We tend to overlook the unpleasant fact that bear markets happen. Because they cannot but mirror the excesses of gluttony that have preceded them, it is a certainty that very lean times are coming.
The latest bipartisan budget scheme includes no spending cuts. So once again, deficit hawks are left feeling betrayed – not to mention alarmed at the country’s worsening fiscal trajectory.
It's estimated the Social Security trust fund will be fully depleted in 2033, leaving the system fully dependent on current tax revenue. No one has any idea how that will go.
I continue to stand by my prediction the Fed will tighten until MORE things break, and will grind us right down into that recession that is now upon us like a heel on a cigarette butt.
In other words, all the noise is about how much inflation was falling each month nearly a year ago while it is not falling at all right now and would have even risen if energy hadn’t experienced a sudden drop!
