[Volunteer]

We are so very screwed.....

I think we would be better off if Lyle "Chip" Chipperson headed the Fed.

[usconservative]

We are so very screwed.....

The bank economist at the bank I'm employed by is already saying a Summers appointment means chaos for the Stock Market. Interest rates HAVE to go up sooner or later which really puts our country in a bind on the interest payment on the National Debt.

The Fed has to do something to keep all the printed money on the sidelines lest it cause inflation --- so guess where interest rates are headed?! Up, Up, UP! As interest rates go up,money will shift out of the market and into short term CD's and other short term investment vehicles that will return a guaranteed rate.