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Wednesday, September 19, 2007

My Latest Money & Markets Column -- Wake Up and Smell the Coffee

Wake Up and Smell the Coffee! (by Sean Brodrick)
9/19/2007 7:30:00 AM

The Federal Reserve cut both its federal funds rate and the discount window rate a generous half percentage point yesterday, in an effort to prop up a cratering U.S. real estate market, and to prevent the economy from slipping into recession.

At the same time, the Fed noted that, "Some inflation risks remain, and it will continue to monitor inflation developments carefully."

Heck, Fed Chairman Ben Bernanke doesn't need to look farther than his morning cup of coffee to see inflation at work. Prices are on the launch pad, up more than 6% just this past Monday!

In fact, just about everything in your morning breakfast is only going to get more expensive, as agricultural commodities, led by wheat and soybeans, get swept up in a rip-roaring bull market.

The good news is there are ways you can play the coming move that will perk up your portfolio with potential profits. I'll get to those in a bit. First …

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