RE:RE:RE:RE:Reality Check I guess it all depends what you mean by fight.. will they do what's necessary, raise rates to the point where real rates are positive and reduce government spending and balance the budget? No, of course not. Will they raise rates slowly, talk tough and jawbone the market until the CPI comes down a few percent then declare victory? Yes.
I suppose the extent of the fight and where we end up is where we differ. Neither of us knows for sure, so we'll have to see what happens. Your advice to keep dry powder is well taken.