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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (31546)6/6/2005 11:05:59 AM
From: Crimson Ghost  Respond to of 116555
 
Supply siders like Forbes carry a lot of clout with the Bushies and Greenies.

The recent rally in stocks and bonds also gives the Fed more slack to tighten further IMHO.



To: mishedlo who wrote (31546)6/6/2005 11:55:20 AM
From: Tommaso  Respond to of 116555
 
>>>What difference does it make what the price of gold is since the US$ is not backed by it?<<<

I agree with that. I think Steve Forbes has a bad habit of making oracular pronouncements that are no more than his hunches. Maybe he considers it his duty as an editor to voice opinions. Only a month ago he announced that oil would drop back to $30 a barrel. Maybe it will, but not yet.


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