walkitout (walkitout) wrote,
walkitout
walkitout

Woohoo! Larry Summers will almost certainly _not_ be Treasury Secretary!

I cannot tell you how happy this makes me.

I recognize that Treasury is not a great spot to be in terms of career security -- just like Lincoln went through Generals in the course of the Civil War, we'll probably be going through financial advisors including Secretary of the Treasury. It's _possible_ Geithner will find a solution both so effective and sufficiently popular that he survives.

But I kinda doubt it. And if I'm right, and Geithner is just a fuse, the next guy will be a lot less popular with Wall Street and a lot more dramatic in terms of what he's willing to propose in terms of solutions. We Shall See. I was sure wrong about what was going to happen to the price of oil. It's below $50 these days.
Subscribe
  • Post a new comment

    Error

    default userpic

    Your reply will be screened

    Your IP address will be recorded 

    When you submit the form an invisible reCAPTCHA check will be performed.
    You must follow the Privacy Policy and Google Terms of use.
  • 1 comment