His final observations:
- He doesn't see a massive inflation problem on the horizon.
- Thinks the Fed is betting that there is no risk of inflation until we get to 6% unemployment.
- Investors have to be long equities because of what the Fed is doing.
- Right now he sees investors set up very cautiously; he thinks it is a mistake to be worried about a 5% loss on Washington doing something stupid.
- He doesn't see a massive inflation problem on the horizon.
- Thinks the Fed is betting that there is no risk of inflation until we get to 6% unemployment.
- Investors have to be long equities because of what the Fed is doing.
- Right now he sees investors set up very cautiously; he thinks it is a mistake to be worried about a 5% loss on Washington doing something stupid.
