2009-04-06ft.com

When, though, does all this loose money lead to the inflation the goldbugs need for the next run? For the moment, it is hard to see that on the horizon in the US, since we were talking about the dollar price of gold. However, the Fed has now been reminded very forcefully by politicians and would-be future governors that it cannot withdraw monetary stimulus too quickly. So it will withdraw it too slowly.



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