"U.S. inflation is back at the Federal Reserve’s 2 percent target after spending most of the last six years below it. The pickup has been driven by factors not necessarily linked to the strength of the economy, which means there’s no guarantee that it will stay there for long."
"As we get into 2019, this earnings cycle is going to run its course. The earnings growth will have to slow because the year-over-year comps get so tough," he told CNBC's "Futures Now" on Thursday. "When you've got slower earnings growth and higher interest rates, that's going to knock down equity valuations."
We had 6 great years of being far below 2% inflation under Obama. One year of Trump at were tipping over 2%.
Now interest rates are much higher so we're paying more on credit cards, home loans, student loans, etc. The price of gas has gone up 4%, the price if food is up 3% and overwall wage increase is only 2.3%
"U.S. inflation is back at the Federal Reserve’s 2 percent target after spending most of the last six years below it. The pickup has been driven by factors not necessarily linked to the strength of the economy, which means there’s no guarantee that it will stay there for long."
Funny how he called the numbers phony under Obama, but now they are real
“If we are to have another contest in the near future of our national existence, I predict that the dividing line will not be Mason and Dixon's but between patriotism and intelligence on the one side, and superstition, ambition and ignorance on the other.”
-- Ulysses S. Grant
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