According to Lacy Hunt and Van Hoisington, analysts from Hoisington Investment Management (a Texas-based investment adviser) consumers in the United States account for two-thirds of US GDP. 'Consumer spending is funded either by income growth, more debt, or some other reduction in saving. Recent trends in each of these categories, do not bode well for this critical sector of the U.S. economy,' they write. They expect that the expected December federal rate-hike will put upward pressure on the short-term interest rates causing inflation to fall, pushing long Treasury bond yields lower. This view flies in the face of most other current views on inflation. To read more, click here.