Minuk's Musings and the Election

US Elections are now 4 days away!

 

 

With so much division, it seems as though each side views the other like the AI generated images above – pure evil.

 

I’m a lover, not a fighter and my mission is to bring people together rather than tear us apart.

 

Therefore, I’m going to highlight a major similarity between the two candidates:

 

According to the nonpartisan Committee for a Responsible Federal Budget (CRFB), a nonprofit group that focuses on fiscal issues, both Trump and Kamala’s stated fiscal policies would increase the US national debt by trillions.

 

Why does this matter?

 

Whether it be through tax cuts or increased spending, both parties are making promises that would lead to increased inflation, according to mainstream economic theory.

 

Inflation – remember? The reason that new car was so dang expensive. The reason you burnt a hole in your wallet every time you went food shopping.

 

Inflation – the real Devil.

 

Already this decade we have experienced more inflation than we did for all of the 2010s.

 

While inflation is lower today than it was at its cycle peak 2 years ago, it is worth keeping an eye out for its return, no matter who wins the upcoming election.

 

Hope you have a nice weekend.

 

Rich

Investment Advisor