It’s Friday, things have slowed down a little bit, and I appreciate you taking a break from Wordle to check out today’s Commentary. Here’s a riddle: What’s bad when it is down, just right when it’s a little, and bad when it is too much? Answer: inflation. Inflation is really getting out of hand… That’s my three cents. The math is simple: if you’re earning 0 percent on your savings, the boss gave you a 5 percent raise, but inflation is 7 percent, you’re losing ground . Or perhaps the price is the same, but the size of your Egg McMuffin, Domino’s wing order, or toilet paper roll has shrunk: same thing. Sure you can use small amounts of your savings to cover up expenses like higher gasoline prices, but eventually it catches up. The labor markets are tight, demand remains elevated, and the effects of Covid are highly uncertain. Investors demand a higher yield, and the demand for cash increases as companies need to borro
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