Between a Rock and a Hard Place
Hey Friends,
The year 2019 is underway. We have seen major turbulence in the stock market for several months now. After a steep move downhill ended abruptly the day after Christmas, we’ve seen a steep move up since that time. Go here to read one author’s viewpoint on the market activity.
A great jobs report came out last Friday followed immediately by more dovish remarks from the Fed with regard to what’s next for interest rates. The Fed’s task is becoming more and more tenuous because the national debt is growing at an unsustainable rate while we’ve been in an extended period of economic growth. The Fed Chairman, Jerome Powell, is concerned about what’s going on with our national debt (Go here). […]