Thursday, September 20, 2007

Bernanke's Bullet Misses The Mark

Not much has changed since Bernanke cut rates. Mortgage rates actually rose, Auto and Home Equity rates did not budge. Massive numbers of foreclosures are still going to occur and the jobs picture is still bleak. Bernanke has pulled out his pistol and is firing bullets praying that one will hit a target. If liquidity goes anywhere gold will benefit

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