It's The Economy, Stupid!

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:

1. Inflation is at 8.20%
2. As of 10/19/2022 AAA reports the average gallon of gas is at $3.84
3. Food Prices are up 11.4% according to the Bureau of Labor Statistics
4. The price of eggs alone has risen 39.8%
5. The S&P is down 21.85%
6. The DJIA is down 16%
7. Mortgage rates for a 30-year fixed are at 7.597%

It is truly about our economy.

Mike