Except that she still only has one vote and the rotation of voting members on the Board of Governors is actually making it more conservative next year. Any effect of the Berkeley Bat will be balanced by this fact.
Also, we saw Dow 15725 when Summers resigned from consideration in Sept, and now we’re seeing barely 200 points higher in two months with us sitting in the low 15k’s for much of that period.
Also, interest rates are creeeeeeping back up despite the crazy old bat’s squeaking — we’re at 4.38% this week, I believe. Here’s hoping that the Fedheads lose control and we see 5.5% by next year. Housing market in NJ and NY suburbs has stalled out nicely this fall *phut* — here’s hoping that rising rates will have even more effect here.
