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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Joan Osland Graffius who wrote (94883)3/9/2002 1:19:11 PM
From: Box-By-The-Riviera™  Read Replies (1) | Respond to of 132070
 
gold would be a sign of the reflation

below 290, failure

above 325, beyond the inflation target

ergo: gold failure would be market goal failure as well

just my guess.



To: Joan Osland Graffius who wrote (94883)3/10/2002 11:12:42 AM
From: Knighty Tin  Read Replies (2) | Respond to of 132070
 
Joan, I think Joel is on the right track. Deflation is more dangerous than reflation, so gold below a certain price, and I doubt it is as high as $290, would indicate deflation.