Hi, excellent, well written article.
1. Could you define this more? In regards to real economic realizations (in terms of inflation, GDP, and wage growth among others), I see tremendous employment growth in the U.S. and wage inflation is starting. GDP growth has slowed, as has exports, but look at the DXY. The U.S. is close to full employment.
2. Why did the FOMC raise rates if things weren't going that well? They are data dependent, so what data are they looking at to justify this decision?
3. I can't even speculate what would have happened if the Fed had not stepped in in 2008-2009 and afterwards, maybe a repeat of the 1930's? They must have done the right thing as Japan and Europe have followed? Agree or Disagree?