Fed's Beige Book: "Economic activity expanded slightly"
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Fed's Beige Book
*Overall economic activity expanded slightly*, on balance, since late
February. Ten out of twelve Districts experienced either slight or m...
2022-03-24
Good-Bye Good Life
Americans benefited from a strong dollar, low commodity inflation and rising asset prices over the past decade. Part of the "good life" in the USA is ownership of expensive equipment or luxury items such as ride-on lawnmowers, speed boats, RVs, jet skis, backyard pools and 4-wheel vehicles. As inflation cuts into consumer budgets, I expect sales will collapse.
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