The Fed opted not to hike at today’s FOMC meeting which did surprise us given the recent headline news.
Oil is over $90 barrel.
Amazon plans to hire 250,000 while Target is adding 100,000 and others are adding more for the holiday season.
Economic blogger Wolf Richter has an interesting post about Canada’s inflation problem. As a reminder, Mexico & Canada are the largest trading partners for the United States so inflation over there will mean inflation over here.
The unemployment rate is at 3.8% and we have millions of baby boomers retiring every year.
This begs an important question: Where do we go from here?
Honestly we don’t know but we suspect it won’t end well. Other factors such as student loan repayments, auto loans at all time high with defaults growing, credit card debt at a trillion and inflation continuing to go up is a recipe for total disaster but when that happens is the great unknown.
There will need to be a trigger somewhere and that’s what we are keeping a close eye on to be prepared. In the meantime, we are largely buying 30 day T-bills and taking it month by month while tactically taking some quick profits in oil stocks.
Stay tuned, stay profitable and stay solvent…