Great post, I will re-read this next week as there are many great nuggets of wisdom here to think about and digest. It seems as if Mr. Powell is celebrating the decline in housing and energy. With inflation and petro prices off the front page of the news wires, his job at the Fed is much easier. I think future inflation is primarily dependent upon oil prices. I believe that oil prices will remain subdued until the threat of near-term recession has ended. The temporary break in oil prices will not last. Eventually oil prices will climb higher; recession or not. When that happens, the real recession threat will begin. I am really concerned what happens to our economy (US) when oil is sustainably over $100 and the Fed has to be more aggressive with rates. Where is the S&P at when interest rates revert back to the mean of the last 50 years? What I see in our future is stagflation and government deficit spending (state and federal). I am trying to imagine a world with high oil prices and higher interest rates.
Great post, I will re-read this next week as there are many great nuggets of wisdom here to think about and digest. It seems as if Mr. Powell is celebrating the decline in housing and energy. With inflation and petro prices off the front page of the news wires, his job at the Fed is much easier. I think future inflation is primarily dependent upon oil prices. I believe that oil prices will remain subdued until the threat of near-term recession has ended. The temporary break in oil prices will not last. Eventually oil prices will climb higher; recession or not. When that happens, the real recession threat will begin. I am really concerned what happens to our economy (US) when oil is sustainably over $100 and the Fed has to be more aggressive with rates. Where is the S&P at when interest rates revert back to the mean of the last 50 years? What I see in our future is stagflation and government deficit spending (state and federal). I am trying to imagine a world with high oil prices and higher interest rates.
Nice mix of viewpoints.
Hi David. This is a great addition to the Haymaker stable. I appreciate your efforts. Cheers John.
Great post. Very interesting. Thank you.
Great highlight reel! We appreciate it.