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Rubin protege has the world and the markets watching every move,[url=http://discount2013duveticajackets.webmium.com/][b]デュベティカ取扱店神戸[/b][/url]
1999-05-13 04:00:00 PDT Washington -- In a post-Cold War world where the market is king and America's prosperity depends as much on events in Osaka as in Omaha, the job of being America's finance minister has been elevated to a status that only a could truly appreciate.
For almost seven years,[url=http://duveticatrenchcoat.webmium.com/][b]デュベティカサイズ[/b][/url], , with one foot planted firmly in New York and the other in Washington, has helped bring the nation extraordinary prosperity and has repeatedly pulled the world back from the financial brink.
With Rubin's resignation from the top Treasury job yesterday,[url=http://discount2013duveticajackets.webmium.com/][b]デュベティカ偽物[/b][/url], the burden of maintaining that record falls squarely on President Clinton's choice to succeed him,[url=http://duveticajacketsjp.gengfl.com/][b]デュベチカ専売店[/b][/url], former Harvard economist .
As Rubin's deputy since 1995, Summers has hewed to a course that has left no light between the two. economy continues to roar along, and the world seems to have quieted after a near- panic last fall,[url=http://duveticajacketsmenjp.albirank.net/][b]デュベティカダウンジャケット[/b][/url], some analysts said the improvement was in large part a tribute to the crisis-management skills of Rubin and Federal Reserve Chairman and not necessarily a measure of renewed stability.
"There are a lot of things that can go wrong," said ,[url=http://duveticajacketssalejp.halod.com/][b]デュベチカ専売店[/b][/url], a former official with the and an economist with the in Washington.
Among the global possibilities on most analysts' lists: a stall or reversal of the tentative Asian recovery could be triggered by a currency devaluation in China,[url=http://duveticajacketsjp.gengfl.com/][b]デュベティカダウンジャケット[/b][/url], a deepening economic slump in Japan,[url=http://discount2013duveticajackets.webmium.com/][b]デュベティカダウンジャケット[/b][/url], or both; and a nasty fight over leadership of the could derail a major summit and new round of global trade negotiations scheduled for this fall in Seattle.
And looming on the domestic front are growing protectionism as a result of the nation's ballooning trade deficit and growing hostility toward China,[url=http://duveticajacketssalejp.halod.com/][b]デュベティカ激安[/b][/url], and a struggle between the Democratic administration and the Republican-controlled Congress over what to do with the growing federal budget surplus.
In tackling these problems, analysts said Summers would start with two serious drawbacks. He does not have Rubin's skills as a diplomat,[url=http://duveticajacketsonlinejp.halod.com/][b]デュベティカダウンジャケット[/b][/url], and unlike his predecessor,[url=http://duveticajacketsmenonsalejp.halod.com/][b]デュベティカアウトレット[/b][/url], who spent 26 years as a rising star and eventually co-chairman of the prestigious investment house of Goldman Sachs Co.,[url=http://duveticajacketsoutletjp.albirank.net/][b]デュベティカ激安[/b][/url], he is still considered an unknown quantity on Wall Street.
"The markets will have to be convinced he can do the job. Until they are, there will be more volatility in prices and interest rates,[url=http://duveticajacketsshopjp.gengfl.com/][b]デュベティカダウンジャケット[/b][/url]," said ,[url=http://duveticatrenchcoat.webmium.com/][b]デュベティカ店舗[/b][/url], vice chairman of the New York bond house of Co.
But if Summers comes to the new job with deficiencies, analysts said he also arrives with several distinct advantages. Chief among them: his intelligence, his experience at Treasury (he has been in the department in one capacity or another for more than six years) and his long tutoring by Rubin.
The 44-year-old Summers was born to economic aristocracy,[url=http://duveticatrenchcoat.webmium.com/][b]デュベチカ通販[/b][/url]. Both parents are economists,[url=http://duveticashoponline.webmium.com/][b]デュベティカ店舗[/b][/url]. Uncles on both sides of the family -- and Kenneth Arrow -- won Nobel Prizes.
And his own career has been dazzling: admitted to the Massachusetts Institute of Technology in his junior year of high school,[url=http://duveticajacketswomenjp.albirank.net/][b]デュベティカ店舗[/b][/url], at 28 the youngest ever to be appointed a full economics professor at Harvard.
The outgoing secretary is believed to have masterminded a publicity blitz that culminated in a February cover that portrayed Rubin,[url=http://duveticajacketssalejp.albirank.net/][b]デュベティカアウトレット[/b][/url], Summers and Greenspan as apparent co-equals in what Time called "The Committee to Save the World."
Perhaps as important is a mystique that has come to surround the job of treasury secretary that was until recently the sole province of foreign policy leaders and national security officials.
"The national security crowd had us hypnotized for most of the Cold War and simply dismissed economic issues,[url=http://duveticajacketsshopjp.gengfl.com/][b]デュベチカ通販[/b][/url]," said ,[url=http://duveticajacketsoutletjp.albirank.net/][b]デュベティカ店舗[/b][/url], a former Treasury official who now teaches economic history at the University of California at Berkeley.
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