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Pimco's Tony Crescenzi sees the bright side of the end of the "tulip-mania" move in silver,...
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Thursday, May 5, 2011, 2:58 PM ETPimco's Tony Crescenzi sees the bright side of the end of the "tulip-mania" move in silver, saying it will limit other commodity price increases and the resulting harm to the economy. This will "keep the game going longer" as it allows the Fed to continue with its foot on the monetary pedal.
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This news story has 5 comments:
Its jobs not amount of cash. $25 per hour for Evergreen solar worker in US, $2.50 per hour in China
So commodity price increases...the canary in the mine re: FED printing...hurt the economy? Good Lord...my brain hurts trying to figure these guys out.
This is pathetic reporting from Matt Phillips at the WSJ. Matt...how bout quizzing your contributors on what they mean and why. Is Tony Crescenzi a staunch advocate of Fed Printing....now that Pimco is out of the Bond market, why would TC be such an advocate? Oh....he wants the stock market inflated more?