Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: koan who wrote (80807)	6/29/2008 4:36:38 PM
From: RJA_	Read Replies (3) of 116555

>>"This month, Ben Bernanke, the Federal Reserve chairman, broke from the usually banal official pronouncements about the dollar to talk bluntly about the risks of inflation. He told an international conference that a weakening dollar had caused an “unwelcome rise” in inflation and pledged to guard against such dangers." Bernanke apparently believes in fighting inflationary expectations rather than fighting inflation. Since he is on guard dog duty, perhaps the expectations wont rise as much as the inflation, and he will be happy. That anyway appears to be the reason for the jawboning so far... BTW: I am curious what you will trade on Monday and why... but I am happy to wait until after the trade. Be well... RJA

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