This is going to be a little bit of a weekly roundup because I haven’t posted in five days. I am sorry about the way, but the start of the school year has been insane.

One of the first lessons I learned was that you just can’t fight The Fed. I may have fallen into that trap by trying to jump the gun. I thought inflation would fall below 3.2% before the end of the year, and it still might, but The Fed will raise rates one more time this year for sure. Even though I stand to lose money from that decision, I still think it’s the right decision. Inflation has to come under control, especially before The Fed starts cutting rates next year. More bad news came when The Fed said they most likely wouldn’t cut rates more than twice next year. However, I wouldn’t put much stock (pun) into that statement from them. I think if the economic situation is right for the opportunity, and I think they will be, they will cut rates drastically.

This isn’t financial news, but that dirtbag senator who took bribes really makes me mad. I hate very little more than a corrupt political official. It is not your office, it is not your power, you are merely the tool of the people. To abuse that power is disgusting to me, and I hope he dies in prison if the allegations are true, WHICH THEY DEFINITELY ARE. They found $430,000 of cash in his house with the fingerprints of a shady Egyptian official who was totally bribing him. To possess so little honor is truly wretched.

The housing market is freezing up completely. Prices will start falling in a few months, they have to. They’re just aren’t enough houses on the market, (1.1 million) and the ones that are on the market are way overpriced. People will stop buying homes because they’re being priced out, and prices will fall. It’s just supply and demand, right now we are at the crest of the wave. Give it until March of next year, and if home prices are still crazy then you can start panicking.

The UAW is expanding its strike. I can’t talk about this topic anymore, mostly because it angers me so much, but it is starting to look like this strike could drag on for a couple more weeks. Companies are holding out, hoping they won’t have to take the beating they’re about to take, but they’re going to have to take their medicine. Good luck with not going bankrupt again GM.

NFTs are completely worthless now. NOOOOOOOOOO, MY MILLIONS OF DOLLARS OF NFTS ARE COMPLETELY WORTHLESS. Just kidding, I’m not braindead, so I never owned any NFTS. If you have ever owned an NFT, do the world a favor and turn yourself into a mental institution.

The Government is probably going to go into a shutdown. A major bummer to be sure, and something that was beyond foreseeable. As I said probably four months ago, I don’t remember exactly when government shutdowns due to political stupidity are inevitable. I don’t even remember what the last government shutdown was about, but we go through this song and dance so much. Just a couple of months ago it was the debt ceiling, and now this. It is a major bummer, but don’t be worried. A government shutdown doesn’t matter a ton for the markets as long as it doesn’t go on too long. If I had to bet I would say the Republicans do cause a government shutdown, and that it goes for, hmmmm, three weeks?

I think that’s everything major that has happened this week that matters, but I might just be missing something. As always, you can just email me if you have any comments or suggestions. You can either leave a comment on this post, send me a message from several of the pages on this website, or just email me at henrybeall07@gmail.com. Thanks, and have a great weekend.