Page 10 - June 2022 Issue.indd

DOLLARS AND SENSE by Tolbert Rowe

2022 Is An Incredibly Challenging Year

ortgage rates at highest level up further. Conspiracy theorists are putting everything you have on a single
since 2009. Stock Market convinced that higher fuel prices are the hand of blackjack, staying with two face

fl uctuations finding a new result of radical Progressives pushing cards for 20 and watching the dealer
mlow every week. Inflation more hybrid and electric vehicles. I must take a hit with 16 and they draw a
running at levels not seen in decades. am not sure how that plays out with oil 5 for 21. You just cannot win for losing.
Many economists predicting infl ation companies raking in record profi ts and
above 5% for the rest of this year and a shortage of components for batteries Maybe you should do nothing, keep
into early 2023. Russian President and computer chips limiting production what you have and not pay any attention
Vladimir Putin justifying the Russian of anything involved in ground to what your 401k is doing. Aft er all,
invasion on Ukraine as necessary to rid transportation. If only the answer was you haven’t lost anything until you take

that country of Nazis who, according to that simple. your money off the table or out of your
him, have been infecting that country investment account.
since the end of World War II. Ironic Remember all the pull and tug and Oh, and not to mention it is a local
that a country so infected with neo- political angst we went through in and state election year. Dare I say how
Nazis could be lead by a democratically Maryland several years ago when the unique it is to have all but one of our
elected Jewish President Volodymyr minimum wage was increased to $15 elections for local offices decided in the

Zelensky. Putin hasn’t explained that per hour? Many businesses screamed Republican Primary. It was not that
dynamic! that it would put them out of business
or at the very least they would have to many years ago when Charles Moore,
China in total and complete Covid cut the number of employees. Now they Register of Wills, was the only local

shutdown due to a small amount of cannot find enough employees at $17 elected Republican offi cial in Caroline
Covid cases showing up and China has per hour to take your order, pour your County and Democrats outnumbered

zero tolerance policy. So, the Chinese coffee, help you find merchandise, clean Republicans by a ratio of 4 to 1.

economy goes into hibernation your floors, wash your windows, take And as if we need to pick another scab

until the nation is rid of the scourge out your trash, or make your sandwich. and create upheaval in our country,
of Coronavirus. In the meantime, Over 11 million jobs are still unfi lled in
we have a President who either is not
businesses around the world are idled the United States.
aware that we have a problem with
because necessary components or parts immigration at our southern border

that are manufactured in China are The stock market is giving everyone gas or does not feel that it is a serious
nowhere to be found making supply pains and for some people a severe case enough problem to warrant any kind
chain delays even worse. of gastrointestinal discomfort. Trying
to figure out what is the right thing to of attention. By the time you read this

Gasoline and diesel fuel prices have do with your 401k, if you have one, is I expect the immigration problem
soared to their highest levels ever tantamount to going to Harrington and will explode if Title 42 sunsets and
and they are poised to continue to go is not immediately replaced with
comprehensive immigration reform,
which in no way is going to happen.
“Your Mortgage Consultant Since 1985”
2022 is an incredibly challenging and
Purchase or Refinance peculiar year, and it is not even half
over. So much is happening in so many
diff erent areas Americans are at a loss
to know how to react. If it were not for
the two political parties in this country
and their talking head minions telling
115 E Dover St. Ste 3 - Easton, MD us how to react to all the stimuli fl ying
around, many people wouldn’t really
tolbert@baycapitalmortgage.com C. Tolbert Rowe,
www.baycapitalmortgage.com NMLS Vice President/Lending care.
182844
What is real to everyone is higher prices
410-819-3005 / cell 410-310-3520 for everything and the most “in your
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