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

To: Steve Lokness who wrote (52101)	6/5/2006 10:10:55 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Mish; The market thought as much of Bernanke's speech as I did. Care to share what it was that was unacceptable? I mean the guy can't be faulted with what Greenspan dumped on his lap. I thought his voice was strained as he took the hard road. .....If the fed is going to combat inflation and a falling dollar, don't they have to keep raising rates? Even if that sinks the market? Don't you think that fed is stuck between a rock and a hard place? From Ben; Therefore, the Committee will be vigilant to ensure that the recent pattern of elevated monthly core inflation readings is not sustained. I would appreciate your comments Steve Can you handle the truth? ggg That comment will surface soon so please bear with me until it does. Bernanke is to blame in as much he was a part of the Greenspan Fed and did NOTHING to dissent. Worse yet, he is a fan of price targeting, a policy that I think is assinine and have commented on in blogs multiple times before. Price targeting is doomed to failure IMO. Mish