[steve86]

I hate to say it but you've been unduly influenced by the Fed's jawboning. No one in the real world believes inflation is low, unless they do nothing but buy Chinese junk at Walmart and replace their laptop every three months (and they obviously don't put gas in their car to run those errands or ever experience an illness).

I suggest listening to pronouncements of the Fed and Labor Department with a skeptical ear. Those organizations are not in the business of reporting accurate statistics; they are in the business of perception shaping toward political goals. Years later you will find out what they really think when meeting minutes are released, often at variance with the public statements of the time.

Governments do not keep interest rates so low for such an extended period when things are going well.

[sixmil]

Governments do not keep interest rates so low for such an extended period when things are going well.

That's exactly what I am worried about, action speaks louder than words. It's hard to feel confident about things when you have an administration that wants to take credit for people employing themselves, classify burger-flipping as manufacturing, appoint an offshorer as manufacturing czar, etc.