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We do begin with the fed and the markets and the realization that the free money mania of the past six years could be about to end. Most importantly, investors seem ready. Stocks taking off after those fed minutes appear to lay more ground work for a december rate hike. The reason that we at double line are cautious though, when you look at broad indicators today, were worse off than in 2012. At the end of 2012 gdp want only gdf was off by 1 . Now its around 3esh. Moderateties are at alltime lows in some indicates. China is slowing. It just doesnt strike me that things are so hot that you have to accelerate. Are they so bad you have to be at zero . I guess the fed price stability. With regard to the price stability, were nowhere near the 2 inflation target. With unemployment by conventional measures, 5 it looks like were there. However, what i thought was jarring is when you parse through the numbers of the last unemployment report, 271,000 jobs added. Thats great. It was shocking to m ....