Some think that the G-Man will go for 50 bps in the Fed meeting on March 22.....
And the dollar reacted oddly, today.... Does someone know something? The big plunge in gold looked like a backdoor attempt to take the wind from behind oil prices....but they do this kind of thing every so often. And it never really works out.
My hunch is that GREEDSPAN NEEDS A SHOCKER--- to get the markets to take notice....and show a little respect for the Fed again. Greenspan's been kicked around a lot lately for being the political "Yes, Man."
And nothing would pour oil on the troubled waters of the oil market like a big boost in the dollar via markedly higher rates.
And of course we are over-due for a sequel to the Spring "bond crash" of last May..... Greenspan could be the "next big thing" in the markets later this week....!
