Thursday, June 8, 2006

THE BERNANKE STYLE vs. GREENSPAN SPEAK?

But will "jawboning" be enough... I don't think so. We are way beyond jawboning, shilling and talks to Kongress.

The current month's rate hike is "baked in".... And the yada yada for next month's rate hike will start up immediately.

Bernanke is "locked in" to rate hikes for the indefinite future now..