Skip to comments.Larry Summers' Chairman Odds Soar To 66.6%, Double Yellen's
Posted on 08/09/2013 11:45:03 AM PDT by Perdogg
Do you see what happens Larry when you float a strategic trial balloon or two? Your odds literally surge, at least according to Irish bookmaker Paddy Power, which in the absence of InTrade has become the only market polling venue where pundits put money where their mouth is (as opposed to countless clueless Op-Eds written by every self-proclaimed Fed expert in existence). Where two weeks ago, on July 24, Larry "the hawk" Summers was a long 20% odds challenger to Janet Yellen, who was a solid 75% favorite to become the next Fed chair, since then Yellen's odds have crumbled to just 33% currently, while Summers has exploded higher and after peaking at 60% two days ago has climbed even higher, and is a 66.6% (appropriately enough) currently.
(Excerpt) Read more at zerohedge.com ...
The chatter seems to be that Larry Summers is more willing than Janet Yellen to do whatever Barry tells him to do. He will be a good doggy—which would be fine, if only Obama were a good prezzy.
Ugh. Summers is a power hungry moron. Horrific choice so I fully expect Obama to make it.
He did make the wimmen angry at Harvard, though.
Silly guys ... it's gonna be whomever they tell the Royal Idiot it's gonna be ... period!
They'll both print dollars like there's no tomorrow.