17/10 Indices, page-160

Markets looking strong. Eventually the FED will raise rates at a slower pace. I guess that is good for markets? If that article is correct regarding the fall in household savings, then wages will have to rise. MSM will probably start blaming the average worker for the inflation whereas they are always just trying to maintain purchasing power of their wages. Any hint of QE for bond markets will lift markets. Unless govs start reining in their spending, I dont see how they keep the bond party going without intervention. Rates in US will be around 1% higher or more by end of year. Should start seeing the effects of this years rate rises next year. Markets should move higher from here until there is a decent fall in US employment which would signal that rate hikes are taking effect and spending is being reined in (at the consumer level at least - gov level will still be out of control junkfest spending).