Ben Bernanke’s job hangs in the fate of select U.S. senators and that alone is enough to throw this market into uncertainty.
So what’s the next thing to freak about?
The United States’ growing debt ceiling. We’re about to breach out $12.4 trillion link in March and we need a vote to raise it.
Senators who vote against Bernanke based on the events of Massachusetts will look to maked a stand against increased debt.
At least with Bernanke, there’s another guy waiting in the wings.
What happens if we can’t spend anymore?
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See Also:
- Sorry Ben Bernanke: Your Inflation Fighting Scheme Won’t Work
- Why Paul Volcker Is Still Giving The Fed Way Too Much Credit
- Obama Goes To War With Lame-Duck Dodd Over Financial Regulation