Tag archives: inflation
We think about money constantly. How to get it, how to keep it, and how to spend it. This is the human condition whether you are rich, poor, or just doing ok. This article is about the problem of keeping your money in a world of inflation. The Federal Reserve, the U.S. Treasury, the President, […]
Here at the Montecito Journal, we have long believed in offering a variety of views, letting each side have its space to speak. In light of the upcoming election, two of our longtime contributors have written in on what they think you should consider when heading to the ballot box this November 8. With Rinaldo […]
Here at the Montecito Journal, we have long believed in offering a variety of views, letting each side have its space to speak. In light of the upcoming election, two of our longtime contributors have written in on what they think you should consider when heading to the ballot box this November 8. With Rinaldo […]
High inflation, risk of recession, war in Europe, a crypto meltdown, and interest rate increases pushed stocks into a bear market (down over 20% from peak) in Q2 2022 – Bond markets continued the worst drawdown on record, hammered by inflation and higher rates – Diversified portfolios slammed by simultaneous declines in asset classes Market […]
A macroeconomic argument circulating during World War II stated that the nation couldn’t afford both “guns and butter,” pitting the costs of waging war against luxuries like silk stockings and abundant food choices like creamy milkfat. In fact, this saying originated decades earlier, with the passage of the National Defense Act of 1916 as the […]
I look forward to reading the studies that the Montecito Water and Montecito Sanitary districts have jointly commissioned, one by Carollo Engineers to evaluate recycling options and the other by Raftelis to explore the pros and cons of a business case for district consolidation. The need for recycled water supplies is rather self-evident. The self-evident case […]
Most folks are feeling significant pain at the gas pump and the grocery store these days. Remarkably, the cause for that “pain” is the same for both – inflation. The question is, should we all be worried about that issue in isolation, or should we focus on the economic fundamentals that underlie this spurt of […]
Inflation is on everyone’s mind these days. Currently running at 6.2% (4.6% if you strip out food and energy), inflation is at its highest rate in many decades — since 1990 to be precise. And, although that number is unacceptably high, a historical lens can put things into perspective. From the early 1970s to the […]
James Carville famously coined this phrase in 1992 as candidate Bill Clinton campaigned for president. He hung it (together with two other “targeting” phrases) in the Clinton “War Room” where that campaign was planned and executed. It turned out that the recession of 1992 was just the boost that Clinton needed to unseat then-President George […]
We are deeply dismayed to learn that Das Williams is seeking an appointment to the California Coastal Commission for the Central Coast. A controversial supervisor synonymous with Santa Barbara’s much-contested cannabis ordinance, Williams was barely able to retain his position in 2020 (even with the political and financial muscle of the cannabis industry). Indeed, there […]
