The pundit opinion on the US economy has been remarkably gloomy lately....and these are people who are usually the touts and shills for Wall Street.
Wassup....could the measured pace finally be sinking in. Will a 5% CD at the local bank destroy Wall Streets MONOPOLY on mom and pops savings account?
Perhaps the prospect of 5% money at the bank is the worst nightmare Wall Street could face. Dividends would have to rise substantially to meet that expectaion....or P/Es would have to COMPRESS NOT EXPAND......
JUST AS LOWER RATES IN 1982 SPARKED THE "GREAT WALL STREET BULL MARKET" OF THE LAST 20+ YEARS.....SO TOO, THE NEED FOR MUCH HIGHER RATES NOW COULD SPELL THE END OF THE MEGA-BULL MARKET OF THE 1990's.
The fact that Stagflation is now talked about by "respectable" pundits is also worrisome. That is not a word that just slips out for these folks...
THE PUNDITS SEE SOMETHING COMING LATER THIS YEAR...... AND IT'S NOT GOOD FOR THE WALL STREET WAY OF LIFE.
Stay tuned......
