Still cant make this stuff up.....

From a CNN article today"

"U.S. stock futures and global markets were pushing higher as investors now anticipate Janet Yellen will take over as Fed chairman.

All three major U.S. indexes were moving up by more than 1% ahead of the opening bell, bringing the S&P close to its record of 1,709 from Aug. 2. The U.S. dollar was slipping.

Investors are excited at the prospect of Yellen taking over from current Fed chairman Ben Bernanke, since she is widely expected to pursue a similar policy of stimulating the economy to bring the unemployment rate down

Investors had been concerned that Summers, the previous frontrunner for the top Fed job, would have been more aggressive at pulling back on the monetary stimulus measures that have been pumping cash into the system and supporting stock markets around the world."

So essentially that article is stating that Yellen is more likely to print money.   Lawrence Summers, who was the other top pick, suspiciously drop out of the race for the fed chair over the weekend.  Perhaps in a sit down with Obama, he refused to continue the money printing?

Perhaps there was secret competition between the two, of who promised to print the most money for the Federal Government?

Here is how this goes down.   Ben Bernake starts printing money.  Ben Bernake wants to stop, and he just might slow down, however Bernake is retiring in Janurary.    Obama looks for a new money printer that will continue the money printing.   Janet Yellen steps up and says "I'll print the most money" so she gets the job.

Another thing that makes me laugh is that their money printing cycle is self fulfilling.   Here's how it goes.

Step 1) Bernake says "we'll stop printing money when employment drops"
Step 2) Employment drops (because people stop looking)
Step 3) Slow down money printing
Step 4) Federal government cuts budgets because they are out of money, leading to higher unemployment
Step 5) Repeat.