Alan Greenspan appears to be increasingly concerned about inflationary pressure. The Fed raised rates another predictable .25% up to 2.75%. But Greenspan noted that future increases may be 50 basis points to ensure inflation remains in check. Though he also noted future increases may remain at 25 basis points. Great. That is just going to set the market up for volatility before the next FOMC release, when people are guessing whether it will be .25 or .50 percent.

I just finished a pretty big project analyzing the Argentina currency crisis. That was some crazy inflation. Right now the US is hovering around 2.7%.

My biggest worry with the US economy is our ridiculous budget deficit. This increasing national debt is going to put enormous pressure on workers as all these baby boomers retire. The trade deficit doesn't bother me so much because those dollars have to come back someday.