Saturday, September 22, 2007

Gotta Wonder

Think these two headlines are related?

U.S. Stocks Surge the Most Since March After Fed Cuts Rates

Treasury 10-Year Notes Fall Most Since March 2006 On Inflation Concerns

Looks like the bond market has picked up the slack from the Fed on inflation worries.

I can't help thinking all these maneuvers are simply delaying the inevitable.
There are suggestions a normal correction process was taking place. By extension, manipulating that process delays at best or in the worst scenario creates a bigger problem.
I think that's so cartledge. But they can probably delay the crash for a long, long time. Hell, they've been doing it. Phony gov't stats, continued borrowing, revving up the money printing presses...
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