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Dragflation
A combination of a dragging economy and inflation is Dragflation. But there are benefits. Our economy is dragging. With about 40,000 layoffs1 for 2022, the US recession is here. With these employee layoffs, more companies will announce more automation with robots and artificial intelligence (AI). We see this currently with Amazon Q2 earnings as they…
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$100,000 Bills, Bank Accounts, & Inflation
During the Depression of 1934, the US issued a $100,000 gold note with President Woodrow Wilson on the front. It was used for Federal Reserve transactions. When the value of the US Dollar is in flux, how do you ensure your money is safe? During inflation, a long term bank savings account may not be…