Brilliant thank you. Interesting your thoughts on the proverbial tug of war over projected rates. Typically that's how these things work I guess. Was it 91 rates peaked at 17.5% by 92 they were 3%.
More interesting is what will happen with inflation when industrials and possibly energy cools. I think inflation will spike, still too much stimulus in the economy. 40 years of falling rates inflating asset prices is going to create a cussion under rising costs for a large demographic. Rates are well below the rate of inflation and the fed are using laging indicators. They should be looking at consumption.
Happy New Year !!!!!
Brilliant thank you. Interesting your thoughts on the proverbial tug of war over projected rates. Typically that's how these things work I guess. Was it 91 rates peaked at 17.5% by 92 they were 3%.
More interesting is what will happen with inflation when industrials and possibly energy cools. I think inflation will spike, still too much stimulus in the economy. 40 years of falling rates inflating asset prices is going to create a cussion under rising costs for a large demographic. Rates are well below the rate of inflation and the fed are using laging indicators. They should be looking at consumption.