Is This Rally Just Hope?
A Note From Our Income Analyst
What Will Bernanke's Press Conference Mean for Commodities?
Following today’s Federal Open Market Committee meeting, Ben Bernanke, the Federal Reserve Chairman, will host a historic press conference.
You see, the Chairman is not a PR specialist. He’s an economist. He’s a banker. He’s the soft-spoken squirrely guy who sat in the front of your math class and said nothing, but aced all the tests.
I have to iterate: this is the first press conference following a policy meeting – ever. That’s nearly 100 years of stoney-silence, broken.
So you have to ask yourself: what the hell does it mean?
Well, when the economy is humming along, unemployment is low, growth is good, but not too good, deficits are in check, and the dollar is healthy – you don’t hear a single word from the Fed Chairman. He’s like that old saying about children, except he’s not heard, or seen.
If he’s putting himself in front of the cameras, fielding questions and generally making himself heard and seen, then the only logical conclusion is that he’s in damage control mode.
The most depressing and hilarious article I’ve read all year
I know - I'm supposed to talk about gold or oil or coal again today. That's what you were promised as a reader of this publication.
I hope you'll forgive me, but today's missive has little to do with commodities.
I read an article that just can not go unmentioned. It's either the funniest and best written nod to George Orwell I've ever seen, or it's a frightening representation of the world we live in.
Before I go on, you should take a look for yourself - it truly must be seen to be believed.



















