Links: 2013-09-17

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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