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Politics : Welcome to Slider's Dugout
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To: SliderOnTheBlack who wrote (3893)11/29/2006 7:15:28 AM
From: yoremopnhoj  Read Replies (2) of 50156
 
Sliders argument continues to hang on 'Benny and the Fed's' doing the right thing. So far all I see is talk out of the Fed's about how tough they will fight inflation. Why is NG over 8 dollars with a glut of inventory? Why is oil over 60 with a glut of inventory? Why does the US stock markets go up despite bad news? The world is flush with paper currency and a limited number of places to put it, that's why. Under current Fed policy we are headed for both the Dow 50,000 and Gold at 50,000. Slider will be right only if the Fed's get serious about inflation, for now they are trying to talk it down.
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