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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: LLCF who wrote (125298)10/27/2012 1:34:25 PM
From: tejek1 Recommendation  Read Replies (1) | Respond to of 149317
 
All the latest stuff is kinda irrelevant anyway... at some point rates are going to rocket no matter WHO is president. We either see huge slowdown or runaway inflation (if the fed actually has the balls and is so brain dead as to start buying stocks and all the T-Bills with actual $100 bills).

That's not going to happen for a long time so long as housing prices remain low because of foreclosures making their way to the market, industrial capacity remains 'stuck' at 78%; there is surplus retail and office space in most metro areas and unemployment remains significantly above 4%. Los Angeles had a great recession in the early 90s and it took nearly 8 years for it to recover.....even as the rest of the country was booming.

Everyone keeps downplaying how serious the recession was in 2008...........they shouldn't. Recovery is still ongoing and will continue for a few more years....that recovery is complicated by the problems in Europe, one of our major trading partners. The only inflationary pressure we face right now is from gas...........it pushes wholesale prices up some months when the hedgies have their fun and then drops in other months. That's it. Now is not the time to worry about inflation.....despite all the histrionics from MM.