Go to the Amazon.com link below for TIMING THE MARKET by Deborah Weir (Wiley, 2005).
Email: DebWeir@WealthStrategies.bz
Take her class at the NY Institute of Finance: nyif.com/courses/fimk_1014.html.
Friday, August 04, 2006
The Fed knows that inflation is a lagging indicator. They are probably attempting a "soft landing" similiar to the one in 1994.
2 comments:
Anonymous
said...
Deb,
The difference btwn. 94 and 2006 is that now we have high oil prices, high commodity prices, overleveraged consumers, and a housing bubble that's deflating more rapidly than I think the figures show so far. The bubble in housing has driven consumer spending (and many economists reckon 40% of the job growth during the recovery is a product of housing)
Do you think the Fed can pull a soft landing off? The situation looks a lot more dicey today . . Also, do you believe "bubble" is a fair description for housing? Or is it just hype?
I like your astute assesment of the economy. Fortunately, industry's capital expenditures (capex) are increasing and can supplant the declining consumer.
Housing is probably overly-hyped in most areas but not where I live. I never saw so many for sale signs in CT before...New Canaan is the worst. Also, the real estate market in Colombus, OH stopped dead in its tracks last spring according to an agent/speculator there.
2 comments:
Deb,
The difference btwn. 94 and 2006 is that now we have high oil prices, high commodity prices, overleveraged consumers, and a housing bubble that's deflating more rapidly than I think the figures show so far. The bubble in housing has driven consumer spending (and many economists reckon 40% of the job growth during the recovery is a product of housing)
Do you think the Fed can pull a soft landing off? The situation looks a lot more dicey today . . Also, do you believe "bubble" is a fair description for housing? Or is it just hype?
Brian
Dear Brian,
I like your astute assesment of the economy. Fortunately, industry's capital expenditures (capex) are increasing and can supplant the declining consumer.
Housing is probably overly-hyped in most areas but not where I live. I never saw so many for sale signs in CT before...New Canaan is the worst. Also, the real estate market in Colombus, OH stopped dead in its tracks last spring according to an agent/speculator there.
Best,
Deb
Post a Comment