If you're like me, doing nothing can be very satisfying when you're convinced that it's the correct course of action. Doing nothing when there are obvious problems around you is difficult to pull off. The Fed starts a 2-day meeting today. I wonder what the hell they are going to talk about, let alone do.
Rates are probably as low as the are going to get via Fed actions, but the economy is very troubled. UPS and oil at $138 are today's latest examples.
Commodity inflation is ripping and it may be that housing is bottoming. Even if it isn't bottoming, it doesn't seem to be our marquee problem any more. Even so, I can't imagine a rate hike in here.
That is what makes this environment so difficult. Time may be the most important factor in resolving what is going on. In the words of Winston Churchill, "If you are going through hell, keep going."
Rates are probably as low as the are going to get via Fed actions, but the economy is very troubled. UPS and oil at $138 are today's latest examples.
Commodity inflation is ripping and it may be that housing is bottoming. Even if it isn't bottoming, it doesn't seem to be our marquee problem any more. Even so, I can't imagine a rate hike in here.
That is what makes this environment so difficult. Time may be the most important factor in resolving what is going on. In the words of Winston Churchill, "If you are going through hell, keep going."
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