this brings the inflation rate from 2.50% to ~4.00%.
the last time we saw 4% inflation was around 2006, when the Fed had raised rates to cool the housing market, but instead triggered a recession.
instead, this time, the inflation may come prior to the interest rate adjustment. nevertheless, the interest rate movement (to 4-6%) could trigger all the horrible things jim grant talked about above in the link.
Does the phrase "on point" derive from the person on the basketball team who takes the position point guard, directing the play, the little general (e.g. Sherman Douglas), etc.? As in, "I'm on point?"
so at one point i tried to build a site kind of like voyurl. i called it sendreader. looking at voyurl now (and not using it), i see how difficult it is for people to share stuff. we read the blogs we read because in most cases, they are highly specialized to our tastes. we follow the people we do on facebook because we appreciate their interests and perspectives. this is not a universal.