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MasterPicker1

10/24/05 11:01 AM

#432396 RE: federal reserves #432392

depend who the next Fed Chairman is going to be hope it its either Lindsey or Bernake or Hubbard, Snow would be a disaster IMO. Lindsey probably won't get it politically, but he is very sharp He has an inate ability to see what others don't see that's what we need. Conventional thinkers will always get it wrong and send us into deflation or worse.

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goodluck

10/24/05 11:11 AM

#432401 RE: federal reserves #432392

White House May Name Greenspan Successor Today, People Say

Oct. 24 (Bloomberg) -- The White House may name a successor to Federal Reserve Chairman Alan Greenspan as soon as today, according to a person with close connections to the White House and hedge fund adviser Richard Medley.

The person, who has spoken to the White House, said the choice is expected to Ben Bernanke, former Fed governor and chairman of the Council of Economic Advisers. That could not be confirmed, although Bernanke is in Washington today.


Spokesmen for the White House and the CEA declined to comment. Bush is holding a meeting of his Cabinet this morning.

Medley, chairman of Medley Global Advisors, told his clients about an imminent announcement.

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osprey

10/24/05 11:28 AM

#432407 RE: federal reserves #432392

Bernanke has been running for it. Helicopters of money Bernanke will be an easy money guy just like Greenspan. I'm hoping that this time the helicopters don't miss my house <g>.

Market should like him. Time for another bubble, in fact it is overdue. Running out of asset classes to run up. Maybe tulip bulbs, that hasn't been done in a few centuries.