But will the FED step up and rise rates...as they must do sooner or later...?
The most accurate scenario for the next few years is...just think "70's!"
While the economy may have "changed" it's not clear that it was a change for the better...
Is Iraq "better than" Vietnam...? No! It's much much worse...
And the rules of macroeconomics, and monetary and fiscal policy have NOT changed... Despite efforts by the Greenspan FED to tout the "new economy" so it could be "different this time."
It ain't gonna be different,...but it aint' gonna be the same either...
In truth, it will probably be worse...! The US economy in the 70's was an industrial powerhouse...unlike today.
