Joe Carsonis a former professional footballer who spent his entire playing career in the Scottish leagues, playing mostly as a central defender... (wikipedia)
Show me how resource utilization has any impact on inflation in the last 10 years.
Low growth in GDP and a decline in productivity -- hours worked rose more than GDP -- implies margin compression and a sequential decline in operating profits.
I can't get a good read on him.
Previously the Fed had a reason to raise rates. There is no compelling reason to raise rates at the present time.
We all talk about our dependence on imported oil, but our dependence on manufactured goods is two and a half times larger than oil. We're so dependent on imported goods -- from consumer and capital.
We source locally for items that would be prohibitively expensive to ship.