What Awaits Behind the Russia and Inflation Headlines?

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The Rest of the Story was a Monday-through-Friday radio program originally hosted by Paul Harvey. Beginning as a part of his newscasts during World War II and then premiering as its own series on the ABC Radio Networks on May 10, 1976, the broadcasts always concluded with a variation on the tag line, And now you know...the rest of the story. The show aired from 1942-2008.

Harvey was noted for his beautiful presentation style and his conservative but individualistic opinions on current events. He enjoyed an almost unparalleled longevity as a national broadcaster. Baby boomers remember Paul Harvey well.

With all eyes currently on Russia and the flare up of inflation, the rest of the story needs to be told about the following:

  • Inflation is due in part to supply chain disruptions caused by COVID, but the rest of this story is that inflation will continue to increase and will last a long time because it’s not just a matter of supply shortages.
  • The Federal Reserve has announced a plan to control inflation through interest rate hikes, but the rest of this story is that the Fed is just pretending to be in control.
  • Russia’s incursion into Ukraine is testing NATO resolve, but the rest of the story involves China and the reserve currency status of the dollar.
  • The U.S. stock market story is at a precipice, but the rest of the story is that it is tipping from greed to fear.
  • The retirement crisis is becoming even more critical because a 60/40 stock/bond allocation is risky and so are target-date funds. The rest of this story might surprise you.

I discussed these topics in detail on a recent Baby Boomer Investing Show. Buckle up your seats. You’re about to go on a wild ride.