January 10, 2006

THE UNGREENSPANNING OF AMERICA:

Optimism returns to markets: Prospects for 2006 and hopes for steady interest rates pushed the Dow above 11,000 Monday. (Ron Scherer, 1/11/06, The Christian Science Monitor)

The stock market, often considered a barometer of how investors feel about the economy's prospects, is now reflecting an optimism not seen in years.

The main catalyst for the surge is the expectation that the Federal Reserve is close to its last interest-rate hike, which could make stocks more competitive than bonds. [...] In more good news for investors, analysts expect the economy to run at a moderate pace without inflationary stresses and strains.


Only someone too traumatized by the '70s to think clearly would continually raise rates into a constant climate of deflation.

Posted by Orrin Judd at January 10, 2006 7:00 PM
Comments

Well, the seals are off.

Are we in a new ballgame?

Posted by: Sandy P at January 10, 2006 7:06 PM

And what happened to Rantburg???????

Posted by: Sandy P at January 10, 2006 7:07 PM
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