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Gold/Mining/Energy : At a bottom now for gold? -- Ignore unavailable to you. Want to Upgrade?

To: Bobby Yellin who wrote (1287)	6/25/1998 6:46:00 PM
From: Alan Whirlwind	Read Replies (1) \| Respond to of 1911

We have learned much today, yes? --A.

To: Bobby Yellin who wrote (1287)	6/25/1998 11:29:00 PM
From: ahhaha	Read Replies (1) \| Respond to of 1911

You say he is a man of integrity and then you say he manipulated markets. A manipulator of markets lacks integrity because they are trying to change the will of the people for their own benefit. So you have contradicted yourself. There is no a priori connection between bond prices and employment. The Burn's FED tried to generate and ensure employment by creating money to lower short term rates. When short rates fall, T-bill rates fall, Meanwhile T-bonds rose because the artificial stimulus generated inflation. No central bank or all the central banks combined can significantly manipulate the T-bond market. Greenspan and every other FED chairman over the last 20 years has been painfully aware of that reality. If the government and central bank pursue non-inflationary policy, you get high employment and low interest rates. But to claim that driving down interest rates by some manipulation will improve unemployment is false and attempting to manipulate the T-bond market in pursuit of that goal brings about the opposite of the intent.