Out government has finally admitted that there is nothing transitory about inflation and is now moving to combat it. The only tool they can find in the tool box is to raise interest rates and the effects can now bee seen

Mortgage rates are now about 5% and climbing when they were at 2.5% just a few months ago. The stock market is entering bear market territory just as one would expect with rising rates. Following these events, you can expect consumer confidence to slip as the euphoria over cheap money and never ending stock and real estate increases quickly erodes.

I have said all along that the Fed is way behind and now they must act more aggressively than might have been necessary putting us right on the edge of that awful word: Recession

Our government over the past couple of years has done almost nothing correctly and hasn’t solved a single problem. From covid, shortages, supply chain issues, energy problems, etc. instead of tackling the problems head on they have simply thrown money at the wall hoping that would somehow magically solve the problems.

In our current free speech environment, it is somehow more important to punish someone for saying the wrong thing than it is to enable people to put food on the table or fill their gas tank.

There’s a saying about things needing to get worse before they get better. I believe worse is on the way.