Winter is Coming!

Besides being the phrase used by the house of Stark in Game of Thrones, it is actually coming.

Of course it is generally a bigger deal for those in the northern states than in the southern ones, and there are some indications that is getting off to a nasty start.

In addition we are entering a new political environment where many of our fellow citizens and residents are facing a political winter as we elected people who are going to favor wealthy investors and elites over struggling people.

Now some would argue that the middle class is going to be favored, and since to some extent the future is uncertain we can have differences of opinion.  Of course the announced policies are almost guaranteed to prevent people in general from advancing into the middle class, since the tax benefits will not offset the things that define it, such as home ownership and a good job.

Interest rates will rise and are rising as the promised tax breaks and deficit spending will drive up the cost of credit and ultimately undermine the dollar, making mortgages unaffordable for many.

While some jobs may be created if we get infrastructure projects, the idea that millions of good paying manufacturing jobs are returning is demonstrably false, because even if the factories were to re-open at considerable cost, the jobs would be mostly done by robots and automation.

Of course you can believe otherwise and while you hope Santa will be good to you this year, we are entering a period of cold economic reality which is going to benefit wealthy investors and business owners while the rest of the population sits next to the table waiting for scraps from their plates.

Guess that rub on the belly made you happy anyway.