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<\/p>\nThe way you kill inflation is to kill the economy.<\/p>\n
Inflation happens when there’s more demand than supply.<\/p>\n
if you raise interest rates, then people won’t borrow so much and hence will buy less. So prices (and inflation) will fall.<\/p>\n
Economists call this the monetary approach to inflation. They never address supply. That’s always a given.<\/p>\n
Today it’s not.<\/p>\n
As bottlenecks ease and factories ramp up, supply will increase. That should ease inflation.<\/p>\n
The stockmarket is not loving the high inflation numbers of the producer price index, which jumped 9.6% in November.<\/p>\n
Personally, I think the market is over-reacting hugely. But not one that’s very pleasing. I’ve “lost” the equivalent of nice small house in recent days. Fortunately, it’s still the bank’s money.<\/p>\n
My prediction is that we will have a Santa Claus rally and it will recoup some of my lost house, at least the front porch.<\/p>\n
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My friend, Fred B., says hope is not a strategy. But neither is selling everything and buying it back when the stars are aligned.<\/p>\n
I’ve been there, done that. It doesn’t work.<\/p>\n
The Fed is meeting today and tomorrow. It will report publicly tomorrow afternoon.<\/p>\n
Some useful stuff<\/strong><\/span><\/p>\n + “I have been using Costco online<\/strong> <\/a>a lot more lately than Amazon .. free shipping and good quality selections.” — reader T.S.<\/p>\n + Alexa will play Taylor Swift’s “Shake It Off<\/em>.” Whenever your favorite stock falls or you lose at tennis, it’s soothing to hear “Shake It Off<\/em>.”<\/p>\n + Dictate your brilliances to the new iPhone 13. You’ll be blown away with its speed and accuracy.<\/p>\n +\u00a0 Hold down “space” on your iPhone. Bingo, it turns into a mouse pad and lets you move your cursor around.<\/p>\n + Anker conference phone. Six mikes, great for zoom calls in a conference room. $129.<\/p>\n I remember when devices like this used to cost thousands. Click here.<\/strong><\/a><\/p>\n How was the Tesla?<\/span><\/strong><\/p>\n From Al Moran or the Moran Group:<\/p>\n The pick up was back breaking, so I had to keep it on \u00a0\u201cChill\u201d.\u00a0Even on \u201cChill\u201d, I could zoom out of difficult traffic situations.\u00a0No gas stops.<\/p>\n It could park itself perfectly.\u00a0I could ask (on my iPhone) where it was, and a map would pinpoint its location.<\/p>\n The screen was new for me, but very useful.\u00a0The sound system was great.<\/p>\n Plugging it in was much easier than filling it up.\u00a0The key was a card.<\/p>\n The map on the screen was big and very useful.<\/p>\n When I approached the car, it would feel that I had the right key ( card) and it would be open.<\/p>\n Girls would approach and ask \u201cif I liked my Tesla\u201d (nice even though I am married).<\/p>\n Warm regards and Happy Holidays, Harry<\/p>\n You think today’s market is bad?<\/strong><\/span><\/p>\n Check out Turkey. Here’s a Gatestone Institute piece: Economic Turmoil Shaking Erdo\u011fan’s Throne.<\/em> Click here.<\/strong><\/a><\/p>\n The Washington Post’s research<\/strong><\/span><\/p>\n Long covid is destroying careers, leaving economic distress in its wake<\/strong> You really don’t want Long Covid. Get your booster. Say masked.<\/p>\n For the depressing Wash Post article on long covid, click\u00a0here.<\/strong><\/a><\/p>\n Last Saturday Night Live was fun<\/strong><\/span><\/p>\n![\"\"](\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2021\/12\/Anker-Conference-PHone.jpg\")
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\nSuffering from debilitating exhaustion and pain for months, patients find themselves on food stamps and Medicaid<\/p>\n