Fed's Tightening Well here we go, one day after the Wall St. Journal says we are set for lot sof growth and solid credit, the Fed says nono, we are behind the curve on inflation. +10 basis points later, in one day, and probably 50 or so on the month, and we'll see how that works out. Everyone knows credit is too loose right now and assets are inflated, why does the Fed have to wait for the stock market to blow an even bigger bubble. The deficits are going to go unphased, especially if the dollar gets a lift from credit concerns, but lets be positive here too, the American economy is still growing faster than its peers, but could it be at the expense of an eventual huge global slowdown?
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