Hennessy's View

Share this post

The Stock Market

www.hennessysview.com

Discover more from Hennessy's View

I see things and tell people about them. Unabashedly MAGA.
Continue reading
Sign in

The Stock Market

Bill Hennessy
Apr 19, 2005
Share this post

The Stock Market

www.hennessysview.com
Share

Undoubtedly, high fuel costs in their 3rd year (and 4th of 5) will drive up costs overall. But the Fed is promising to attack inflation aggressively. It’s no surprise, then, that wages are falling (against cost of living).

The reduced disposable income numbers has hurt sale of snack foods, candy, soft drinks. The Dow is about to dip below 10,000.

Perhaps the Fed needs to allow cash to rise to levels consistent with the real cost of fuel. By my calculation, that’s a 25 basis points cut and throwing in some cash to boot.

Share this post

The Stock Market

www.hennessysview.com
Share
Comments
Top
New
Community

No posts

Ready for more?

© 2023 Right Press LLC
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing