Stanley Fischer is in the pipeline for the vice chairmanship of the Federal Reserve Board of Governors. In this capacity, he would bang heads to gather FOMC votes for (Presumptive) Fed Chairman Janet Yellen. According to the New York Times, Fischer would “exert a moderating influence on Ms. Yellen,” (” For No. 2 at Fed, White House Favors Central Banker in the Bernanke Mold.”)
Yesterday, the Fed announced that it will continue to keep interest rates low “until late 2014 or until we all get fired, whichever comes first.” The market immediately rallied, as hopeful investors cheered the news that the Fed&nb…
Michael Shermer.
Wrong Again: Why Experts’ Predictions Fail, Especially About the Future
Posted: 1/5/12 12:03 AM ET
With the first week of 2012 upon us it is time to reflect on that favorite pastime of soothsayers and scientists alike: predicting the…
The most active area of the global econ was being transnationally restructured and substantataially weakened evev as ‘hot money’ boomed in [only to rush out not so much later and help w/stockmarket keynsieismn in los estatdos unindos plus a bit of ye…