The October “Simplifying Wall Street…In Plain English” newsletter is live and ready for your reading pleasure.
Here’s an excerpt.
…Ironically (or NOT) the inflation argument is where Washington loses people.
A slower rate of inflation means prices are rising more slowly. But it does not return the grocery bill, insurance premiums, or repair estimate to what the family once paid.
After years of increases, another few percent lands on an already inflated cost of living.
In simple terms we would label this…
Inflation on Top of Inflation
Officials announce progress, and the customer at the checkout wonders where this supposed relief can be found.
Meanwhile, Trump is telling the world that we are in complete control of the Strait of Hormuz and that his deal with Putin for Russian diesel fuel will cause the price of gasoline to fall fast and hard all around the world.
