A diary of the thought process behind my investment decisions
Facts Can't Stop Bernanke
The prices paid component of the ISM came out at a very hot 71.
Commodities are hitting new two year highs once again. If oil breaks out it will be off to the races.
The GDP report showed the price deflator rising 2.3%.
Bernanke & Co. are completely ignoring the facts. What will he gain? Slightly lower rates. If inflation breaks out today's problems will look like child's play. The risk of QE is too great and the potential reward is minimal.