In a CNBC interview today with San Fransicko's Fed Williams, we heard several things that have been repeated ad nauseam by the establishment elite.
- Get used to very weak GDP growth -- thanks to lack of investment and productivity.
- Trump's fiscal stimulus, although inspirational, won't move the needle all that much.
- We're at full employment, despite the fact that 94% of jobs created under Obama were part time.
- Due to the specter of inflation, rates need to go higher...much higher.
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