Excelent interview on Bloomberg:
http://www.bloomberg.com/avp/avp.htm?clipSRC=mms://media2.bl...
(Jim Rogers answer to Jon Stewart's question from Stewart-Greenspan conversation: The Fed is irrelevant. The Fed follows the market.)
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dont fall for that video commentator
He says the Fed follows interest rates and then in the same breath admits that the Fed controls interest rates.
He is manipulating damage control from guess where - Shanghai, China.