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Corrugated box production, a perennially important component tool of future pricing prediction, is up now only 1% year over year...

This means the economy is slowing far more quickly than the Wall Street mavens (Lawrence Kudlow excluded) stated just three weeks ago and that those who know monetary theory (Phronimos included)are correct when they say the last Fed funds rate hike of 50 bp (FRB Governor Broassad and his "accelertaing US inflation" claims in Vienna Austria this week aside)was ill advised, imprudent, and incautious.

From career civil servants, as FRB members are, one does not expect any better. The only issue is that the last rate hike in one two day stint savaged the NASDAQ almost 6.9%.

But who cares, right? So long as the barbeques are ready, the beer's in the frig, and the kids are at summer camp, we'll get through these governmental abuses of our wealth.

That is the general view of Wall Street money managers in general. No fighting by them of what has turned out to be another major FRB mistake-- so long as the $300M/year comes in to the salary ledger of the money manager he'll disregard what is right and wrong on the past of civil servants and just go on.

Don't rock the boat.

Just so long as the beer's in the frig, and the barbeque is ready...

What a joke this investment thing is showing itself finally to be for all who now can follow things up to the minute thanks to the democratization of information because of Bill Gates and how he has increased the standard of living through his company's work for the net.
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