The Fed is out of touch

Hey There,

I feel like I have been talking about Fed policy and taxes and Washington, D.C. a lot more than I want to lately.

You know me: there's nothing I'd rather do than ignore all the noise, read a chart, talk about a potential trade, and go hang out with my kids.

But lately, there has been headline after frustrating headline from the elites in the government that just seem so out of step with the real experience of everyday Americans.

And I saw a whopper of one yesterday that got the hair on the back of my neck standing up, so I thought I'd talk about it here…

Chairman Powell, the guy who supposedly controls the monetary policy that is going to move the markets and affect our day-to-day livelihood, called inflation "frustrating."

Well, I would say inflation is a heck of a lot more than "frustrating" for the people who are seeing their grocery bills inflate by 20%, 40%, even 60% or more around the country.

Prices for everything are going up!

One of my colleagues told me he ordered a sandwich at Subway for lunch the other day. Remember "$5 Footlongs?" Well, this week, a sandwich and a drink cost him $13!

That may seem like a silly example, but those prices add up over time! And think about what that does to a couple? To a family of four?

Those are life-changing consequences of inflation, and yet the guy whose job it is to supposedly control that calls it "frustrating."

That made me so mad.

And let me be clear: this isn't a partisan thing. Cus that's not partisan. It's not the Democrats vs. the Republicans. It's the elites vs. us!!

Remember, this is the same Fed Chairman that served under President Trump, and it makes no difference to me who he's serving under now because this kind of talk is just out of step with everyday people's lived experience.

Now, let me take a breath. Because I can rant and rave all day. But you probably want solutions!

Start here: study a stock chart today.

Just one. Any old stock will do. Maybe wait to see what stocks are breaking out early in the morning, and look into one of them.

See if you can understand why they're surging, or if you notice any patterns in the chart that tell you about the future of that stock.

The government may send you a check occasionally, but it isn't going to come help you learn how to be more independent.

That's what we're here for! And in the last few months of this year, I am going to recommit my entire team to helping you prepare for whatever's ahead, whether it's "frustrating" or not.

Chat soon,

Markay

Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. You may lose more than you invest. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. The information on this website is intended as educational in nature and we do not recommend that you buy or sell any specific financial instrument.

At MarkayLatimer, we are strongly committed to protecting your privacy and providing a safe online experience for all of our visitors while offering a high-quality user experience here at www.MarkayLatimer.com. We know that you care about how the information you provide to us is used and shared. We have developed this Privacy Policy to inform you of our policies regarding the collection, use, and disclosure of Information we receive from users of the Website. Markay Latimer owns & operates the Website. This Privacy Policy, along with our Term & Conditions, governs your use of this site. By using www.MarkayLatimer.com, or by accepting the Terms of Use (via opt-in, checkbox, pop-up, or clicking an email link confirming the same), you agree to be bound by our terms and this Privacy Policy. If you have provided personal, billing or other voluntarily provided information, you may access, review and make changes to it via instructions found on the Website or by emailing us at help@MarkayLatimer.com. To manage your receipt of marketing and non-transactional communications, you may unsubscribe by clicking the "unsubscribe" link located on the bottom of any related email from the Company. Emails related to the purchase or delivery of orders are provided automatically – Customers are not able to opt out of transactional emails. We will try to accommodate any requests related to the management of Personal Information in a timely manner. However, it is not always possible to completely remove or modify information in our databases (for example, if we have a legal obligation to keep it for certain timeframes, for example).

The Fed is out of touch

0 Response to "The Fed is out of touch"

Post a Comment