Quote for Today 12.09.22 AND Scary Charts

There is no mystery to controlling inflation. You just have to stop spending money you don’t have…stop lending out money at interest rates below inflation…and stop ‘printing’ up extra money to cover the holes in your budget. Instead, most governments continue to spend and print. Inflation is on the rise almost everywhere. And for the first time in modern history, much of the entire world’s middle class – the people who make the world work – is facing a grim period of higher inflation and lower real standards of living.

Three Strikes, You’re Out! More on the government’s middle class massacre – Bonner Private Research https://bonnerprivateresearch.substack.com/p/three-strikes-youre-out

But wait…it’s worse in North America.

I’m just thankful I haven’t retired yet.

Scary Charts (the scariest chart of 2021)

https://wolfstreet.com/2021/12/23/oops-americans-big-pay-increases-got-run-over-by-even-bigger-price-increases/

This week I made a donation to the Regional Food Bank of Oklahoma https://www.regionalfoodbank.org/. If you live in Oklahoma please consider a year end gift. There is a $500,000 dollar for dollar match until year end. If you live elsewhere there will be a similar charity you can give to.

End of post.

New House Construction Supply Chain Mess

The inventory of new single-family houses that home builders put on the market for sale rose to 389,000 in October, the highest since September 2008, according to data from the Census Bureau.

Houses for Sale, Highest since 2008, as Construction Costs Spike Most in 42 Years, Projects Stall — https://wolfstreet.com/2021/11/27/whats-behind-the-huge-pile-up-of-new-houses-for-sale-highest-since-2008-as-construction-costs-spike-most-in-42-years-and-projects-stall
Does anyone else see a problem here?