Tuesday, May 24, 2005

The Prudent Investor - seeing too many bubbles: OECD slashes growth forecasts - ECB rejects rate cut advice

The slowing of European economies is good news for US inflation. China is still a hot economy but the currency is pegged. Inflation may get bumped a little because of trade tarriffs with China, but over all inflation is tame. Long-term rates are low, real estate is still affordable.