First and foremost, I apologize for any confusion with the efforts to get some money flow to Santa Mike at Marillac St. Vincent Family Services. I put in the wrong contact/email for Mike Sturch (mikees@sbcglobal.net). Mike has been raising money to feed the hungry, clothe the naked and educate the inner city youth in Chicago providing pre-school programs to raise the level of learning for those suffering at the lower rung of the socioeconomic ladder. Every dime goes to meet the needs and my friend Mike has been doing this for more than 50 years. Today’s inflation is situation is creating extra stress for those in need. Thanks for your indulgence.
On Wednesday, Jerome Powell spoke at Brookings and his speech, plus a strong Q&A session, was comforting enough for Wall Street that the FED would be moving to slow the pace of interest rate rises. THIS IS NOT A PIVOT BUT A POTENTIAL PAUSE. If the FED slows the pace of hikes while real interest rates on short-term money are still NEGATIVE, well then myriad asset classes are deemed investable.