Up Up and away.... Very odd action here! Whats up? $500 dollar gold soon? How does that make for cheaper gas?
Perhaps the dollar might be leading ALL PAPER ASSETS down now... in a stealth "devaluation?" That could "explain" golds recent run up? Still:
This new Fed chariman has a lot of explaining to do before the markets decide how to react...
My hunch is that rates continue rising well into 2006 because there simply is no reason to keep the Greenspan Bubbles going...if the bottom isn't falling out of the "real" economy...and it isn't!
Fed Funds may have to go all the way to 7%...and drag the bond market along kicking and screaming!
