The Street has nothing to fear from the FED going forward...
THE RATE HIKES ARE DONE! THE ON GOING HOUSING PRICE CRASH WILL PREOCCUPY THE FED FOR THE REST OF THIS YEAR AND MOST OF NEXT YEAR...
This could start gold and oil back up again, but the FED and it's shills have provided a buffer with the recent drive down of commodities including gold and oil...
THE FED SIMPLY CAN NOT "DISAPPOINT" THE STREET WITH ANOTHER RATE HIKE...THE TANTRUM ON WALL STREET MIGHT CAUSE AN OCTOBER CRASH WHICH RISKS A REALIGNMENT OF GLOBAL MACROECONOMICS IN A MOST UNPLEASANT WAY FOR THE US ECONOMY....
THE LAST THING THE FED NEEDS IS FOR GLOBAL MARCO ECONOMICS TO COME TO THE FOREGROUND AGAIN RE:THE CONDITION OF THE DOLLAR...
SO THE FED IS PERMANENTLY DONE RAISING RATES...NO MATTER WHAT THE DOLLAR AND GOLD DO...
THERE IS SUFFICIANT FEAR IN THE GOLD AND OIL MARKET TO GET THE FED THROUGH TO SPRING 2007...AND THEY ARE NOT LIKELY TO WANT TO UPSET THE APPLE CART BEFORE THE ELECTIONS AND THE COMING OF A NEW KONGRESS IN JANUARY...
PUT ANOTHER WAY: BERNANKE WANTS HIS DOMESTIC BUBBLES BACK!
AND HE MIGHT JUST GET THEM... EVEN IF INFLATION SOARS IN COMMODITIES AND IMPORT PRICES.
