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Rate Hike and Inflation

The FOMC raising the discount rate to .75% is indeed not that effective on the overall economy, nor is it said to be done in response to inflationary worries.  However, I feel that this hike is a gut reaction to inflation worries.  We are a ways off from inflation becoming a big problem due to a lack of demand of currency, however when that day comes (and every day it is getting closer), a new mindset will rule Wall Street.  

My long term interests lie in foreign currencies and raw materials.  A raising global demand (unavoidable with population increases and a developing international middle class(afluenza)) and loose monetary policies will undoubtedly push us into those murky behavioral economic waters.