Life, the Fed, and Everything

Yesterday a member of my family was diagnosed with prostate cancer. Somehow, posting just didn't seem to be all that critical. No doubt there will be more about this as we go on. Meantime, thanks for your prayers.

I have an opportunity to do some work for a company called Wineco Productions in Florida. The stock symbol is WNCP. The company has a story I'll be interested to tell coming up shortly, but meantime, do your own research and tell me what you think.

One of our clients closed yesterday on a house she built and will take away from the experience $28,000. For six months' "work". Work which consisted of watching her brother manage subcontractors. This is not an isolated experience, by the way. We'd love to tell you how to go about it yourself. For those challenged in math, this woman now essentially has an annual salary of $56,000. On top of her job.

The bond market is getting seriously skittish. Economic numbers are worse and worse while inflation numbers are higher and higher. Shocking. This is what happens when Keynesian economics is the basis for your monetary strategy. For those just joining us, we've been predicting that the Fed's steady increases in rates would kill off economic development, destroy the recovery, and would have no impact whatever on inflation. We are apparently correct. Today the Townhall.com published an article about this exact subject that makes us think we ought to apply to Harvard for an honorary Masters in Economics. Actually, that jibe falls a little flat, because we are getting seriously concerned here that the Fed is going to throw us into a recession. We don't care about being right. We care that our people - you - are becoming better off. We'd be thrilled to be wrong about all this gloomy predicting about the Fed and the economy. But we aren't.