That didn’t last long!
In our last update we said it was nice to see a positive month. But we also cautioned that we should not get ahead of ourselves and expect it to continue. This turned out to be a good call as one can never underestimate the power of incompetent government lifers to further screw things up and cause more turmoil.
Additionally, in our last update we questioned Mr. Fed Chairman’s rational for saying that he believes interest rates, currently at 2.5%, are now at neutral and neither helping or hurting the economy when their own preferred inflation gauge clocked in at 4.8%. And that’s after stripping out food and energy which puts inflation at a disturbing 6.8%. As has become customary with our esteemed and incompetent fed chairman he and his cronies had to spend a lot of time walking back that idiotic comment over the last month. Much like they had to do with the transitory inflation hoax they perpetuated for over a year to justify not doing their job.
Continue reading “August 2022 Financial Update”
We are back with another edition of our campground review series. In this edition we will be reviewing Wrights Orchard Station Campground located in Duncansville, Pennsylvania.
This was our second visit to Wrights Orchard Station Campground as we stayed there a little over two years ago when we took our son to school for his freshman year. Since that visit not much has changed and as far as we are concerned that is a good thing.
Wrights Orchard Station Campground is a small no frills family owned campground located just off interstate 99 and borders the town of Altoona, PA. It is open seasonally from May until the end of October and is in a great location as you can easily drive into town or get on the interstate and go in any direction for hiking, fishing, historical sites or just for some outdoor fun. Just plan on using your vehicle, uber or public transportation as this is an older town and there are zero sidewalks along the streets for walking and traffic moves fast.
Continue reading “Campground Review – Wrights Orchard Station”
Don’t call it a comeback…………………
Another month in the books and market conditions improved, but let’s not get ahead of ourselves and start celebrating the return of the bulls. Sure, it was nice to see the markets move up for once. And they moved up in a significant manner as well. However, we are not even close to being out of the woods on inflation and our economy is slowing down.
Continue reading “July 2022 Financial Update”
Sadly our time in Pennsylvania will soon be coming to an end. It’s hard to believe that we have already been here for two months! While we are always excited to move on to another adventure this is going to be a more difficult transition than usual as we leave here not knowing how much time will pass before we see our son again. It’s feels like a repeat of 2020 when we dropped him off at his dorm for the first time and headed home to an empty house.
Continue reading “Leaving Pennsylvania”
Well, here we go again! It seems that there is no end in sight for the market volatility that has plagued us this year. And rightfully so, as this is the result of the fed failing to do it’s job and our government leadership being grossly incompetent.
This isn’t to say we are not long overdue for a correction or even a recession, because we are. However the runaway inflation freight train, which is the worst part of this whole economic disaster, was 1) mostly avoidable and 2) could have been tempered with an economic strategy based on facts and data followed by doing what’s best for our country and our economy.
Continue reading “June 2022 Financial Update”
Welcome to another edition of our campground review series. In this edition we will be reviewing Sun Outdoors Orange Beach located in Orange Beach, Alabama.
Sun Outdoors Orange Beach is located southeast of Mobile, AL along the gulf coast. We opted to take interstate 10 to state route 59 through Foley, AL instead of paying to go over the toll bridge. The bridge isn’t expensive to take and will save you about 15 minutes. We are in no hurry these days and we are always looking to save a couple of bucks where we can, so the longer route was fine with us.
Continue reading “Campground Review – Sun Outdoors Orange Beach”
After a fews days on the road we are settled into our new spot in Pennsylvania where we will stay for a couple of months. Normally I love being on top of everything that is going on in the markets and with our financial situation, but I have to admit that focusing on driving and enjoying the scenery for a few days was a really nice break. I tend to get overly invested in the market details, trends and financial news. This is probably not very healthy so being away from turmoil for a few days was refreshing and something I should do more often.
As for the current state of the economy, there isn’t really much more to say. Our government failed us, and is continuing to fail us. All we can do is wait to see how everything plays out and take advantage of any opportunities that may arise. Sadly I think we are heading for a recession as we can’t count on an incompetent fed, and an even more incompetent former fed chairman turned treasury secretary, to glide the economy down to a soft landing.
Continue reading “May 2022 Financial Update”