Weekly Roundup 10/13/22 (FASB accounting rules update, Warren’s letter to Texas, Howey’s orange groves) (EP.361)
On The Brink with Castle Island
The Inflation Print, Social Security and Healthcare Spending Are Real
Social Security will be receiving an 8.7% cost of living adjustment, COLA for next year. This is a reminder that those entitlements, Social Security and Healthcare spending are real as a most phenomenal. So you can't inflate them away. Tyrese: It's kind of a wealth transfer from the young to the old.
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