Chair of CEA, Christina Romer departure is a "tell"

Discussion in 'Economics' started by J-Law, Sep 1, 2010.

  1. J-Law


    Christina Romer announced today that Friday will be her last day as the 25th Chair of the Council of Economic Advisors to the Obama Administration.

    I believe that this is an "ole fashioned tell" & that things are...

    1) About to get rougher in the economy & in the markets and she is exiting to avoid being in that "hot seat". That job is about to get a great deal harder. To reference a phrase from Jesse Livermore.......She is following the "line of least resistance" It's the Smart move.

    2) Political views/opinions aside, She knows what most suspect, that the Obama Administration is unclear & uncertain as what to do next to remedy the US economy.

    I would say this points to rougher waters ahead.
  2. jem


    either that or a destructive policy is about to be announced.
  3. J-Law


    Today in her speech she was "toeing the line" on a need for more stimulus.
    Maybe thats the destructive policy & she disagrees. This departure is a clue
    to something & I'm not getting the warm fuzzies here.