Commentary for the week ending 07/17/2021
I am so glad that those poor families making only $150,000/year are receiving their first childcare credits! Another example of government largesse gone wild. Despite the paradoxical drop in bond prices, I think we are on the road to inflation, or maybe, as a Barron’s commentary said this weekend, the “stagflation” of the 1970’s. “Stagflation”, for those you unfamiliar with the term, is inflation without growth.