Larry Summers will only issue QE4 after he screws up QE3. The global currency is messed up enough.
No Larry Summers at the Fed. How about NO FED.
July 18, 2013
President Obama (click here) has only a few months to pick a candidate to replace Ben Bernanke as chairman of the Federal Reserve, and while the betting website Paddy Power has Fed Vice Chair Janet Yellen leading the pack at 1:4 odds, Larry Summers remains a strong contender at 11:2.
Despite an impressive resume that includes stints as Treasury Secretary and chief economist of the World Bank, there is a very good reason Summers shouldn't be in charge of monetary policy: He seems to have trouble with interest rates....
Janet can do math. Without a calculator even.
July 18, 2013
The speculation (click here) in Washington over who will succeed Ben Bernanke as head
of the Federal Reserve reminds me a little bit of the speculation last
fall over Timothy Geithner's successor as Treasury Secretary. It was clearly going to be Jack Lew
and yet people kept writing "who's it gonna be?" speculative pieces and
capsule bios. By the same token, Janet Yellen—currently vice-chair at
the Fed—is clearly going to be the choice. 
