Much has been made of the heavy hitting political games that Democrats and Republicans have been playing in order to increase the debt ceiling and to reduce the fiscal deficit. The latest victim of the political gridlock is MIT Professor and Nobel Prize winning economist Peter Diamond.
Diamond was nominated by President Obama to fill one of two empty seats on the Federal Reserve Board of Governors. Yesterday Diamond withdrew his nomination after questions arose regarding the relevance of his background and his experience in crisis management. Diamond is an employment and behavioral economist. His appointment was opposed by Republicans last week. In response, Diamond penned an op-ed piece in the New York Times over his disappointment of the Senate Banking Committee and the confirmation process.
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Russell Glaser is a Currency Analyst with ForexYard. Russell provides analysis in the FX spot market by employing fundamental research methodologies. In addition to currencies, Russell closely follows the correlation between the Commodities market and the movement of equities. His writings have been published on the ForexYard Trading Blog and associated partner sites. Prior to joining Forexyard, Russell Glaser served as a management consultant in the financial services industry, advising Fortune 100 companies. Russell holds a degree in finance from the Fisher College of Business at The Ohio State University.
