Fuck no! This is the second post I've read lately that suggests rates should be raised. Raising rates would cripple any recovery we're currently experiencing, no matter how small. Not only would it fuck the credit markets but the stock market would take a hit as well. And with the fragilness and volatility in the markets right now it could be devastating. Inflation needs to be showing much stronger signs of rearing its head to raise rates.
LOL and they say it with such confidence too. As if it's a given; no problem just trust me, if the computer says you can retire at this age, it must be true.
The perma-bear cult, of which I have often been accused of being a member, is an especially strange clique that often sees the clandestine plunge protection teams saving the U.S. stock market at critical points. They have never met a government statistic they like but instead see the U.S. government as "massaging" and revising employment, inflation and many other economic statistics in order to paint a positive picture. They express contempt for economic improvement and never or rarely ever see prosperity. And they never ever or rarely make money.
Seems like these "advisors", are someone who takes a 2 week course from H&R Block or Primerica, and know only how to press buttons on the "This is Your Future" Powerpoint presentations
In a Gubmint managed economy being trumpeted and promoted by a Gubmint adoring media, unemployment is NO BIG DEAL unless you happen to be one of the unemployed. Propaganda is the most effective tool of Socialism or Fascism. The plight of the Jew was NO BIG DEAL in Nazi Germany unless you happened to be a Jew. So it is in Barry's world of propaganda, you do not change directions, you simply change verbs, Barry no longer be about job creation, he be all about job preservation which is very convenient and politically pragmatic, because who is to say that even ONE job will be created in the next 3 and one half years and by that phrase I mean one job NET created.
If you are going to quote Doug Kass, at least let others know this is what Doug Kass said instead of trying to pass it off as being your own words...
This is one of the reasons I decided to get educated on money management and the like. When I first setup my RRSP years ago (401K in USA), I had a financial advisor tell me "this is how much money you will have at this age, and this is how much at this age, and when you retire you will have THIS MUCH MONEY!". He never mentioned anything about inflation, risk, etc. I knew a bit about economics back then but not as much as I do now, so I knew these were relevant topics. The meeting scared the shit out of me and made me realize that nobody cares about my money except me.
Too bad you don't live in America. The government here cares very much about "your" money... source of funds, you know.
Here is one item in the report everyone missed. The house hold survey. You sure won't here this in the media, it's very bad.