The Economy - Federal Reserve Version

SEARCH BLOG: FEDERAL RESERVE

• Federal Reserve Members Concerned About The Outlook For Inflation
  (things are going too well)
  
  
• Foreclosures spike in October
  (interest rates are not high enough)
  
  
• U-M: Mich. economic outlook bleak
  (outsourcing has helped the economy)
  
  
• Fed points to soft landing for economy
  (I thought things were going too well)

In summary, inflation spurred by strong economic growth has resulted in higher foreclosures which can be controlled by raising interest rates. While pockets of the economy are doing poorly, outsourcing design, engineering, and production overseas will bring recovery. All in all, we expect everything to be cushy (so enjoy your soft landings).

And, by the way, things are going just as well in Europe...

• U.K. Personal Bankruptcies Reach Record as Rates Rise

Somehow, the view from the top always looks better.
..