The April edition of the American Legion Magazine had an interesting article about wages and inflation. Last year, average wages rose by about 4%, which was the highest wage increase since 2008, while inflation was up 7%, which is the largest in 40 years. Mark Zandi, Chief Economist at Moody’s Analytics, was quoted as saying: “I do think inflation is peaking.” He bases that, in large measure on the fact that nearly 25% of the rate of inflation is caused by shortages in new and used cars, while on normal purchases excluding the volatile commodities like food and energy costs has not gone up nearly as dramatically.
Well winter certainly snuck back in on us last weekend, didn’t it. It better not happen again. I’m tired of cold, heat bills and dismal mornings. Time for spring and
Alan Dowd documents some problems with China in The American Legion Magazine of December 2020, and I liberally quote from the article. The COVID 19 pandemic has highlighted the adverse impact on the world attributable to China’s domination of the.