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Discussion: (3 comments)

  1. MacDaddyWatch

    I’ll take Stanford’s John Taylor…he’s my #1 pick.

    Stable, rules based and disciplined–America will know what to expect.

  2. John Taylor sound like a good candidate. Also Thomas Hoenig of the St. Louis Fed, or any of the other 3 or 4 dissident bankers who think that Bernanke is off his rocker with this latest QEinfinity. If a new President and/or Congress can put enough pressure on this turkey maybe he will resign before his term is over. Too bad Congress can’t give Bernanke the boot immediately!

  3. MacDaddyWatch

    When was the last time a presidential candidate targeted a Fed Chair for the boot? BB resigns after the election.

    Looks to me that investors who have become addicted to helicopter Ben’s easy-money, 0% rates and QEs are getting a little defensive. I bet that BB’s imminent departure–a Romney campaign promise–has a lot to do with the recent swoon in the stock market, gold and oil. The market is looking ahead to an unwinding and reversal of BB’s helicopter policies–very likely under Hubbard or Taylor.

    Ouch for the near-term–but bullish for the longer-term.

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