David Stockman on Soaring Inflation, Chinese Spy Balloons, and More War

By David Stockman

Chinese spy balloon

Well, at least we are starting to get some clarity. America is not being attacked by aliens and probably not by the Red Chinese, either. However, it is definitely being bombarded by inflation, war fever and, apparently, the Northern Illinois Bottlecap Balloon Brigade (NIBBB).

Let us unpack.

The recent media frenzy about intruders in the skies has gone stone cold silent on the likes of CNN and in The New York Times. Maybe that’s because Sleepy Joe himself has now assured us that the last three intruders shot down with half-million dollar Sidewinder missiles were not sent by the Chicoms, after all.

“The intelligence community’s current assessment is that these three objects were most likely balloons tied to private companies, recreation, or research institutions studying weather or conducting other scientific research,”

Then for good measure, the White House’s always risible press secretary, Karine Jean-Pierre, assured that they weren’t the spawn of extraterrestrial aliens, either. Continue reading “David Stockman on Soaring Inflation, Chinese Spy Balloons, and More War”

Biden Addresses Soaring Inflation, Blames Pandemic, Lies About Wages

Via ZeroHedge

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As his approval rating plunged below 40 for the first time – and is now significantly below that of President Trump at this time in his term – President Biden knew he had to come out and address the fact that despite all his promises, the average American is facing prices on consumer goods rising at their fastest in 40 years.

In a statement from The White House, the president blames the pandemic, says he has lots of tools, empathizes with ‘real stress at the kitchen table’, and then tells a giant fib about wages…

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Soaring Inflation Changes Your “Magic Number” for Retirement

Via Birch Gold

Retirement savers might be staring down the barrel of a rough decade (or two) ahead. That means your magic number, a goal like “saving $1 million for retirement,” could get a lot more challenging, if it’s possible at all.

What’s your magic number?

If you’ve done basic retirement planning, then you have a good idea exactly how much you need saved away in order to live the life you want too after retirement. For example, Fidelity recommends retirement funds of at least 10x your annual income.

The specifics don’t really matter right now. The important thing is, you know what your magic number is.

Continue reading “Soaring Inflation Changes Your “Magic Number” for Retirement”