i always see the end of the business cycle as false pricing has given the impression that there are 10 sheds of concrete for 10 endeavours but in fact of -real- sheds of concrete there are only 9, so one endeavour is unavoidably doomed to collapse irrespective of rates rising or not as the false pricing decision is already made i.e. the needle is unthreadable because either the price of a shed of concrete inflationary spirals out of affordability eventually collapsing an endeavour, or the in real terms affordability of a price stabilised shed of concrete spirals out of reach collapsing an endeavour. This is presuming that the US is in an expansionary business cycle now and I'm not sure about that.
That aside and I know this is a US centric site, the BOE isn't going to raise rates and considering the Fed is the big dog so to speak, i imagine that means that they don't see any meaninfgul action by the Fed.
i always see the end of the business cycle as false pricing has given the impression that there are 10 sheds of concrete for 10 endeavours but in fact of -real- sheds of concrete there are only 9, so one endeavour is unavoidably doomed to collapse irrespective of rates rising or not as the false pricing decision is already made i.e. the needle is unthreadable because either the price of a shed of concrete inflationary spirals out of affordability eventually collapsing an endeavour, or the in real terms affordability of a price stabilised shed of concrete spirals out of reach collapsing an endeavour. This is presuming that the US is in an expansionary business cycle now and I'm not sure about that.
That aside and I know this is a US centric site, the BOE isn't going to raise rates and considering the Fed is the big dog so to speak, i imagine that means that they don't see any meaninfgul action by the Fed.