."
BIS veteran says global credit excess worse than pre-Lehman ...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.