A measure of how depressed the economy is

When even the Secret Service, charged with the protection of the President is “depressed” and does not execute its duties appropriately!

A “laundry list

One thought on “A measure of how depressed the economy is

  1. Positive comments from Walter Kurtz (Sober Look)………

    “lower inflation expectations are equivalent to higher real interest rates – a form of “market-generated” tightening in monetary conditions. Central banks generally don’t like to tighten policy when real rates rise sharply.

    Part of the reason for weaker inflation expectations has been the decline in commodity prices – which to a large extent resulted from stronger US dollar (as well as slower growth expectations in China).

    ……….

    The Fed watches market-based inflation expectations quite closely and the dovish FOMC members may use this as an excuse to press for delays in rate normalization. If the US dollar appreciation continues at the current pace, the FOMC’s dot-plot will begin to move lower.”

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