Congress has decided that, since they have worked so hard since their last recess over the July 4 holiday, they’ve gone home until sometime in September. I guess it’s good work if you can get it. The good news is that we don’t have to face another $2- or $3 Trillion-dollar stimulus package, until at least then.

The one question I seem to get a lot is , “That with all the money being printed, what about inflation and the national debt?” The attached article about printing money and inflation is, what I though, a pretty good tutorial about what’s going on and what the impact might be.

In the meantime, Americans continue to go about their business as best they can. Our state, NC, remains mostly shut down but other states are having various degrees of success in moving forward. One clear sign is that retail sales continues on their winning streak as the attached article illustrates. So, if you remember all the different letters and shapes we had to learn, retail is acting like a V in it’s recovery.

The 3 major indexes were all relatively flat last week and the Presidential election is now in full swing with Biden’s choice of Kamala Harris as his vice presidential running mate. Stay tuned as we slog through the next 3 months of election…whatever. TV commercials, emails, mail and robocalls will swamp us as both sides try to win over the few of those that haven’t made up their minds yet.

I will continue with my philosophy that I don’t make predictions, I’m not sure how and where this is all headed but I will be focusing on what I can do and what’s important in life. As always, should you have any questions or wish to talk and/or meet with me, please don’t hesitate to email, or call.

Doug Alden

Link to article one…
Link to article two…

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