-- Posted Wednesday, 1 March 2006 | Digg This Article | Source: GoldSeek.com
Rick’s Picks
Wednesday, March 1, 2006
For investors who’d rather be smart than lucky
Yesterday’s comments in this space proved timely, since all the evidence that Helicopter Ben could need of an economic slowdown was there in spades: ebbing consumer confidence, a cooling housing market, punk GDP growth and a slowing in the manufacturing sector. The Wall Street Journal’s reaction quotes implied that investors were caught off guard by the news when they dumped stocks as the session wore on.
But other than CNBC-watchers, who, really, could have been surprised? Yesterday we quoted the top bond guy in the country as saying that all the statistical signs of a waning economy were there in plain sight, despite the fact that our new Fed chairman evidently would have us believe that “inflation” is the central bank's biggest problem, not the delicate condition of the economy.
Is Bernanke the clueless wonk he appears to be, or just a bad actor? You be the judge. And if you think the Fed is going to tighten by the widely inferred 50 basis points between now and mid-May, I’ve got a bridge to sell you.
The content on this site is protected
by U.S. and international copyright laws and is the property of GoldSeek.com
and/or the providers of the content under license. By "content" we mean any
information, mode of expression, or other materials and services found on GoldSeek.com.
This includes editorials, news, our writings, graphics, and any and all other
features found on the site. Please contact
us for any further information.
Live GoldSeek Visitor Map | Disclaimer
The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy
or completeness of the information (including news, editorials, prices, statistics,
analyses and the like) provided through its service. Any copying, reproduction
and/or redistribution of any of the documents, data, content or materials contained
on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC,
is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be
liable to any person for any decision made or action taken in reliance upon
the information provided herein.