Private Equity and Business Update 10-14-21 #1

In this episode Scott discusses:

1. Inflation is up 5.4 percent year over year.
2. Social security benefits going up 5.9 percent based on its tie to inflation.
3. The Fed hurries its pace to taper bond purchases.
4. Wages are up 4.6 percent year over year.
5. Energy prices are also rising with the price of gas at its highest level in 7 years.
6. The average price of a new car is up $4,900 year over year.
7. JP Morgan reports profits are up 24 percent for the 3rd quarter, but revenues were up just 1 percent.

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