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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (3060)	12/9/2003 5:08:21 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 110194

Supply siders (among the biggest cheeleaders for easy money) now changing their tune with gold over $400. Who was it who said gold is irrelevant - "The Federal Reserve is planting the seeds for future inflation," says Steve Forbes of Forbes magazine. "The symptoms of an oncoming inflation are abundantly clear. Commodity prices have soared. The best barometer of monetary disturbance, gold, is now reaching $400 an ounce, the highest level since 1996... Greenspan & Co. have ample opportunity in the weeks ahead to reverse course and get our monetary ship on an even keel. The longer the central bank waits, though, the messier and more costly the cleanup will be... Other countries are not ignoring the incipient storm clouds. The Australians recently raised interest rates. So did the Brits."