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Confusion reins and no one knows what will happen. The Fed has lost contact with inflation in its fear of the recession taking away the American punch bowl before the elections. None of that Please! Will then what to do? I suspect nothing just as they indicated. One vote to keep the strong dollars crowd cheering, but we know it will not happen. What is next? The death plunge into the fall months when bonds prices will climb and interest rates on housing loans fall. I suspect gold will do well as the dollar is seen to be frail on weak export numbers. No pretty.
Aug 06 09:13 am
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All Comments by whidbey »The Olympiad of Central Banks [View article]