Fed Chairman Powell tried to convince the public inflation was “transitory”. Eventually, he could no longer ignore reality. The Fed raised interest rates several times and vows to continue to do so, until inflation is stabilized at 2%. As expected, mortgage rates are skyrocketing, the real estate market is tumbling, along with the stock and bond markets. The Party’s Over! […]
» Read moreI published this article five years ago. Sadly, things seem to be getting worse. The message is even more important today. Those who think and act independently will always survive. Today is a real downer. We just finished a wonderful week with our youngest grandchildren. They’re now gone and the house is quiet. That’s not what is causing my mood, […]
» Read moreMy grandfather was a WWII Army Sargent, an uneducated farmer with a Ph.D. in common sense. One of the lessons he preached; the longer you ignore a problem, the more it will grow. Fed Chairman Jerome Powell never met my grandfather. This Schiff Gold article confirms my grandfather’s thinking: (Emphasis mine) “During a webinar sponsored by the Economic Club of […]
» Read moreToday is a real downer. We just finished a wonderful week with our youngest grandchildren. They’re now gone and the house is quiet. That’s not what is causing my mood however. On average I read 3 hours a day to keep up with things. When we have company, I move my daily reading to a “Hold for Reading” file. This […]
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