Wednesday, November 30, 2005


This Author has just returned from a massive Heart attack which did not prove fatal, but required substantial recuperation. It will be slow getting back into the swing of things!

The Government has just reported a high (better than 4%) growth rate for the Economy in the 3rd Quarter. There are a lot of false images within the data, giving a sense of well-being, but it still presents a picture of a vital economy. The worst false imaging may be Fuel pricing, which cannot remain this low without a reduction of Consumption. The Fed should discontinue it's Interest Rate increases, as it has maximized the Monetartist impact of this avenue; further Rate increases could not forestall Inflation any further, while crippling the Economy. lgl