Returning Reasonableness  

After a decade of weak inflation, suddenly synchronized global growth, the fastest US wage increase since 6/09, and fiscal stimulus from the GOP tax cut have convinced investors it will become pervasive. This, they fear, will cause the Fed to raise rates more rapidly than expected and is what precipitated the steep decline in equities.  Relax, this suggests that we are finally returning to a more normally functioning economy.

 

 

Written by:

Elliot F. Eisenberg, Ph.D.

GraphsandLaughs, LLC

elliot@graphsandlaughs.net

Cell: 202.306.2731

www.econ70.com