Enzio von Pfeil

Why The Fed Should Raise Rates

YOur points re. real interest rates are interesting.
We suggested to our clients back in June 04 that Fed Funds would reach 6%: this has been the extent of previous tightening cycles.

I am afraid that Mr. Bush's juvenile militarism in the Muddle East, where he refuses to talk with the enemy such as Syria and refuses to give the military what it needs to fight the war, will depress the dollar further. That implies a bout of imported inflation, on top of those higher oil prices which he, the Texan oil boy, seems to be so in love with...