Greenspan's confidence in the predictive value of gold (as an inflation indicator) might be high enough that, when combined with other critical predictors . . . could push Greenspan to either hawkish words or action,
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It is conceivable, for example, that the current weakness in stock prices may already reflect the weak earnings news that will be released over the next several weeks and the stock market might unwind some of its excess pessimism,
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The Fed certainly recognizes the importance that the markets are placing on the housing market and could well use it as a means of sending strong signals.
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The news coverage on today's jobs data will likely be immense, and this will in a sense pummel the consumer with bad news.
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Based on Topics: Actions Quotes, Gold QuotesBased on Keywords: greenspan, greenspans, hawkish, indicator, predictive, predictors
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