In NY this holiday season I see inattentive workers.
I see signs all over the place help wanted.
I've read not to long ago we have a shortage of truck drivers.
These are sign that the economy is going great guns and that inflation as economist know it is on it's way.
But wait a minute, what going to happen to those well paid oil workers? And what about those oil companies that are mortgaged up to,the gill? After all the price of oil is on the down side of the roller coaster.
Now that the Federal Reserve had raise it rate and expected to do so more in the coming year, giving banks an excuse to raise the rate of borrowing, but not interest on savings( there isn't a great need for money).
Now let's assume that the cost of borrowing money becomes to high for the retailer, the fast food palace, and the trucking companies. Would those help wanted signs come down. Would those inattentive worker becoming attentive? (nah).
Will the raising of interest rates and falling oil prices put the U.S. economy on great footing or will the U.S. Economy stick it's tongue an go pffft to America?
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