Postcards: Tell Your Wife These Three Little Words
Jerome Powell doesn't appear to have the courage to tell Congress what is really driving inflationary challenges right now. And we're the victims of his inaction.
Dear Fellow Expat:
I think today is the day…
I’m going to tell her.
It’s been coming for a long time.
Those three little words that will drive our future.
Three sobering terms bind our fiscal and emotional bonds.
“Higher for longer.”
Yes, my love, the Federal Reserve will keep rising interest rates higher for longer.
The cost of everything will keep rising due to supply imbalances and the Fed’s poor fiscal management.
Don’t plan on financing any construction projects.
Let’s not think about a new car payment.
Sure, the U.S. government is set to increase the national debt by $5.2 billion EVERY day through 2032.
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