87,000 new IRS agents were hired – for what?! The bigger question we should be asking, is “for whom”? Crypto hackings continue, skyrocketing the amount of money lost within investors’ crypto wallets. Companies continue to lay off their workforce, Turkey slashes interest rates despite ridiculously high inflation, and we learn that our kids are costing us a fortune.

 

Resources:

https://www.heritage.org/budget-and-spending/commentary/fact-checking-team-biden-who-those-87000-new-irs-agents-would-audit

https://www.reuters.com/markets/us/losses-crypto-hacks-surged-60-19-bln-jan-july-chainalysis-2022-08-16/

https://www.cnbc.com/2022/08/17/crypto-broker-genesis-slashes-20percent-of-workforce-and-announces-ceo-exit-.html

https://www.cnbc.com/2022/08/18/turkey-surprises-markets-with-rate-cut-despite-inflation-near-80percent-.html

https://www.reuters.com/business/retail-consumer/furniture-retailer-wayfair-cut-870-jobs-2022-08-19/

 

https://www.wsj.com/podcasts/minute-briefing/inflation-pushes-the-cost-of-raising-a-child-to-above-300000/24418493-9ad8-4c0f-90d9-10afac10db2a

 

Nic Daniels BFA™, Financial Advisor

https://www.therealmoneypros.com

https://www.treecityadvisors.com