Crude up near a buck today, natgas up the same, so the energies aren't playing ball with the Xmas 'spend till you drop' mantra.
And really, if you think about it, why would they drop, in that you need gasoline to run your transport & natgas to heat your home, so they have you by the short hairs anyway you slice it.
The metals are telling us something, what is it?
It will be interesting to see what the Bernanke FED brings, and keep this in mind>
Bernanke gave a speech in 2002 entitled "Deflation: Making Sure 'It' Doesn't Happen Here" in which he discussed possible Fed actions to prevent deflation saying, "A money-financed tax cut is essentially equivalent to Milton Friedman's famous 'helicopter drop' of money." Further describing several options in the government's arsenal for fighting deflation Bernanke also said, "the U.S. government has a technology, called a printing press that allows it to produce as many U.S. dollars as it wishes at essentially no cost."
Critics of Bernanke, calling him "Helicopter Ben," argue that he is too worried about deflation and too sanguine about its opposite, inflation. |
