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Some Unpleasant Monetarist Arithmetic (guest: Jim Leitner)

The Market Huddle

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Is There a Greater Chance That the Fed Shouldn't Go and Rake Rates?

The fed is still thinking that over the next six months inflamation is going to start coming off. We were supposed to have base effects, which we didn't ad and i really didn't. I mean, corporations either have to cut their margins, or they increase their prices by enough so that the margins stay stable. That leads me to another where i think the fete has very little control, and that's corporate political power.

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