By Lane V. Erickson @ Shutterstock.com
Happy Monday. Are you paying attention to the “transitory” inflation? How much more did you pay this year for your Christmas tree? How about your turkey on Thanksgiving? Inflation is always a monetary event of too many dollars chasing too few goods. But the fact that the Fed has called inflation “transitory” (not anymore they’re not) is a joke.
Take a look at this chart and you tell me if the destruction of the dollar was ever transitory.
Action Line: Even if it’s the same U.S. President on your dollar bill, its value is hardly what it used to be, and this is not transitory. It’s what the government does. Need a plan? Let’s talk.
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E.J. Smith - Your Survival Guy
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris.
Please get in touch with E.J. at ejsmith@yoursurvivalguy.com
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