'Tis Only My Opinion - August  2022 - "Who is in charge ..." is now available.

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Since 1965 ...

Current Outlook

"Watch Out below ...."

According to President Biden and his advisors, the economy will slowdown but will quickly recover.  After all, the official government data shows that the economy is managing inflation and unemployment is under control.

Of course, Shadow Government Statistics suggests that the real world is somewhat different. It should not be amazing that changing the way data is calculated will change perceptions.

For example ...

. Inflation is rising at 17% not 8%.

. The unemployment rate is not 3.46% (U3) but actually about 24.4%.

. Q2 2022 GDP  did not grow 2.6% but was a negative 2.6%.

Thanks to the Russian sanctions, energy problems will be critical to the world economy this winter.

World food production is also facing shortages.

Following Powell's Jackson Hole speech, the market indices were battered probably putting an end to the bear market rally.

Remember -- "Only purchasing power counts!"

Setting definitive action points for held positions will be key to retaining profits in this market.

It is difficult to find long-term trading opportunities with the future so uncertain.

Be careful ....We live in interesting times but safety in your investments should be a major concern going forward.

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

Fred Richards
August 30, 2022

 

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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