Economy is Weakening But at Least the Cost of Living is Rising Ep. 63

Published: March 25, 2015, 6:09 p.m.

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\\n\\t* Bad economic news coming in is more a deluge than a trickle
\\n\\t* Dollar continuing to drift lower since "patience" was removed
\\n\\t* New Zealand Dollar record high against the euro and the Australian dollar
\\n\\t* New Zealand enjoys a strong currency, economic growth, low inflation and low unemployment
\\n\\t* Swiss franc had a strong day today
\\n\\t* Chicago Fed National Activity Index revised down to -.11
\\n\\t* Three consecutive months of declining numbers
\\n\\t* Deteriorating numbers reflect pattern similar to pre-QE3 months
\\n\\t* Existing home sales number below estimates
\\n\\t* February new home sales up, however
\\n\\t* Richmond Fed Manufacturing Index -8, twice as low as most negative forecast. declining 4 times in 5 months
\\n\\t* CPI came in at .2%, exactly as expected; core up to 1.7
\\n\\t* Price of ground beef up 19.2%, at a record high
\\n\\t* The jobs numbers are a lagging indicator
\\n\\t* We are likely to see a jobs number downturn based on less optimistic assumptions
\\n\\t* Weaker jobs number will keep rates low
\\n\\t* The only thing that might drive rates higher is inflation, but goal of "medium term" is vague
\\n\\t* Weaker economy and higher inflation will cause dollar to drop
\\n\\t* When inflation is the only focus, it will be obvious that the Fed cannot raise rates, driving dollar down
\\n\\t* A currency crisis will finally force the Fed to raise rates
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