Pimco's Tony Crescenzi sees the bright side of the end of the "tulip-mania" move in silver,...

Pimco'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.

Comments (5)
  • Stone Fox Capital
    , contributor
    Comments (9882) | Send Message
    at least one person gets it.
    5 May 2011, 03:05 PM Reply Like
  • tunaman4u2
    , contributor
    Comments (3488) | Send Message
    Unfortunately thats not the Fed


    Its jobs not amount of cash. $25 per hour for Evergreen solar worker in US, $2.50 per hour in China
    5 May 2011, 03:08 PM Reply Like
    , contributor
    Comments (10798) | Send Message
    "It will keep the game going longer". What the heck does that mean?


    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?
    5 May 2011, 03:21 PM Reply Like
    , contributor
    Comments (10798) | Send Message
    You can also thank the strong reversal in the Euro for some of today's action.
    5 May 2011, 03:41 PM Reply Like
  • Duude
    , contributor
    Comments (3413) | Send Message
    Part of the reason for the end of the commodity surge is the expectation that Bernanke ISN'T going to keep his foot on the monetary pedal. If he were to extend quantitative easing, commodities will rebound and the dollar will continue its descent.
    5 May 2011, 04:32 PM Reply Like
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