This is typical Fed manipulated business cycle activity. It will not end well, but the idea that the Fed is going to have to reverse its recent minuscule 25 basis points rate hike is absurd.
Tuesday, March 1, 2016
This Is Not What a "Stuck" Federal Reserve Looks Like
Total construction activity for January ($1,140.8b) was up 1.5% from December ($1,123.5b) and is approaching pre-financial crisis highs.
This is typical Fed manipulated business cycle activity. It will not end well, but the idea that the Fed is going to have to reverse its recent minuscule 25 basis points rate hike is absurd.
-RW
This is typical Fed manipulated business cycle activity. It will not end well, but the idea that the Fed is going to have to reverse its recent minuscule 25 basis points rate hike is absurd.
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