Akkam’s Razor

Thank you for your frankness, Mr. Greenspan:

"I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil," Greenspan wrote in his soon-to-be-published memoir, The Age of Turbulence: Adventures in a New World.

Of course, now you can blame your unfortunate quotation, sourced verbatim from your own book, on those darn lefty blogs.

The Greenspan legacy seems murky at best.  TheStreet checks in with Myths of the Greenspan Era. The BigPicture and Barrons Magazine weighs in as well.

Gold is currently trading WELL above $500 per ounce.  While not historically high, the real value (adjusted) of gold has doubled in the last four-years.  Steve Forbes has previous commented that gold above ~$300-400 is an indicator that the Federal Reserve is not doing enough as far as interest rate hikes.  The Fed, however, is signaling that the most recent increase is the end of its measured progression of increases.  That’s especially curious, and is likely a signal by the Fed to motivate investors and “create” some momentum.