Joe Doakes from Como Park emails:
All that hype about the wonderful Obama economy turns out to have been . . . hype. It’s not wonderful at all.
The solution chosen by the Federal Reserve – raising interest rates to throw the brakes on rampant inflation – turns out to have been the wrong solution.
Was the wrong solution chosen because the economic numbers were wrong? Because their analysis was wrong? Or because the President who got elected was the wrong person and Lord knows, we can’t allow That Guy to have a robust economy?
Yes, I am that cynical.
No action on that bet.