For now. There’s likely to be several more basis point increases by the end of 2023.
The Fed takes a posture of rates hanging around current or slightly higher numbers for several years before any consideration to pull back.
They make statements like “… inflation is coming down really significantly.” And it makes me scratch my head and ask, “for who?”
The mere cost of existence is dreadfully painful. As a small business, you do everything you can to absorb as much as possible for the sake of the relationships you’ve spent a lifetime cultivating.
But in the end, if the expenses aren’t passed along, you’re going out of business and won’t be there to serve them when they need you.
So when the Fed makes statements like that, I find them quite ignorant.
They’re missing the Main Street picture, where the blue collar men and women are trying to raise a family and are being priced into poverty.
When the environment wasn’t as challenging as it currently is, I was preparing for this. Not because I knew it was going to happen, but simply because if it happened and I wasn’t ready – it was going to be painful.
Obviously I can’t do it for you, but if I can be of assistance, I’d like to be!
It’s never too late to create a new life, one that can overcome all of this craziness, one that sets you on a better path for tomorrow.
Like everything in life, yesterday laid the foundation for today, and today is framing your tomorrow.
You can be among the masses trying to figure out how you’re going to eat, or you can be among the calm, cool and collected folks laughing at the others. Again, I can’t make that choice for you, but I can certainly help…
Author: Anthony Speciale
Anthony Speciale Jr. Born and raised into a blue collar family in the suburbs of Northern New Jersey, I have in recent years put down the wrenches I’ve been turning for the better part of my entire life and have become a professional energy trader. My mother was a nurse practitioner and my father was an auto mechanic. I had literally watched both of my parents work endless hours with their hands throughout their entire lives and after loosing my mother at a young age to cancer, I had decided I wanted a different future than the path I was currently on. At a young age I was a struggling student who didn’t excel very well academically and college wasn’t really in the cards for me, but I was always a disciplined worker. When I had put my mind to something, there was nothing that was going to stop me from reaching and exceeding my goals I had set for myself. So, as life had evolved, so did my desire for freedom. It was never much about the money for me, but it was about the success and the freedom that accompanied that success. Over a decade ago, I decided to specialize in just one sector of the market. I knew that I only needed to be proficient at just one area of the market to achieve the goal I had set forth. Trade passively while producing massively. Well, that’s exactly what I did. After several years of failed attempts, endless education, trial and error - I had finally yielded myself the success and freedom I was desiring. After making myself over $1,000,000.00 trading this very method, it was time to share my success with those who also desire the freedom I did. After a lot of work, time, effort and sacrifice - Big Energy Profits went from merely a concept into a very real reality.