Inflation

Bernanke Sees "Stabilization"

I still don’t understand why people listen to the same guy who said subprime was “contained” in 2007. But then again, Bernanke’s statements are worth noting since you can try to read between the lines and get an idea of what’s coming. From Bloomberg: Federal Reserve Chairman Ben S. Bernanke said while the economy is showing “tentative signs of stabilization,” the central bank intends to maintain a “highly accommodative” monetary…

Gold: Hedge Funds Join the Party

From Bloomberg, Greenlight Holds Bullion, Buys Reinsurance Stocks: Greenlight Capital Inc., the $5 billion hedge-fund firm run by David Einhorn, told investors it switched all of its holdings in a gold exchange-traded fund into bullion during the second quarter. “At a minimum this will provide some savings as the costs of storing gold are less than the fees” for the SPDR Gold Trust, the New York-based firm said yesterday in…