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We’re still 12 days from the official start of summer, but it’s here.
And summer finds the electorate’s mood beyond sour. People everywhere scowl at record-setting fuel prices, double-digit inflation for food and other necessities, and largely government-caused infant formula shortages. Supply chain snafus and other forces also frustrate new home buyers waiting months for windows and appliances.
New homes that used to be built in six months are now taking 12 months or longer. A Facebook friend recently warned of a year’s wait to replace a dishwasher. Most people believe we’re headed to a recession. Most believe a recession is already here (for the record, it’s not, but stay tuned). Owners of 401k retirement and investment accounts that invest in equities have seen their savings drop by double digits or more since January. Retired Americans are returning to work, unable to make ends meet on fixed incomes shrinking in value before their frightened eyes.