Just A Thought....

Well, the gold munchkins will not be calling Mr. Bernanke
"helicopter Ben", at least for a couple of weeks. And, Maria
Bartiromo, CNBC's sensuous, langorous reportress, may even
be having second thoughts about getting Ben all riled up
with her scoop about his feeling misunderstood concerning
the implications of monetary policy. The aftermath, of
course, has been the "Maria bears all" episode for the
markets.

Wait, there was a thought here. I got it. I suspect the main
target for all the tough Fed talk about inflation is the price
of crude oil. It is a primary capital input for many businesses
and when it inflates, the effects are infectious. The boys at
the NYMEX were planning a glorious run for crude this summer,
what with the hurricane season and Iran tripped out on its
show of power. Good for the NYMEX guys and the oil producers,
not so good for most of the rest of us. And so the Fed, knowing
the market is currently awash in crude, may have taken aim at
this market, hoping to scare folks away and induce a sell-off.
That would also help a little to unsettle Pres. Ahmgonnabebad of
Iran. Just a thought....