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Archive for October 17th, 2023

Posted by Martin October 17, 2023

Consumers are spending like crazy but complaining about inflation.

If you go to social media like Twitter or Reddit, you will find many people posting about high inflation and how we are being lied to by the government. The narrative is that inflation is a lot higher than we are being told. Not 2%, 3% or 4% but 75% (let’s ignore for now that Continue reading →

Posted by Martin October 17, 2023

Choppy market but we may end up higher today

Morning started lower and I expect choppy market today. Media (this time Reuters) are again telling us: “Wall Street’s main indexes opened lower on Tuesday as hotter-than-expected retail sales data stoked worries U.S. interest rates could stay higher for longer, with the Middle East conflict further denting sentiment.” Once again, worries, fear, shivering is driving Continue reading →