The "reinflation play" is the latest trading strategy on Wall Street-and one that reflects a fast-disappearing faith in Alan Greenspan. As the chairman of the Federal Reserve has presided over five interest-rate cuts this year, each of 50 basis points, the reaction of the markets has turned from euphoria to nervousness. A growing number of investors fear that he may have cut too far, too fast-and they are looking for investments that will pay off if easier money results in higher inflation.
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