There’s an old Wall Street saying that the cure for high prices is… high prices. That’s because when prices are high, competition comes into play and customers seek substitutes. Recent inflation data showing a jump in home and car prices (both new and used), is also leading to potential buyers to hold off on making a purchase.
That could reduce demand enough to keep prices from heading higher in those areas. A slowdown in governmental assistance to the economy in the form of stimulus checks and high spending may also help nip this rising inflation in the bud. The downside? Holding off on spending and government assistance tends to result in a slowing economy. That’s not such an easy trade-off after all, and why most economists and politicians support some small amount of inflation.
Gold currently at $1,893.74, silver at $27.70
Now here’s the rest of the news:
You’ll Never Believe the Tax Rates Billionaires Actually Pay –Paul Kiel, Jeff Ernsthausen and Jesse Eisinger,ProPublica
IRS documents revealed the richest 25 Americans pay a tiny fraction of their wealth in taxes. Even if you use income to compare, billionaires still pay very low rates… [Read Here]
June 14, 2020
Here’s to a better YOU … and now … Today’s DarrenDaily Recap Sunday. A collection of the weeks videos from Darren Hardy. Enjoy!
Describing its beauty!!! White lighthouse on the coast of Newfoundland, Canada
Oh yes… Happy Father’s Day!
June 14, 2019
Says it all…