Economy is Weakening But at Least the Cost of Living is Rising – Ep. 63

* Bad economic news coming in is more a deluge than a trickle

* Dollar continuing to drift lower since "patience" was removed

* New Zealand Dollar record high against the euro and the Australian dollar

* New Zealand enjoys a strong currency, economic growth, low inflation and low unemployment

* Swiss franc had a strong day today

* Chicago Fed National Activity Index revised down to -.11

* Three consecutive months of declining numbers

* Deteriorating numbers reflect pattern similar to pre-QE3 months

* Existing home sales number below estimates

* February new home sales up, however

* Richmond Fed Manufacturing Index -8, twice as low as most negative forecast. declining 4 times in 5 months

* CPI came in at .2%, exactly as expected; core up to 1.7

* Price of ground beef up 19.2%, at a record high

* The jobs numbers are a lagging indicator

* We are likely to see a jobs number downturn based on less optimistic assumptions

* Weaker jobs number will keep rates low

* The only thing that might drive rates higher is inflation, but goal of "medium term" is vague

* Weaker economy and higher inflation will cause dollar to drop

* When inflation is the only focus, it will be obvious that the Fed cannot raise rates, driving dollar down

* A currency crisis will finally force the Fed to raise rates


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