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Born at the Crest of the Empire

Tuesday, December 13, 2005

I guess the Bush Boom is almost over

Bush had better talk about the good economic news fast, because it looks like the Fed may be thinking that it's peaking soon. Hope you enjoyed it.
The Federal Reserve is expected to hike interest rates another quarter point today. But after 18 months in which the Fed has been pushing rates higher to keep inflation under control, the central bank appears to be getting close to the end of its rate increase campaign.

And I know, the Fed was raising out in front because of oil prices and inflation fears, but even so, a peak in rates would be a significant statement on the economy.

2 Comments:

  • Whoa, whoa, whoa...there's good economic news? I sure haven't seen any...

    By Blogger Isaac Carmichael, at 10:21 PM  

  • That's the symptom of the Bush Boom.

    If you haven't seen any benefit, I'm guessing that you don't make more than $200,000/yr.

    But, anyhow, I just saw this a sign that your "good times" might be over.

    Mike

    By Blogger mikevotes, at 7:31 AM  

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