Any hope of a slow down in FED rate hikes was dashed by the recent data on house inflation...
House prices are out of control! Thanks to Mr Greenspan the world's biggest asset inflationist.
Clearly, Bernanke will have to raise rates at EACH AND EVERY FED meeting this year to wring the asset inflation out of the Greenspan Bubble Economy that he inherited.
The dirty little secret about the US economy is that it is NOT healthy in ANY macro-economic sense...in fact it is a toxic soup of economic anomalies. A trade deficit that is now structural...making China America's "economic Siamese Twin!"
And a tax-cut and spend mentality combined with a disasterous war that of itself would doom any economic rationality straightaway.
The only hope for the US economy is the continuing "kindness of strangers" that is to say global central banks are reluctant to throw the dollar overboard and start over with say, the Euro, Yen or Gold...
But with the hated US president and VP on everyone's minds 24/7...sooner or later someone will simply pull the plug on Washington and Wall Street will have few options left.
BERNANKE SIMPLY MUST STOP INFLATION...ALL INFLATION...AND THAT INCLUDES HOUSE INFLATION...
ALAS, IT WILL BE "FUN" TO WATCH WALL STREET WAKE UP FROM IT'S CURRENT "DAZE"...
WHAT AN INCREDIBLE OPPORTUNITY THIS WILL BE FOR "THE SHORTS" WHEN REALITY FINALLY DOES SINK IN...
