Oh really, scott, you have. That's funny, commodity prices are falling (probably one of the biggest indicators for inflation), the trade defecit is worsening, OPEC has a long way to go to prove they can stick to their quota, cyclical and energy stocks sold off today, housing starts are down, there are further consolidations in the energy sector due to pricing and cost pressures, PPI remains favorable, unemployment numbers are unchanged from last month, foreign pricing continues to slam the US competitive landscape, and, well you get the point.
Worst of all, a .25% rate hike will have little if any impact on corporate earnings. This is a perception and jaw-boning game that a bunch of old, crippled thinking geisers, who strive for some outdated method of feeling important, play to get their rocks off.
And all at our expense.
Teflon |
