Central Markets by Robert Lloyd, CFA

The information contained herein has been obtained from sources believed to be reliable, but the accuracy of the  information cannot be guaranteed. All opinions and outlooks are subject to change.

Search
  • Robert Lloyd, CFA

Is Senator Manchin A Blue Dog?


Maybe. He does state that he is worried about budget deficits and inflation. Last month he wrote an open letter to Fed Chair Jerome Powell complaining about inflation. Today, he wrote an open letter to fellow Senators and Congressmen regarding the size of the $3.5 trillion stimulus currently in the works. Sen. Manchin says it is too big and will negatively affect the deficit and inflation. (see links in comments)


The size and annual spending of the current stimulus plans is a key factor in our medium term inflation scenario. Higher permanent spending will cause sustainable inflation and increase the deficit.

So, if you want to solve the inflation problem, you'll have to get Congress to stop spending money and the Fed to raise interest rates. There is a lot of pressure to do the opposite, but nothing will pass without Democratic unanimity in the Senate.


Do you think there is political will to stop inflation?


Here are links to other posts related to Senator Manchin and his complaints about inflation:


https://www.lloydsintrepid.com/post/did-sen-manchin-just-read-the-fed-the-riot-act


Robert Lloyd, CFA®

Chief Investment Officer

Lloyds Intrepid Wealth Management

Lloyds Intrepid LLC is doing business as Lloyds Intrepid Wealth Management. Lloyds Intrepid LLC offers investment advisory services in the State of Texas where registered and in other jurisdictions where exempted. Registration does not imply a certain level of skill or training. Lloyds Intrepid LLC and its advisers do not provide legal, tax or accounting advice. Lloyds Intrepid LLC formulates retirement plans, investment strategies, portfolio construction and investment due diligence for clients with signed investment advisory agreements with us. The information contained herein has been obtained from sources believed to be reliable, but the accuracy of the information cannot be guaranteed. All opinions and outlooks are subject to change.


© 2021 Lloyds Intrepid LLC


18 views0 comments

Recent Posts

See All