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Parisian Family Office CEO. Founder of CHIPPEWA PARTNERS, Native American Advisors, Inc., Registered Investment Advisor. White Earth Chippewa, educated conservative, raised on Indian reservations across Great Plains. Began Wall Street career in 1982. Always been, will always be, an optimist. Pureblood, clot-shot free. In a world on a dopamine binge, this is his take on life. Written at the Ghost Ranch in MT, Pamelot, their TN farm or winter home in San Jose del Cabo, Mexico.

Monday, April 10, 2023

Political Insanity on Display!

The FED called inflation "transitory"!   That is all you need to know about the predictive ability of the Central Bank.

They also failed America on interest rates.   They failed on S & L's. They failed on real estate.  They failed on inflation.  They have failed on maximizing employment.  

For starters, 39% of Americans say they have skipped meals to afford their housing payments And among millennials, that figure rose to 44%. (Among Baby Boomers, it was 20%.)

And now they are going to predict weather?

When J. Powell walks out to a press conference to announce we can easily live with 3 or 4 or 5% inflation it will be the ultimate slap to the American way of life.  There is no credibility with these government employees.  None.

Abolish this institution please.   Just end the Fed.  

https://www.federalreserve.gov/newsevents/pressreleases/other20230117a.htm

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