conditions for renewed inflationary pressures look like they may finally be present in the us during 2015.
unemployment has fallen to less than 6%.
the rate of economic growth is increasing.
low energy costs means people have a little more to spend, so consumption ought to increase.
there's a fair amount of money sloshing around that until now has gone into stock markets causing prices to rise there. this store of wealth is ripe for use in different asset classes.
it would not surprise me to see the fed begin to raise interest rates in 2015.
but it would be nice to allow the economy to grow for a little while before putting on the brakes.
after such a long, cold economic winter, a bit of over-heating sounds appealing.
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