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


To: Bucky Katt who wrote (69235)9/20/2007 11:06:58 AM
From: mishedlo  Read Replies (4) | Respond to of 116555
 
Bernanke's Bullet Misses The Mark
globaleconomicanalysis.blogspot.com
Not much has changed since Bernanke cut rates. Mortgage rates actually rose, Auto and Home Equity rates did not budge. Massive numbers of foreclosures are still going to occur and the jobs picture is still bleak. Bernanke has pulled out his pistol and is firing bullets praying that one will hit a target. If Bernanke's liquidity goes anywhere gold will likely benefit.

Mish