Be Careful What You wish For
Mike Tyson said everybody has a plan until they get punched in the face. That's the Fed today.
I recorded this podcast at 12:00 pm Mountain Time on the Ayn Rand Center - UK YouTube network. As usual, you can listen at 1.25x normal speed and get it all. For those who prefer to read, a slightly-edited transcript is attached below.
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Thanks for listening and reading.
HardmoneyJim
Hi Jim. Thanks for another well-planned presentation. What I found most telling was your graph of historical Fed Funds Effective Rates vs. CPI for all Urban Consumers. If history is any gauge, I agree with your opinion that we are not done with rising interest pain. And, this recent increase in equity prices is probably just a head fake! I want to thank you for all the work you go through weekly to pull together your "Finance Friday" presentations. I've also wondered how you are able to get each presentation completed in the span of just a week! Dedication to be sure! I believe most of us over 65 years old are very concerned about the state of the US/global economy and our investments. We are searching for explanations and direction, which we surely don't get from the Fed or current executive branch. You've been a big help in de-mystifying what goes on in the financial world. I appreciate you passing along your financial knowledge. So, while working this week on your next presentation make sure you have time to watch the Astros!! (Of course I know you will.) Thanks again.