“Transitory” lasts longer than it used to

“The best economic minds in the world have determined that the inflation we are experiencing, while uncomfortable, is transitory. It won’t last long. It will simply go away. But that hasn’t happened. In fact, it is getting worse. At some point, the Fed is going to have to acknowledge that its forecasts were wrong and that the inflation is not transitory.”

– Jared Dillian, senior editor at Mauldin Economics, in a 9/23/21 post. He believes the Fed will be slow to acknowledge that inflation is not going away and it will be slow to raise interest rates. Read more at bit.ly/3i4Lgi2.

“Be on your guard against all kinds of greed”

“It’s not hard to make money in the market. What is hard to avoid is the alluring temptation to throw your money away on short, get-rich-quick speculative binges. It is an obvious lesson, but one frequently ignored.”

– Burton G.
Malkiel, author of A Random Walk Down Wall Street. He was quoted by Schwab Chief Investment Strategist Liz Ann Sonders in a 9/20/21 post in which she looked back on her 35-year career and reflected on the people and ideas that have shaped her views on investing. Read more at bit.ly/3ua7qUX.