The Watchdog on Wallstreet Weekly Recap for 11/7/2022

11/7/2022 Elections have consequences, choose wisely

I used to have these gamebooks when I was a kid that I absolutely adored. They were very fun. “Choose your own adventure” was what they were called. It is a sci-fi adventure story and it was great. Essentially, you played a role and read along, reaching a moment in time at which you get to choose how the narrative would go. If you made a poor decision, something horrible would happen to your character, but you could always go back and do it again.

There is an election coming up, and the reality is, this isn’t a choose-your-own-adventure book; the choices we make today may resonate for generations to come. Everything we do has repercussions. This is why it’s important of choosing wisely.

11/8/2022 The word ‘democracy’ does not appear one time in the U.S. Constitution.

It frustrates me to see so many columnists, teachers, and schools and institutions that have no idea how this nation is meant to work. We are not a democracy. I know that we will vote today, but we are not a democracy. 

The word ‘democracy’ does not appear one time in the U.S. Constitution. We have checks and balances that are intended to keep power in check and under control, which is what the founders wanted. Unfortunately, people on the left seem to think that because the constitution was written by old white guys, some of whom owned slaves, we should throw the whole thing out. Do you have any idea what we’ve been able to do in the last 100-plus years?

11/9/2022 Cryptoplosion!

One of my favorite TV shows in the 1980s was the A-team, which starred Mr. T. “B.A.” Baracus and George Peppard as John “Hannibal” Smith. What did he say at the end of every episode, if you remember? “I love it when a plan comes together”.

Well, as you know, you listen to our show, and we tell you what’s going to happen. I don’t like it when the things I foretell really happened because people frequently get hurt. However, we’re currently witnessing another massive collapse in the cryptocurrency market, and a man who was dubbed the “J.P. Morgan of cryptocurrencies” lost his entire fortune. Let me reveal that JP Morgan never lost his fortune. 

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11/10/2022 The real Consumer Price Index

So the CPI number came in a little bit lighter, and because of this, money men at the markets were off to the races again. I took a look at the number, and to be honest, I don’t even think it’s accurate. One of my mentors, professor Jeremy Siegel, mentioned today that if you take into account today’s numbers when it comes to real estate and rentals, it could have been a negative print. However, given the high cost of service, energy, and food, can the Fed fix all of these issues? No, they cannot fix these.

So, again, it makes no sense to keep raising rates when inflation is so high. It’s a supply issue that needs to be fixed in Washington where eliminating regulations and making Trump’s tax cuts permanent might help.

11/11/2022 More on the Consumer Price Index

Last month, inflation slowed down a bit, but prices went up for some of the most important things, like food, energy, and basic necessities. As we’ve been discussing for a while now, the only way the Fed can fix inflation is to tank the economy. I’m not talking about a recession; I’m referring to a deep recession to depression, where economic activity drops so much that those things fall off. 

Again, the Fed can’t fix that. We’re beginning to see ‘dissension in the ranks’ if you want to call it that, but other members of the Fed are saying, “Alright, maybe we could ease up a bit,” which explains why you’ve seen a positive reaction in the markets. I’m here to tell you that it’s OK to be cautious still, as volatility ain’t going away anytime soon.

Whether inflation rises or falls, being prepared is critical. The world is changing so quickly, it’s important to stay ahead of the game. Contact Markowski Investments and schedule a FREE consultation. Allow us to develop your sustainable financial strategy. Contact us today.