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Everyone has a plan until they get punched in the mouth. If you haven’t seen a video this one from a drone ) of the destruction in the South and Midwest, especially Kentucky, take a look. The loss of human and animal life is terrible, and it will take years to clean up and rebuild the communities. (Many in our industry have had some good years; The Better Business Bureau has a list of charities in those areas that can help.) The tornadoes that struck a few days ago were predicted, but due to a few reasons the fatalities were high. Shifting our attention, who predicted these inflation numbers that we’ve seen in recent months? Certainly not the Fed. These sky-high numbers remind us that, as Dr. Michael Fratantoni puts it, “All forecasts are wrong but some are useful.”

United statesFreddie macLori brewerNeil armstrongMarcia griffinDavidm dworkinDustan haycockCharles loweryMichael fratantoniNora guerraGinnie maeDanny gardnerBetter business bureauEuropean central bankNational housing conferenceUs federal open market committee