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

To: CalculatedRisk who wrote (37319)7/30/2005 2:47:06 PM
From: philv  Read Replies (2) | Respond to of 110194
 
Greenspan recently said the money supply is being managed as if it was based on a gold standard, so going back to gold is completely unnecessary.

Bernanke, however, opined that the FED has a thing called the printing press, and if necessary, he would fly his helicopter and throw money out the window.

It therefore goes to prove that Greenspan's way is best, because can you imagine the problems if Bernanke had to throw gold out the window, that is if the chopper can get off the ground in the first place. Look out below! Oh, my, the humanity!

Those that survived a direct hit would be fighting tooth and nail for the shiny stuff.



To: CalculatedRisk who wrote (37319)7/30/2005 5:05:26 PM
From: Crimson Ghost  Respond to of 110194
 
We must also watch gold.

Influential supply siders attach great importance to pushing gold below $400 before the Fed starts to ease.

They have been obsessed with this "magic" $400 number for many years. One would think that that would have hiked this "threshold" considering all the inflation we have seen over the past decade.

But $400 still the gold standard for these charlatans.


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