News Analysis: Washington, D.C. Politicians, U.S. Federal Reserve (Fed) Minions, Financial Pundits, and Newscasters around the World have a Convenient Economic Scapegoat to blame: The World’s Weather. Either it is “Too Cold” for Shoppers to Shop (disregarding Internet Shopping) as is the American Excuse or “Too Hot” for Shoppers to Shop (the Australian Financial Media’s Excuse).
The fact that the new ‘Fed’ Chairwoman cannot lower Interest Rates only allows her to flood more Dollars into the American Economy (with abandon). The “Unsupported” ‘Bubble Pricing’ currently in the Stock Markets will feel the effects of “Economic Gravity” in the next few months. The “Blame the Weather” Excuse will no longer be viable and a ‘leg’ of the ‘Three-Legged’ Economic Stool will be kicked out from under.
Many Economists are awaiting another drop in the World Economy: The Four Trillion Dollar Debt of the “Fed” cannot be wisely increased (to ‘shore’ things up); Global Exports are not growing; World Unemployment is over 200 Million people; Public Economic Pessimism is high; and, World Communications (subject to U.S. National Security Agency Espionage) has been dampened by revelations about it.
When all of the aforementioned factors come into play, Politicians will in-adeptly “Blame the Weather” rather than create logical solutions to their World.
Reality.
Reference: http://www.reuters.com/article/2014/02/14/us-usa-weather-economy-idUSBREA1C1YD20140214