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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: gregor_us who wrote (4603)4/19/2004 10:57:18 AM
From: russwinter  Read Replies (1) of 116555
 
<aggregate Fed-Speak in the next 5 days>

I don't disagree this could happen, but the fallout with this "Fed-Speak" is that everytime they engage in their subterfuge, denial and talking out of both sides of their mouths, the commodity market spikes (the Pinocchio effect). Look at crude oil today at a new high over $38, and metals coming back strong. The Pinocchio effect just encourages all the commodity carry trade speculators to get back in the game, and at huge cost to consumers, business, and the global economy. It's the Fed's Fully funded inflation program (F3IP) at work again.
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