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Mullooly Asset Management

Fiduciary Fee-Only Financial Planner | Investment Advisor in Wall, NJ

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Inflation is Unwelcome by Ben Bernanke

June 8, 2008 by Thomas Mullooly

Have you seen the Bruce Willis movie, “Die Hard“?Die Hard

When the police officer starts to drive away, Willis sends him a message…throwing one of the bad guys on the hood of the car.

And Willis yells “Welcome to the party, pal!”

Well, the stock market screamed that to Ben Bernanke this week.

On Tuesday Bernanke seemed optimistic things might improve later this year. But he also mentioned that the falling dollar has contributed to an “unwelcome rise” in inflation.

No kidding.

I wonder how much of the rise in gold, silver, oil and other commodities the past 12 months is directly because of the falling value of the US Dollar?

What do you think?

So…it seems Bernanke may be putting the pieces in place for an eventual rise in rates possibly later this year or early next year” if, as he said this week, “inflation were to flash signs of getting dangerously out of hand.”

Welcome to the party, Ben

Wait.
Did he say “dangerously out of hand?”
Let’s see…oil has gone from $30 to $130.
Gold has gone from $300 to $1000.

Huh?

Oh…welcome to the party. Pal.

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Filed Under: Asset Management

About Thomas Mullooly

Thomas Mullooly is owner and founder of Mullooly Asset Management, Inc. In 2002 Tom opened Mullooly Asset Management, a fee-only investment advisory firm. As an investment advisor, and not a broker, Tom works strictly for his clients. With the help of point and figure charting, Tom builds a realistic game plan for clients.

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