Yesterday, based on easy Ben the inflation dove’s JEC testimony, I noted that:
"I think Gold — and most of the commodities — just got a whole lot sexier . . ."
That didn’t take long: Gold miners are up 4% today, Gold (the metal) is up $18, and the Silver ETF (SLV) is up nearly 5%.
On K&C yesterday, Larry suggested that Gold’s modest pullback was a sign there was no inflation. I disagree.
I guess you can say my views remain the same: except for all various items going up in price (oil, food, industrial metals, housing, medical, education, insurance, precious metals, wood, building supplies) there is no inflation.
The market is speaking loudly on the same subject today . . .
“Every Change of Rate” is an utterly hysterical parody of the black & white Police video “Every Breath You Take,” as done by some Columbia Biz School students; Its an amusing take on the Ben Bernanke, the newly appointed Fed Chief. My favorite bit are the lyrics during the second verse: “First you move your…Read More