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
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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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Transcript
