4 ms·

I think opposition started with Scott Sumner in July. http://www.themoneyillusion.com/?p=22379 http://www.themoneyillusion.com/?p=22379 Very good news. I expec

by jrn 13y ago

I think opposition started with Scott Sumner in July. http://www.themoneyillusion.com/?p=22379 http://www.themoneyillusion.com/?p=22379 Very good news. I expect to see the markets react tomorrow, ala balmer on a much greater scale.

pcurve 13y ago
and opposite side. The market will tank tomorrow by 1.5-2%.
- steveplace 13y ago
  equity futures are already up 1% during sunday's trade http://finviz.com/futures_charts.ashx?t=ES http://finviz.com/futures_charts.ashx?t=ES
- jrn 13y ago
  Depends on yellen vs kohn, but either one is better. If it's yellen I expect a response similar to japan's equity run last fall/winter, abeonomics.
- mcphilip 13y ago
  Here's an in depth explanation from PIMCO as to why Summer's withdrawal will likely be very bullish for credit and equities: http://www.businessinsider.com/el-erian-market-reaction-to-summers-2013-9 http://www.businessinsider.com/el-erian-market-reaction-to-s...
BenoitEssiambre 13y ago
Scott Sumner (http://www.themoneyillusion.com http://www.themoneyillusion.com) and Nick Rowe (http://worthwhile.typepad.com/ http://worthwhile.typepad.com/) have done an incredible job at helping me understand money and its role in the economy even though I have no training in economics. It's worth going back and reading their archives.
- deleted 13y ago
  [deleted]
Steko 13y ago
Opposition has been almost universal and started before Summers was even floated as the favorite. Here's Matt Yglesias in May: http://www.slate.com/blogs/moneybox/2013/05/27/summers_for_fed_chair_no_way.html http://www.slate.com/blogs/moneybox/2013/05/27/summers_for_f... Ezra Klein's piece on gender that prompted the original "word" that Summers was going to be the nominee: http://www.washingtonpost.com/blogs/wonkblog/wp/2013/07/19/the-subtle-sexist-whispering-campaign-against-janet-yellen/ http://www.washingtonpost.com/blogs/wonkblog/wp/2013/07/19/t... Krugman pro-Yellen case before annoucement: http://krugman.blogs.nytimes.com/2013/07/19/the-fed-succession/ http://krugman.blogs.nytimes.com/2013/07/19/the-fed-successi... Felix Salmon: http://blogs.reuters.com/felix-salmon/2013/07/24/dont-send-summers-to-the-fed/ http://blogs.reuters.com/felix-salmon/2013/07/24/dont-send-s... Wall Street: http://www.huffingtonpost.com/2013/07/26/wall-street-yellen-summers-fed-poll_n_3659823.html http://www.huffingtonpost.com/2013/07/26/wall-street-yellen-...
- deleted 13y ago
  [deleted]
  - Steko 13y ago
    I read and enjoy Scott Sumner and recommend him to everyone. To suggest that he drove the opposition to Summers is bananas.

by jrn 13y ago

pcurve 13y ago

and opposite side. The market will tank tomorrow by 1.5-2%.

steveplace 13y ago
equity futures are already up 1% during sunday's trade http://finviz.com/futures_charts.ashx?t=ES http://finviz.com/futures_charts.ashx?t=ES
jrn 13y ago
Depends on yellen vs kohn, but either one is better. If it's yellen I expect a response similar to japan's equity run last fall/winter, abeonomics.
mcphilip 13y ago
Here's an in depth explanation from PIMCO as to why Summer's withdrawal will likely be very bullish for credit and equities: http://www.businessinsider.com/el-erian-market-reaction-to-summers-2013-9 http://www.businessinsider.com/el-erian-market-reaction-to-s...

BenoitEssiambre 13y ago

Scott Sumner (http://www.themoneyillusion.com http://www.themoneyillusion.com) and Nick Rowe (http://worthwhile.typepad.com/ http://worthwhile.typepad.com/) have done an incredible job at helping me understand money and its role in the economy even though I have no training in economics. It's worth going back and reading their archives.

deleted 13y ago
[deleted]

Steko 13y ago

Opposition has been almost universal and started before Summers was even floated as the favorite. Here's Matt Yglesias in May: http://www.slate.com/blogs/moneybox/2013/05/27/summers_for_fed_chair_no_way.html http://www.slate.com/blogs/moneybox/2013/05/27/summers_for_f... Ezra Klein's piece on gender that prompted the original "word" that Summers was going to be the nominee: http://www.washingtonpost.com/blogs/wonkblog/wp/2013/07/19/the-subtle-sexist-whispering-campaign-against-janet-yellen/ http://www.washingtonpost.com/blogs/wonkblog/wp/2013/07/19/t... Krugman pro-Yellen case before annoucement: http://krugman.blogs.nytimes.com/2013/07/19/the-fed-succession/ http://krugman.blogs.nytimes.com/2013/07/19/the-fed-successi... Felix Salmon: http://blogs.reuters.com/felix-salmon/2013/07/24/dont-send-summers-to-the-fed/ http://blogs.reuters.com/felix-salmon/2013/07/24/dont-send-s... Wall Street: http://www.huffingtonpost.com/2013/07/26/wall-street-yellen-summers-fed-poll_n_3659823.html http://www.huffingtonpost.com/2013/07/26/wall-street-yellen-...

deleted 13y ago
[deleted]
- Steko 13y ago
  I read and enjoy Scott Sumner and recommend him to everyone. To suggest that he drove the opposition to Summers is bananas.