Thursday September 24, 2015

// September 24th, 2015 // Daily News

Jack Welch: Why the Fed should not hike rates yet
CNBC.COM
Jack Welch

The Federal Reserve should not raise interest rates because there’s no inflation, former General Electric chief Jack Welch said Thursday, ahead of central bank chair Janet Yellen’s evening speech.
A week after central bank policymakers decided not to increase interest rates at their September meeting, Yellen is set to talk about price pressures at the University of Massachusetts Amherst, which coincidentally is where Welch earned his bachelor’s degree.
“As an industrialist … I don’t think you need it,” Welch told CNBC’s “Squawk Box” in an interview, saying he looks at the world “through a CEO lens of a global player.”
Either way, he said, a quarter point hike in rates won’t “change the world.”
Management expert Welch said the sophistication and the science of supply change management today has been a little-talked about force behind lower inflation.
“The gap between commodities pricing which is down and the selling price, you used to be able to hold on that gap for a while and be able to get the low price from oil and sell the chemical product at a higher price,” he explained. “Today that compression is instant.”
“Industrial companies that are buying copper cheaper,” he continued, “their customers are saying, ‘Give me that copper spread.’ You don’t keep it. You used to keep that, and you’d raise prices, and you’d live nicely. That’s gone.”

Today’s Inspiration

Be Responsible

by Joyce Meyer – posted September 24, 2015

But you are not living the life of the flesh, you are living the life of the Spirit, if the [Holy] Spirit of God [really] dwells within you [directs and controls you]. But if anyone does not possess the [Holy] Spirit of Christ, he is none of His [he does not belong to Christ, is not truly a child of God].
– Romans 8:9

Romans 8:8 declares: Those who are living the life of the flesh [catering to the appetites and impulses of their carnal nature] cannot please or satisfy God, or be acceptable to Him. God wants us to enjoy the good life. Here He is saying to us, “If you walk in the Spirit, you will reap blessings from the Spirit-controlled life both now and hereafter.”

Be responsible for your choices today. You cannot choose to live in the flesh, and still expect everything to work out well. Choose to be obedient to the leading of the Holy Spirit.

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