Quote "that is a pipe dream,upside...the feds can and will print...

Quote "that is a pipe dream,upside...the feds can and will print as much money as they need"

This equals INFLATION, with a commensurate fall in the value of the US dollar. (Supply/demand 101) Remember the germans has a rather nasty experience printing money -ie hyperinflation

As commodities are priced in USD, they go up , ignoring asian demand. High commodities prices are only a fraction of the economy - it is the massive levels of debt and the ability to service that Greenspan is concerned about

"THERE IS NO THREAT OF DEFLATION IN THE STATES ACCORDING TO GREENSPAN"

Actually there is a massive threat of deflation, thats why they are keeping rates at generational lows in order to keep the ponzi sceme going. He has tightened verbally, and will continue to do so, but you can bet they wont raise rates until next year - why because of debt. All this Greenspan rambling is designed to keep the market thinking 'economic recovery', but not so robust that the bond market vigilantes get into action or the general punters think there is inflation in the system. All the imbalances in the system can only be fixed by an extended period of balance sheet repair - they will keep the jawboning going till this happens.

Welcome to stagflation!!!