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The End of `As Good As It Gets'

By Implode-Explode Heavy Industries

``... it should come as no surprise if the Fed announces on Tuesday that it will buy even more than $27 billion over the next month. One Fed official even said as much. That of course would be bullish for both stocks and bonds, not to mention, to the Fed?s consternation, all manner of commodities, especially oil and gold. At some point, the rise in commodities will corner the Fed. We?re not there yet, but it will be interesting to hear the Fed explain away raging commodity inflation as it begins to show up at the gas pumps and in the grocery stores.''

Full post as published by Mortgage Lender Implode-o-Meter on October 11, 2010 (boomark / email).