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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 494.42+3.8%Jan 28 4:00 PM EST

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To: elmatador who wrote (1608)10/26/2005 4:12:53 AM
From: energyplay  Read Replies (1) of 219856
 
Bernacke is not as dovish on inflation nor as crazy as the "printing press" statement would lead us to believe. Even Bill Gross of PIMCO said some nice things.

So I expect he may need to shpw himself tough on inflation, and we might get one more 25 bp rise in Fed Funds rates.

US interest rates are already high enough to make the USD higher, Ben Bernacke coud cause the USD to go even higher in Spring 2006.

Which would be Not GUDD for those of us in commodities.

BB is also aware that the response oto crisis has created the percetion of the "Greenspan PUT" I expect if there is a minor crisis, he will let things go crunch, and then have pretty much 'natural clensing' for a while...instead of bailing everyone out.

My guess is about 80% a clone of Al Greenspan KBE, with a slightly slower and stingier response to crisis and maybe trying to avoid the super low rates.
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