- A potential violent market reaction; the quashing of the nascent private sector animal spirits; the short-term negative consequences of a stronger dollar on imports and exports; and the long-term issues of the size and cost of the debt.
There's a lot of anxiety about deflation, but this is unnecessary. Inflation is the real problem that's hurting the disappearing U.S. middle class.
The devaluation of China's yuan is another example of how a stronger currency -- along with higher interest rates -- can hurt a country's economy.
Don't believe pundits who say the stock market is near a top. The U.S. economy is on the verge of reaching escape velocity.
Wal-Mart raising base wages is just a sign of the beginning. Middle class rejoice, the increase in wages is coming.