SeeTheLight

Equities Shrug Off Protectionist Fears

It's a good thing that Yellen is suggesting that the fed will likely tighten before the unemployment rate hits 5%, because with the amount of off-shoring of jobs during this downturn, I'm not sure getting back below 5% unemployment is in the cards for a very, very long time, if ever.

The only concern about the increase in retail sales is that PPI grew 1.7 percent (against an expectation of 0.8%), so how much of those sales increases were just the cost of inflation creeping in. I guess we can all be extremely happy that we are fighting off deflation only to find ourselves on stagflation's doorstep.

Good Luck all.