Mixed messages about the economy and our money abound. Last week the United States Federal Reserve said it would continue with their quantitative easing policy. The view is that the strategy has been successfully supporting economic growth, yet they also admit that the growth, while steady, is at a much slower pace than anticipated. Meanwhile, there are many folks not feeling the benefits of our growing economy.
Is economic egalitarianism in our future?
Recently, the United States stock market experienced an impressive rally. The pundits are all over the map with their advice to consumers. Depending on whom you read, listen to, or watch – you have been warned not to invest in the market because it’s currently overvalued; or you’ve been encouraged to buy more stocks because the market is undervalued and there are bargains to be found.
The stock market got you confused? Does it seem risky? Since the crash in 2008, many consumers have been putting their (nest) eggs into bond lined baskets; believing them to be a less volatile and safer investment vehicle. Well last month, the Financial Industry Regulatory Authority Inc. issued an investor alert about the vulnerability of bonds and bond funds. The word is that it is only a matter of time, before the “bond bomb” explodes. Many retirement portfolios are vulnerable.
Will full retirement be a possibility in the future?
Inflation is another area of conflicting views. Some experts think that prices are rising at a distressing rate of 6% or more a year. The other camp says inflation is rising at a reasonable rate of about 2% a year.
Is spiraling inflation in our future?
For this week’s Photo Challenge: Future Tense, I’m sharing a picture of an automatic teller machine (ATM) merged with a mechanical fortune-teller. I found it at Brooklyn Bowl. It’s a fun place and clearly the folks there have a sardonic sense of humor.
Depending on which economists you trust and your personality traits; you will find the image either ominous or promising.
Future tense? A smidgen.
- Weekly Photo Challenge: Theme of the Week is Future Tense (layedbacklife.wordpress.com)
- Weekly Photo Challenge: Future Tense (rarasaur.wordpress.com)
- Weekly Phoneography Challenge: Future Tense (pilotfishblog.com)