ABSOLUTE CERTAINTY

Somewhere along our path we recall seeing a sign in a chest surgeon's office that said something to the effect that nothing is more uncertain than the state of absolute certainty. From Bloomberg here's some more economic fodder for the premise that the Fed is already behind the curve.

Too many people are looking for more deflation. One side of the Good Vessel Deflation is getting crowded.

“After a slow December and January and some weather-related impact in February, we are beginning to see retail conditions improve,” Paul Toms, chief executive officer of Hooker Furniture Corp. in Martinsville, Virginia, said in an April 16 earnings call. “The overall economy seems to be more resilient and able to shake off bad news, there’s a firmer foundation under key indicators for our industry like housing, employment, the stock market and consumer confidence.”

http://www.bloomberg.com/news/2014-04-21/gain-in-u-s-leading-index-points-to-second-quarter-rebound.html