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This Week's Forecasts & Trends E-Letter

Prices Go Up!

March 26, 2024

It isn’t your imagination. Virtually everything costs more than it did three years ago. And with inflation stubborn at about 5%, wages have failed to keep up. Add in decades high interest rates and the average consumer is weaving around like a punch-drunk boxer on his way toward the canvas.

It turns out that shutting down the economy for a year and then spending borrowed trillions to keep it all from sliding into the toilet is economically sub-optimal. What are the odds? A course of action so ill-conceived and poorly implemented that it required the full political prowess of two administrations and both parties.

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