Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: zonder who wrote (17531)	12/3/2004 11:52:31 AM
From: John Vosilla	Read Replies (1) of 116555

You have to wonder what would happen if interest rates on both the short and long end went back to say 1996 levels. I believe real inflation figures are being hidden by the BLS and are much much higher than 3% with the ramifications of this ultra easy monetary policy on our future a probable real negative not factored into the equation by anyone. So your housing, real estate taxes, insurance, food, car, gas, utility, medical amd education are rising at double digits each year. Somehow they want you to believe declining prices for all the electronic toys we have today that make up a fraction of our budgets will somehow offset it. So now we have a nation of folks that have become slaves to their mortgages all in the game up continuing to spend beyond their means and piling up more and more debts with no savings. <To me, the correct answer is (2), and what you do not seem to be taking into account is the INFLATION DATA. You know, PPI and CPI which were 4.4% and 3.2%, respectively, in October. Meanwhile, Fed funds rate is at 2%. How can you not understand why the Fed is raising interest rates? >

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