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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Taikun who wrote (40787)	3/25/2005 2:26:35 AM
From: Tapcon	Respond to of 206322

I am not sure. If the Caribbean hedgies were front-running for the Fed for bond purchases in recent auctions, monetizing may have already begun. Yes! Good point. I've wondered about that and have seen references to the curious emergence of big buyers from the Caribbean recently. And to tell you the truth, if the Fed is faced with the choice of imposing pain in the US by fighting inflation, raising interest rates, destroying asset values OR monetizing away the debt and inflicting the pain on creditors here and abroad, which is the path of least resistance? (Do you think the Fed has a printing press in the Caribbean <ggg>)