IT's The Economy, Stupid...

There are many comments across the web about current economic events particularly in light of the speed at which things are happening ut the real deal are in the ranges...

Where are we going from here? One of the best is ACTION FOREX which describes the perception impact on the range in as eloquent and clear a way as I have seen.

Inflation concerns in the EU have long had interest rates rising and soon the FEDS will follow suit regardless of only one vote (from Dallas) of the Board of Governors.

We are entering a zone of stagflation. We are in a recession. Confidence indexes are all showing poorly...

But if perception is the thing, then I still hold out for this Fall starting the turn around. Maybe it is optimism in face of disaster, but it is clear that nobody has ever seen such speed in economic events and such links and complexities in the real world models.

I think there'll be plenty of swings...