Dock Treece

Dock Treece Friday October 9, 2020


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Friday, stocks were up yesterday but most markets were surprisingly quiet.
New jobless claims declined and continuing claims were the lowest since March.
I spoke with Brian McMahon (local developer) about a new building going up at their "Land Air Industrial Park"
( https://www.danberrynational.com/land-air-business-park ) near the airport. He also brought up an idea I haven't heard that has great local potential. As people become comfortable buying groceries online that process will require specialized distribution facilities.
The below quote and chart show what inflation has done to the purchasing power of the dollar since 2000. Scary.
“The US dollar has lost 44.2% of its purchasing power just since the year 2000.
That means that the dollars you saved 20 years ago have lost almost half of their purchasing power. …. You’ve done nothing wrong, but there’s a serious leak in your financial boat.”
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Dock TreeceBy 1370 WSPD (WSPD-AM)