If you didn’t catch the late starting and rather painful to watch oversight committee briefing, you didn’t miss much.
Of course your run of the mill politicians were all spewing about how the current interest rate hikes are hurting their causes.
Most of which consisted of climate change and racial equality.
The last time I checked, the earth is a ball of fire burning at its core and I can’t recall the last time I was treated any better than any other skin color or racial ethnicity.
So to say the least, it was aggravating.
But down to business, the inflation issue has not been resolved. Perhaps it’s been “absorbed” but certainly not contended with.
Has the pace of goods and services rising slowed down? Yes. Has it remained elevated to a point that still makes the average American struggle monthly? It most certainly has!
The average Joe on your block looks like he’s doing pretty good as you drive on by and throw him a wave. But you can bet, there’s some aspect of his life that he’s feeling the pinch.
And I don’t care how well off they were, there’s a greater than not chance that their cost of living has outpaced their income.
Let’s just say there’s some who could keep up with the inflation. And I’m not talking about the uber wealthy, let’s say upper middle class.
You don’t know what kind of health issues they’re battling, costing them a fortune to sustain or even costing them the time and resources they need to earn a living.
Lets face it, the quality of life in America has diminished for the gret population since the Chinese spread, Covid-19 Virus ripped across the globe.
Have some done better? Yes, but a very small percentage of folks.
Much like the stock market, many would look and think that everything is grand. When in reality, the only thing grand is a handful of the most heavily weighted stocks in the averages.
Look, we can bitch and moan about all of it, or we can do something about it. I choose the latter of the two and if you do as well, perhaps you’d like to join me in my quest as I help as many retail traders succeed in the market as humanly possible in this lifetime!