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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Archie Meeties who wrote (10431)3/19/2004 7:09:20 AM
From: Crimson Ghost  Read Replies (1) of 110194
 
The Fed's moronic policy of keeping the funds rate at 1% encourages all kinds of leveraged speculation -- in commodities as well as bonds and currencies. This has helped push the price of numerous commodities even higher than justified by bullish fundamentals IMHO.

I have little doubt most commodities will correct substantially when (if) the Fed starts to tighten even a little. But until then the sky is the limit.
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