If you live in the Big Empty, here’s hoping your wallet ... isn’t.
The Fed says interest rates will stay under 0.25% for months to come—after the rate went to zero percent August 2. While a new stimulus bill from Congress is not final, their decision has major impact on the near future.
• Stock markets rally overall, but beware false confidence.
• Covid remains the largest determinant of long-term economic health.
• Brick-and-mortar business suffers; food and service hardest hit. E-commerce doing well.
• Real estate prices hold steady; listings increase this month.
• Gold and silver continue breakout.
• Agriculture supply high, prices low. Supply-chain disruption hurting crop sales. Price discovery still an issue for cattle ranchers.
Let’s all hope for some rain, in the field and in the bank account.
Because the information in this column is based on my personal opinion and experience, it should not be considered professional financial investment advice. Ideas and strategies appearing in this column should not be used without first assessing your own personal and financial situation, or without consulting a financial professional.
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