Lyn Alden is so great, but our nation's economic and debt picture sure isn't

 Highly recommend Lyn Alden; she (having a rare combination of an engineer's mind and an economist's training) is a national treasure re unlocking the mysteries of the economy; national debt; the Fed; etc. The Fed is trying to increase unemployment (you read that right), in order to reduce demand, which should reduce inflation. But that will also likely cause a recession.

So if you need to make a big expenditure, it might be savvy to postpone it IF it is the sort of cost that is unusually high now but normally cheapens during recessions (e.g., using contractors to do some construction work). But if the item is subject to inflation (e.g., a new car), it's anyone's guess how successful the Fed will be in controlling inflation, and when you should buy. This entire mess could become painful and ugly. She makes the point that it's like the 1940s again for the US, except this time we are a debtor nation in decline, with a mostly-aged population demanding a heavy load of public benefits. Not good, folks.



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