6/16/06 9:00 a.m.
War, what is it good for?
St. Louis Fed President Poole said U.S. data may understate inflation.
The data may not capture the entirety of the inflation picture which would naturally expose the markets to uncertain risks.
This is not the kind of talk the market needs to sustain a rally.
Will these Fed Governors ever shut up and let the markets do their natural thing?
In a word, no.
Today, Fed Governor Kohn will be speaking at 11, Olson at 11:30, and Kroszner at 1:15.
It promises to be a roller coaster session. Whatever you do is likely to be wrong…therefore, you should act immediately.