"faith in the Fed has reached a speculative extreme."

donsu

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Wed Nov-02-05 01:52 PM
Original message

"faith in the Fed has reached a speculative extreme."

http://www.atimes.com/atimes/Global_Economy/GK03Dj02.html

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FX Trading
Once again the Fed tells us that inflation isn't really that much of a problem.

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What do we make of the inert precious metal and the lowly Federal Reserve note dancing to the same tune of late?

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Bottom line: sooner of later we expect monetary dislocation to show up in the price of gold. Not just because of the massive global imbalances and financial leverage, but because faith in the Fed has reached a speculative extreme.
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there are graphs and everyting

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