Pictured here is the original Janet Yellen caricature of the lady that US President Obama nominated to be the next Chairperson of the United States Federal Reserve Bank, also known as The Fed. If approved by the Congress, Mrs. Yellen would take the place of Ben Bernanke, who currently holds the job as chief of the Fed. Mr. Bernanke is due to leave that role soon, having served in a trying time of the economy of the United States. Bernanke's predecessor, Mr. Alan Greenspan, who famously uttered the words "irrational exuberance" to describe the Internet bubble in its time, advanced the cause of financial policies that included lower interest rates (sometimes as low as 0.25%) and easily accessible capital lending practices, formed a veritable bubble in the market for houses - especially for first time buyers. This caused a massive increase in borrowing, and eventually it spun out of control. Mr. Greenspan, who was the Fed Chief for many years under presidents from different parties, has since admitted making some mistakes in pushing such a hardcore agenda of low interest rates, even when it went against his better judgement. In any case, having driven this policy for so long, that it had nothing to do but crash at some point. And it happened when the market conditions became unstable, due to the credit burden, the debt owed by people and organizations, and the processes for making timely payments on their outstanding bills. Now, following many years of low interest rate policies set in Washington, DC, Mrs. Yellen is the contender to take up the job of strengthening America's economy. Do you think that lower interest rates are partly to blame for the recession that hit the world in 2007? Can you use your existing knowledge to predict which way the markets will move on Monday? Can you guess what impact Mrs. Yellen's confirmation will have on the price of oil, gold and the US Dollar? If you know the answer to any of these questions, then you are better prepared than most to make the smart investment choice, and start trading online today. You can checkout all about the extra editorial economic news analysis and see the genuine satirical Janet Yellen drawing in the binary investor news of October 10, 2013.

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