Edwin Dickens wrote:
Either a new
consensus forecast for interest rates will form or the Fed will begin to
lose its sacred "credibility."
Or the Fed will have to tighten more than it would have otherwise to
achieve the desired dampening effect on stocks the real economy.
Doug
PS: Love all
Presumably by "tighten more" you mean abandoning the 25-basis-point
increases in the Federal funds rate and the discount rate at each FOMC
meeting, for 50-basis point increases at meetings or even increases between
meetings? At this point, without spikes in the price indexes to justify
such a
