Thursday, June 29, 2006

Great economic news today: GDP revised upward, consumer spending and corporate profits strong, imports lower than expected, and prices in check. Fears of increasing inflation and deficits may abate.

2 comments:

Anonymous said...

Deb,

Housing is slowing way down and one more rate hike looks like it might invert the 3 mo. / 10 year. You don't see a slowdown coming?

Deborah said...

Glad you asked...I do not see a slowdown coming because the consumer is still "sizzling" at 5.1% and corporations' capital expenditures are increasing. The Fed has been trying to take the air out of the housing bubble, and it looks like it will succeed.