Not To Cold, Not To Hot

Just released figures indicate that in the fourth quarter of 2013 our gross domestic product grew at an annualized rate of 2.6%. While this is down from the 4.1% experienced in the third quarter, it still keeps our long-term growth trend line in a reasonable trajectory. One of the brightest spots of the report was that consumer spending was up 3.3 % which was a significant gain over the 2.7% percent experienced in the third quarter. All of this seems to vindicate the Yellen Fed and their late...