This Program is Brought to You By The Federal Reserve and The Party of Chaos

The "Party of Chaos" is a term used by James Kunstler to describe the current Democrat Party.  I am a long time reader of Kunstler's work and he is, by his own admission, an individual who has in the past voted Democrat.  Not today's Democrats, long ago and far away Democrats, you know, the ones who had not gone bat shit crazy.  Your Grandpa's Democrats (Tip O'Neil types).  I think that the "Party of Chaos" should be inclusive of some Republicans as well.  The neocons like Cheney and Rumsfeld and grifters like Paulson could be lumped into that group.  The rubes like "W" who go along to get along are too stupid to be true "Party of Chaos" members.

The Federal Reserve is scheduled to increase quantitative tightening in September.  Borrowing money will become a little more expensive.  I don't expect inflation at the grocery stores to abate anytime soon.  Fuel costs may fluctuate greatly in the coming year.  The bear market rally in the stock market will fizzle.  Plain vanilla savings account interest rates and the rates on certificates of deposit will increase, albeit at a glacial pace.  Money market accounts will begin to pay a meaningful dividend.  My own has increased the daily payout by 50% compared to a year ago.  It will be a long slow road back to some degree of normalcy and along the way, there will be winners and losers.  

Spring is over.  Summer will be giving way to Autumn soon.  My large oak trees are beginning to form acorn clusters.  Autumn will give way to Winter, as it always does (never mind what Greta Thunberg tells you).  Those who are over indebted and who have not prepared are going to be facing a very cold winter.  They may be facing several long winters in the coming years.

"Without some sort of assistance, it’s inevitable the Lehigh Valley’s eviction issue will worsen, Lori Molloy, executive director for North Penn Legal Services said. She said 3,204 evictions were filed in Lehigh County as of June, more than two thirds the total number evictions filed in 2021.

“If that pace continues then we’re on track to be fully at the same level of evictions as we were pre-pandemic, if not higher,” she said.

One issue that will undoubtedly contribute to a higher demand for housing and rent assistance is the rising cost of living. The Lehigh Valley was ranked among the most overpriced rental markets in a May study and a report by the Housing Alliance of Pennsylvania reveals the region’s supply of affordable housing falls substantially behind its demand."