And if mice had pockets, they could carry rockets, and the human race would not exist...
We know a lot more about the economy, the effects of federal interest rates, and tax rates, than you seem to allow...certainly at the macro level.
Now the economy has lost speed, is dead in the water, and CEOs are starting to panic. If the equity market does not provide the cash they need, they will get it any way they can, in fact, the worst way they can, by raising prices.
Sort of like chopping up the boat to feed the boiler...not a very bright thing to do.
All because Greenspan did not have the courage to "floor it".
I agree long term rates would definitely increase in the short term, but with increasing valuations, the long term rate would then fall...come on...let's get real.
STAGFLATION IS HERE IN A BIG WAY
-Own |
