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


To: gregor_us who wrote (64770)6/28/2006 5:24:18 PM
From: UncleBigs  Read Replies (2) | Respond to of 110194
 
I don't think the Fed really cares all that much about gold as long as it's going up at an orderly pace.

When the commodities were going vertical, it's impossible to argue that inflation expectations are under control.

The fact is that the Fed has already gone too far. We'll have a recession late this year/early next year.

All the Fed can hope for at this point is to delay the pain. A flat yield curve at 5.25% is good enough in their eyes. They need to announce the pause to take the heat off of housing and the stock market.

Even if they do, it will be a short-lived reprieve.



To: gregor_us who wrote (64770)6/28/2006 7:52:55 PM
From: shades  Respond to of 110194
 
Steve Forbes on Gold

He was on CNBC yesterday saying we need some new tools for inflation tracking and gold was the best

video.msn.com

Steve Forbes - profit growth - Bernanke a bad stude of a successor - inflation - they should use GOLD prices - Greenspan printed too much money - Kernan looks like a fool

I still don't understand why, but everyone else does so I hope I can figure it out some day. Perhaps what people mean is they needed to respond to the symbolic nature of gold.

Where do they want the money to go - banks have so much they are buying risky debt - where does the fed want all the money to go??