Hopefully Powel keeps the ecconomy vice politics in mind. It might be better on helping Dem to hit hard now with hopefully some results earlier, then lessor later making things better going into Nov election cycle -- just a thought. But I sure hope it's all about the inflation and ecconomy and not politics. I listen to Powel and he does seem well aware, this is "different", not clasic, unique, and complexed, thus cautious on impact and results. ... makes me more optimistic while still concerned.
So housing is leading indicator for resession (but not a stand alone indicator = no such animal): Housing starts tumbled 14.4% to a 13-month low in May to a seasonally adjusted annual rate of 1.549 million units, and permits for new construction fell 7% to 1.695 million. Something to watch.
I follow Aroraguy too!!!
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