Front and center this morning, we saw a ton of selling pressure in the currencies and precious metals yesterday, starting about mid-morning and going on throughout the day. So…. The dollar rallied on a Thinking Thursday… Does that mean the negativity towards the dollar, the deficits and the upcoming quantitative easing is all swept under the rug? I don’t think so, folks… I truly believe that we had a couple of forces at work yesterday and being the writer my mother always wanted me to be, I’m going to go through these forces for you.
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When Fear Takes Over: The Prospect of Hyperinflation
What’s the big news? Every headline you read implies the same thing. All eyes are on Ben Bernanke.
“Bernanke expected to announce hundreds of billions in new QE,� says one headline.
“Investors counting on support from the Fed,� says another.
“Fed easing could push stocks higher,� says a third.
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