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Home for the Holidays

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The Federal Reserve seems to feel inflation is under control. But those of us living in the real world know it’s far from under control. Have you tried buying an airline ticket lately? Even the airlines that are “bankrupt” or close to it are charging a fortune. Enjoying the holidays together isn’t cheap, especially if you like to eat.

If you like being comfortable inside your home as opposed to shivering uncontrollably or sweating profusely, then you know utility costs aren’t getting cheaper either. Consider how much you’ve spent in the past 10 years alone, never mind your lifetime. The golden years are dear.

On the rare occasion you can save a couple bucks, you then have the joy of investing it or lending it to the government. They pay you 1.6% a year for 10 years before inflation. What a deal. It’s like having a table full of Federal Reserve and Treasury staff eating roast duck in front of your roaring fire, with all the windows open, during a snowstorm, while you’re outside with a can of sardines. And then they ask for more revenue.

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E.J. Smith

Editor-in-Chief
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@youngresearch.com.