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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (69132)	5/14/2001 2:44:26 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 116764

Greenspan's freedom to inflate is limited by two factors -- the bond market and the currency market. If either of these refuse to cooperate the cure could be worse than the disease. So far the currency markets are cooperating extremely well. The dollar has rallied as short-term rates have plunged. But the bond market is starting to balk. Long bond yields have risen sharply and are not far below 6%. Further big increases in bond yields would gravely damage the housing market.