I must admit that I am getting mixed signals. The Fed keeps raising interest rates, but then we are printing billions of dollars that we don't have, which will devalue our currency. We want to avoid a recession, but higher interest rates will hurt the housing industry which is 15-18% of GDP, and we are already seeing layoffs in the mortgage industry. Gasoline prices are coming down, but demand has dropped. People are vacationing less and reducing optional spending, which is hurting small businesses, resorts and restaurants. Given these facts, it is so hard to make any accurate prediction because of strategies that conflict. I wish I could be more certain. However, like most Americans, I am totally perplexed.
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