If you have got to deliver devastating news, you might as well do it in one of the most beautiful places on Earth, right? At the annual meeting of the Kansas City Federal Reserve in Jackson Hole, Wyoming, Federal Reserve Chairman, Jerome Powell, delivered the really, really scary news. In order to reduce inflation, he warned, there will be “pain to households and businesses”. And, the stock market took a dive.
Inflation is on a steep rise, and the Fed’s answer is to skyrocket interest rates. Which leads to those interest rates curtailing ALL economic growth.
I am getting very nervous for many of my new homebuyers. As of January, the average home price in Austin is almost $600K according to realtor.com. When…
The latest financial figures are in, and they aren’t good. In fact, we are all paying more for everyday items thanks to all the stimulus spending last…
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