He always has some comments that make me laugh - in this article his reference to Powell as Volker re-born was funny (to me anyway). I also laughed when reading his reference to Powell being the Wizard of Dc/OZ. The article is great because it really lays out the quandry that the Fed faces.Turn left, problems a, b and c. Turn right, problems d, e and f. Personally, I think they'll chose the easy way out and print. The only question is when?
When do you think they will pivot? Should be a good period for gold and FF.
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