'Tis Only My Opinion - June 2024 - "Will Biden be the Democrat nominee?  ...." is now available.

Adrich Corporation

Since 1965 ...

Current Outlook

"Election ahead...."

While the Federal Reserve trys to walk a tight rope between interest rates and a rising federal deficit, gold and silver continue to set new highs.

The U.S. economy seems to be going along without a hiccup, but is it really? Retail Sales stink, Manufacturing is in contraction, Factory Orders was tepid at best, wages continue to stagnate, GDP has averaged 2% for a decade, and inflation continues to be sticking around ...

Fulll-time jobs continue to deteriorate while part-time and government jobs increase. A sign that U.S. manufacturing capability continues to decrease.  Do you really believe the Biden jobs data ...

Problems of military esculation on every front from the Mideast, Ukraine, and China and Latin America continue to face a weak and confused Biden Adminstration.

With the current stated federal debt about $35 trillion (about 100% of true GDP) and the GAAP federal debt over $220 trillion, the day of reckoning is just around the corner.

Economic data is revised and methodology changed to present a false picture for the public.

Major U.S. real estate companies are declaring bankruptcy as U.S. interest rates approach 6%. Both credit card and auto loans are looking at increasing delinquency rates.

The growth in credit card debt is greater than the growth in personal income as individuals try to maintain their standard of living.

Do not be surprised if the NASDAQ falls through 8,000, the SPX to 2,500 and the DJIA sees the 25,000 level.

Until the Biden Administration takes seriously the impact of open borders and a failed education system, the outlook is less than rosy.

Remember -- "Only purchasing power counts!"

Remember to ... "Keep It Safe, Simple and Stay Focused!" going forward.

Fred Richards
June 1, 2024 

Fred Richards' has published his 'Tis Only My Opinion articles for many years on a wide range of subjects and many are archived here. The current article is highlighted above.

Mr. Richards is a graduate of SMU and HBS, and a member of Who's Who in the World since 1965.

In 2017, Mr. Richards received the Marquis Who's Who Lifetime Achievement award.

Last updated - January 29, 2017
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