Friday, May 02, 2008

Deja Vu: The Fed's Interest Rate Dilemma

A very interesting article that puts todays economic environment in perspective as well as what needs to be done to improve it.

On a separate note, I've said for the past three months that we probably weren't in a recession, but that I didn't know and it didn't matter. With GDP of .6% for the first quarter and the jobless rate FALLING to 5%.....well, you figure it out.

I'm not saying things are great - we have major structural issues our nation must deal with. What I am saying is that staying invested during the good and bad times works, as April has proven.

Stay the course, it works. Read Wesbury's article, it is great.