Consensus Economist Estimates Don't Suggest a Recession [View article]
A slowdond like 1995? I Don't think so. Retail Sales will be reported tomorrow. I deflated RS by the CPI and this Real RS is trending lower and is below the 1995 level.
High Interest rates are suffocating the economy already.
In the last three decades when the last(quarterly average) rise in interest rates takes place and Nominal GDP year-over-year growth starts to decelerate , the Fed has cut rates in within one quarter of this event, every time except for 1998.
This time around we are in the fourth quarter of declining Nominal GDP growth.
By this measure, Mr. Bernanke is already late!
The lower US Dollar, high CPI rate and the Chairman’s reputation, prevent the Fed from lowering rates.
Consensus Economist Estimates Don't Suggest a Recession [View article]
I Don't think so.
Retail Sales will be reported tomorrow.
I deflated RS by the CPI and this Real RS is trending lower
and is below the 1995 level.
The Fed's Done All It Can For Now [View article]
In the last three decades when the last(quarterly average) rise in interest rates takes place
and Nominal GDP year-over-year growth starts to decelerate , the Fed has
cut rates in within one quarter of this event, every time except for 1998.
This time around we are in the fourth quarter of declining Nominal GDP growth.
By this measure, Mr. Bernanke is already late!
The lower US Dollar, high CPI rate and the Chairman’s reputation, prevent
the Fed from lowering rates.