I read last week about the amazing half-million-plus jobs growth in January 2023. What great news! Or perhaps not. Maybe it is little more than an opinion. Or possibly a lie, or even a damned lie, or worst of all – a statistic. What is the difference between these, if any? And why does it matter to us normal folk?
The U.S. Federal Reserve Bank is hiking interest rates to reduce the currently high inflation rate. They also – sort of, maybe – stopped the money printing that causes inflation. Will it work? Will the Fed give up and reverse its direction? Economic crash, or hyperinflation, or both? Nobody, including the Fed, really knows. Huge impact on us normal folks. What if anything, can we do?
End of the world – yet again? More accurately, it is truly the end of the world as we knew it. Enormous changes globally are underway. A new world order is being created. Of the many changes facing us, those related to supply chains and shortages may have the most immediate impacts. Vital to know what these are even if you can’t do much about them.
Inflation seems to be at the top of many folks minds these days. Prices going up on almost everything essential – food, fuel, housing. Economists define “inflation” as a sustained general increase in price levels – affecting virtually everything, but they classify price increases in relatively few items as simply local market price situations, not inflation. What is the inflation that we have today?
