America and the World: 2023

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In-Brief

• Better times are coming for us!
• President Biden’s political future is in jeopardy. VP Harris’ political future is also on thin ice.
• It is now accurate to say that the US economy, at least for the short-run, is in “stagnation,” not stagflation. High inflation was caused by the horrible fiscal policies of the Biden administration and the flawed monetary policies of the Federal Reserve. Last week the FED continued to raise rates, a policy mistake.
• Inflation is now slowing for sure. The evidence is strong and clear. The Core PCE inflation measure out on Thursday Jan. 27 came in at less than 3% for the final quarter of 2022.
• The House Republicans are setting up committees to investigate the FBI, DOJ, CIA, and other corrupt federal agencies. Expect political fireworks and numerous surprises.
• Russia is continuing to lose Putin’s War in Ukraine.