"Moretti Associates" say Ben Bernanke should refrain from complaining about Fed policy-driven oil price rises.
"Moretti Associates" analysts are thought to be incredulous about recent comments from
Federal Reserve Chairman, Ben Bernanke, on the steadily rising oil price and its potential effect on the nascent economic recovery in the United States.
Referring to the rises as "a kind of tax", Mr. Bernanke said that they represented a potential contributor to higher production and distribution costs that could result in higher inflation.
According to one of the "Moretti Associates" analysts, "What did he expect when he arbitrarily began creating US dollars out of thin air at the click of a mouse? Investors shouldn't be looking at this phenomenon as a case of the rising oil price but rather as a case of a dollar that simply doesn't buy as much as it used to."
The investment company maintains its view that currency debasement hedging remains among the most potent weapons in the smarter investor's arsenal and continues to advocate the acquisition of both gold and silver on price dips despite the recent sell-off in both metals since the beginning of the new year.
"The US dollar is likely to keep falling in value relative to most commodities since Mr. Bernanke has left markets in no doubt as to where he wants the newly-created greenbacks from his quantitative easing program to end up," said a "Moretti Associates" analyst.
Adding to the confusion is the news that several political decision makers in countries that have already been bailout out have expressed grievances about some of the terms attached to the emergency funding received from the EFSF (European Financial Stability Facility).
"Moretti Associates" suggests that there may be a move to renegotiate the terms of their bailout programs which could further exacerbate the situation.
Adding to the confusion is the news that several political decision makers in countries that have already been bailout out have expressed grievances about some of the terms attached to the emergency funding received from the EFSF (European Financial Stability Facility).
"Moretti Associates" suggests that there may be a move to renegotiate the terms of their bailout programs which could further exacerbate the situation.