Interest rates
Interest rates and pronouncements by Fed officials are the primary thing most market participants are talking about these days. We know higher rates are on the horizon. How fast will the U.S. raise rates? This has big implications for the world economic picture.
Inflation in the U.S. will determine how fast rates rise. I believe inflation will be slightly above plan and be unsettling to the markets. Add this to the problems in Iraq and Saudi Arabia and investors have good reason to keep their list of short sales up to date.
Inflation is not good . . .
Continue Reading: June 16, 2004
