Greenspan.......

Alan Greenspan is coming out with a new book on Monday. As such he has been hitting the talk circut. This week he said he feels that Big Ben is doing a fine job and according to this
Story in today's USA Today he sees double digit interest rates in our future. I have not read the book yet but plan to and will let you know my thoughts.

Having Greenspan constantly in the news must weigh on Bernanke. It is a hard job being Fed Chairman and coming in to replace Mr Greenspan. I also think that Ben Bernanke took on at a difficult time and has done a pretty good job to date (although seeing how these next few months play out could be a defining moment).

I continue to look for 25bp on Tuesday and another cut (50bp) in the discount rate.

Good Luck and Good Forex Trading.