The Prudent Perspective – Q4 2021
I’ve been down this road beforeAnd yeah I skidded but forget it.~ Drake Familiarity Breeds Acceptance 12 months ago the world exhaled a collective sigh
I’ve been down this road beforeAnd yeah I skidded but forget it.~ Drake Familiarity Breeds Acceptance 12 months ago the world exhaled a collective sigh
For the last year and a half, concerned about the US economy’s ability to sustain itself through a catastrophic pandemic, the Federal Reserve placed training wheels on the US monetary system that came in the form of a zero interest rate fed funds target and a quantitative easing (QE) program that involved the purchase of $120 billion of treasury and mortgage bonds monthly.
After closing the first half of 2021, we are beginning to get a glimpse of some of the unintended consequences that may lie ahead following the unprecedented measures taken to address a once-in-a-century pandemic.
Normal is an illusion.What is normal for the spider is chaos for the fly. Morticia Addams Changes in the Patterns The concept of normality is
“It is during our darkest moments that we must focus to see the light.” – Aristotle In May of this year, the New York Times
“Every now and then it helps to be a little deaf” – Ruth Bader Ginsburg On March 4, 1933, Franklin D. Roosevelt was sworn in
“You, me, or nobody is gonna hit as hard as life. But it ain’t about how hard ya hit. It’s about how hard you can
All of us, at some time or other, need help. Whether we’re giving or receiving help, each one of us has something valuable to bring
“Well, I’ve been ‘fraid of changin’ ‘cause I’ve built my life around you. But time makes you bolder, even children get older. And I’m gettin’
“Fear is a force that sharpens your senses. Being afraid is a state of paralysis in which you can’t do anything.” – Marcus Luttrell Overview