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SW Ontario | I completely disagree with most of her comments.
A windfall for the US consumer? Where exactly is this windfall coming from when wage growth is stagnant?
The Fed will raise slowly to about 100 basis points in the next 12 months? I'd like to see how that affects consumer spending in the next 12 months.
China's slowing growth is the reason for sluggish markets? It is the other way around. Decreased demand from the West is slowing the Chinese economy.
And lower commodity prices will drive consumer spending? Maybe a little bit the whole reason they are falling is a strong US dollar coupled with weak demand.
I admire her optimism but I see a very weak economy which generally means consumers are not going to spend freely like she seems to think.
By the way, this could be good for commodities over next 12 months, especially if the Fed reacts by not raising rates, or even turning on the printing press again.
Edited by Bert 11/28/2015 20:48
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An Economist you can understand, but do you want to?
