RE:RE:RE:RE:FX Rate...oil and fxI think most observers are in denial and dont realize these massive trade deficits are only getting bigger and inflation is going to put alot of people into the unemployment line as co's take measures to reduce costs.
We'll see if the fed gets three rate raises in as the markets continue to tank and go deeper into bear territory, it is an election year afterall, though there's significant political pressure on the fed to act against inflation, so we'll see.
Seems the fed thinks they can reduce demand and bring inflation down by jawboning the market, they don't see staglation as a possibility, let alone the most probable outcome (in my opinion). Even if they manage to bring inflation down a few percent, if we're in a recession, that'll give the politicians the cover to crank up the printing presses again.
Interesting times indeed!