Many of you will remember James Carville, Bill Clinton’s political strategist in his 1992 campaign. This was one of 3 messages he wanted the campaign to focus on, “It’s The Economy, Stupid”. It was a good strategy as Bill Clinton won the presidential election.
As we roll into the final days of the mid-term election cycle, I want to share with you some of the current economic numbers that I pulled together as of 10/19/22:
- Inflation is at 8.20%
- As of 10/19/2022 AAA reports the average gallon of gas is at $3.84
- Food Prices are up 11.4% according to the Bureau of Labor Statistics
- The price of eggs alone has risen 39.8%
- The S&P is down 21.85%
- The DJIA is down 16%
- Mortgage rates for a 30-year fixed are at 7.597%
It is truly about our economy.
Mike Mickels is the President of CochranMickels Retirement Specialists and an avid sporting clay competitor. CochranMickels Retirement Specialists provides personalized planning and investment services to individuals approaching and in retirement. They also provide retirement and benefits training to Federal employees. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc, a Registered Investment Advisor. CochranMickels and Cambridge are not affiliated.