Big News out of the Central Banks
* U.S. FOMC
* Primary concern - inflation is too low
* no policy to "correct" the problem
* Preparing markets for additional stimulus
* Japanese Central Bank Doublespeak
* Japanese sales tax hike postponed
* Continued calls for more inflation
* Why is sales tax is different than inflation?
* Euro Decline
* Mandating "stability" by increasing inflation?
* Chinese Central Bank
* Cut interest rate to 5.6%
* Money flows to the dollar as a hedge because the market believes the Fed
* Gold has not dropped much against the dollar and has risen against other currencies
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