Fed is not targetting bubbles, they are targetting inflation. The point was that main contributing factors to inflation now are the high commodity prices (including oil) and the high living costs (another measure used in CPI). If Fed is really as serious about containing inflation as they talk to be, they need to kill these 2 speculative bubbles to contain inflation. It will hurt economy as well but this is the only way out. Basically, there is too much easy money out there (thanks to greenspan) and it keeps showing its face as one bubble or the other as hedge funds follow the hottest thing around.
And I said, I “liked” comments by an analyst because it made sense to me. It will be presumtuous of you to assume that I agree or believe in anything analysts have to say. But thanks for your concern and references to different analysts.
