Ok, let’s start with a lesson in economics. A healthy economy is an economy that continues to increase its output without staggering inflation, and with adequate employment and sufficient wage growth. We currently have ALL of that here. So when you see headlines that complain about interest rates not being reduced–you’re not hearing the cries of 90% of your neighbors. You’re hearing big money investors who want MORE. The key here is the political implication that somehow our economy is failing us so we should be unhappy–and therefore, blame Joe Biden….at least, that’s the subconscious message. DON’T BUY IT!!!!! We’re not saying that Bidenomics is an unchallenged success. But our overall economy is employing every adult who wants a job, unemployment claims are down, inflation is headed in the right direct after dropping by 2/3rds in the past year. The recession everyone (but us) predicted NEVER HAPPENED. So while interest rates cannot be reduced because the economy is humming along at a record pace–DON’T ACCEPT THE POLITICAL ANGLE THAT YOU SHOULD OBJECT!!! Remember, this is an election year and negative headlines by biased media are everywhere. Ask yourself “is my 401 (k) growing? We suggest you read other postings today to see how media stirs the muck.
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