1.

Sure, SVB made mistakes, maybe a lot of mistakes, but the narrative is putting too much weight on the bank. They bought treasuries. What else would they buy? NFTs?? Who has the resources to carry the hedge of ALL regional banks? The Fed totally f’d up by putting rates Too Low, Too Long, Too many times…

2.

The Fed Since 2020:

1. Mar 2020: Inflation won’t be a problem

2. Jan 2021: Inflation is transitory

3. Sept 2021: Interest rates won’t rise until 2024

4. Jan 2022: Recession is needed to lower inflation

5. Dec 2022: Disinflation has begun

6. Feb 2023: A soft landing is possible

7. Mar 2023: Banking system is stable

Not a single statement was correct…

3.

Did you catch a glimpse of Yellen on Capitol Hill? She symbolizes incompetence of the highest order. And, she ran the Federal Reserve for 4 years…

4.

Fixed annuity rates still in the 5% range? Take advantage of current rates while you can. Rates can’t last that much longer. “A safe nest egg and a comfortable yield is the foundation of a wonderful retirement.”

5.

MLB’s Opening Day is just about here. I can’t wait to see the implemented time clock changes. And, the stolen base could be back big time. Baseball needs higher batting averages and more men in motion. I hope these changes take the computers out of the game.

6.

Three cheers for my daughter Willa. She does her first heptathlon (7 track events) and qualifies for nationals. We went to Mesa, AZ during her spring break and she competed like a champion, and with very little training. And she has a ton of room for improvement too!