Agreed. One thing to pay attention to is just how wrong the Fed
forecasts have been & continue to be on GDP & Inflation.
They have been almost 1% too high each year on GDP for 5 straight
years. Not quite as bad on inflation, but still always too high.
They continually revise to lower bad (still too high) estimates,
and that's what pushes the dots out. In the private sector, they
would have needed bailouts many times over.
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Agreed. One thing to pay
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Posted by a_l_ on 18th of Jun 2015 at 11:47 am
Agreed. One thing to pay attention to is just how wrong the Fed forecasts have been & continue to be on GDP & Inflation. They have been almost 1% too high each year on GDP for 5 straight years. Not quite as bad on inflation, but still always too high. They continually revise to lower bad (still too high) estimates, and that's what pushes the dots out. In the private sector, they would have needed bailouts many times over.