Freedom Exiled
Hang on a minute, a 4% interest rate with a 10% inflation rate means a 6% LOSS of purchasing power. And this is a good deal??? Blithering idots or Con Artists? You pick. Even with roaring inflation, there’s a glass half-full approach to the issue that can ease the sting. One positive: six-month Treasuries…
Billions of dollars of wealth destroyed, millions of Americans out of work, and all the politician can manage is being “troubled”? You have been screwed by Uncle Sam, America! ‘Deeply troubled’: Lawmakers challenge Fed’s inflation war By VICTORIA GUIDA and KATE DAVIDSON 11/07/2022 08:00 AM EST Editor’s note: Morning Money is a free version…
Ain’t it great how the media outlets like to quip about us little people? CNN’s Fredricka Whitfield quipped on Sunday that Americans will have to reduce their portion sizes on Thanksgiving because of high inflation. “It seems like we’re all gonna be eating smaller portions if anything,” Whitfield said in response to reports of higher…
You already know that inflation is taking a bigger and bigger bite out of your wallet. Now, it’s going to affect the size of your paycheck in 2023. Even if you get a sizable raise next year, you won’t necessarily take home more money. Many ingredients are baked into […] Click here to view original…
U.S. households have an extra $1.7 trillion in savings, according to estimates by the Federal Reserve. Washington’s response to the pandemic left household and business finances in unusually strong shape, with higher savings buffers and lower interest expenses. It could also make the Federal Reserve’s job of taming high inflation more difficult…. Click here to view…
