Episode 97 - Inflation, Interest Rates, Things Suck, and Peter the Great’s Beard Tax (Tom Kemler)

Welcome to another Weekly Market Update with Tom Kemler. In this episode Tom and Jeff discuss

1. MIT follow-up from last week. Elon vs Biden. Elon’s “Super Bad Feeling” about the economy has shown to be true.
2. Biden completely out of touch saying that “American’s feel financially comfortable” since he took office. Personal savings rates have dropped off the chart and credit outstanding has gone up significantly.
3. Consumer Sentiment is at the lowest it has been recorded.
4. Fear and Greed Index still in the Fear range.
5. AAII Bull Bear Spread is at one of the lowest points in history.
6. US Import demand is dropping off a cliff.
7. CPI the highest in over 40 years.
8. Walmart, Target, Best Buy and other retailers are seeing inventory build.
9. Jobless claims seem to have bottomed out and are increasing.
10. Ten year treasury is now back up to its high point this year.
11. Most Interesting Thing: Biden approval rating at an all time low.
12. Most Interesting Thing #2: Peter the Great’s Beard Tax

Tom Kemler is the Chief Business Appraiser at BKA Business Consulting and BKA Wealth Consulting. Tom is a Chartered Financial Advisor (CFA), and a Certified Valuation Analyst (CVA). Tom has over 30 years of experience valuing companies and studying economics.

Jeff Kikel is the host of the Money Trekker Podcast and has hosted several other Podcasts and YouTube Shows. Jeff is an entrepreneur and owns several companies in the Finance, Coworking, Media, and Publishing industries. Jeff is also the author of 6 Finance, Retirement Plan, and Entrepreneurial areas books.

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