In Joe Biden's first year, inflation took 10% off the value of the dollar and inflation is continuing. But in the last month, 401K's have also taken hits. Mine is down 10% in the last two weeks as the Feds look to raise interest rates to lower inflation. Death spiral as the Feds look to end the worst inflation since 1982.
This might be only due to pandemic and pandemic recovery however, because Canada is also struggling with high inflation. Hopefully their President Trudeau can stop this up there too.
Thomas Sowell: There are no solutions, just trade-offs.
