Fed sees nothing but blue skies.

According to Fed Jeffrey Lacker, president of the Richmond Federal Reserve Bank, April 4, 2006:

"It has now become uncontroversial to say that the outlook for overall economic activity is quite healthy," Lacker said. Although there will be some moderation in the housing sector this year, this "will not pose a problem for overall activity this year or next...Both survey data and the market prices of inflation-protected Treasury securities tell us that the public expects inflation to continue to be contained. I am confident that we at the Fed have the knowledge and the will to validate those expectations."


I was blue, just as blue as I could be
Ev’ry day was a cloudy day for me
Then good luck came a-knocking at my door
Skies were gray but they’re not gray anymore

Blue skies
Smiling at me
Nothing but blue skies
Do I see

Bluebirds
Singing a song
Nothing but bluebirds
All day long

Never saw the sun shining so bright
Never saw things going so right
Noticing the days hurrying by
When you’re in love, my how they fly

Blue days
All of them gone
Nothing but blue skies
From now on

[2]
I should care if the wind blows east or west
I should fret if the worst looks like the best
I should mind if they say it can’t be true
I should smile, that’s exactly what I do

Irving Berlin