Perspectives

Well, the election is over and one group is dancing in the streets while another group is drowning themselves in despair. This is the first time in my memory that one party has control of the four branches of government: executive, senate, house and supreme court. One important independent entity that is rarely mentioned, The Federal Reserve Bank, has a duel mandate to control inflation and maintain relatively full employment, will be under stress to accommodate the current political environment. I remember that old Chinese proverb, “be careful what you wish for because sometimes you get it”. The corollary to that is “may you live in interesting times”.