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Smoky Mountain Memories and Shoe to the Face
Written by Steve | Published: |
The family and I just got back from a trip to the Great Smoky Mountains and Dollywood in Tennessee.
We had a great time and created a lot of good family memories.
Went on hikes, went swimming, saw six bears in the wild, ate yummy food, and went to Dollywood.
Traveling is not the easiest thing to do with five young kids, but they grow up so fast we always try to plan a unique trip each year.
On the last day on our trip we were at Dollywood riding roller coasters until they closed the place down.
We went on the “Lighting Rod” which is a relatively new ride that won “wooden roller coaster of the decade.”
There is a 165 foot drop and a top speed of 73 mph.
To say this is a thrill ride would be an understatement.
During our last ride of the night, something weird happened.
When the ride came to a stop all the helping hands abandoned their post and ran to the front where a twelve year old boy was holding his nose and was bleeding everywhere.
At first they thought it was from the rapid change of elevation and speed, however what they came to find out was that a shoe flew off one of the other riders feet and it smashed into his face.
The young boy was ok after a little medical attention, but it was such an odd experience.
The stock, bond and real estate markets have been accurately called a roller coaster by many. And in some ways you can plan for that. But nobody can plan for a random shoe to the face. For example what percentage of people sold all their assets right before 2000, 2008 or covid market crashes?
This week the Fed has come out with some updated CPI numbers, stating that their plan to reduce inflation is working.
Don’t get too comfortable.
What it actually means is that inflation is still happening because they have approved more spending, however now the price of assets are coming down i.e. deflation.
So they are giving themselves kudos for “bringing down inflation” when really it’s just making your hard earned assets decrease in value, like a shoe to the face!
This is a classic Fed move creating boom and bust cycles.
The good news is there are ways to take advantage of this and we incorporate this conversation in our Continuous Cash Flow process we take our clients through. That way if a shoe does come flying 73 mph at your noggin you are prepared and protected and can enjoy the rest of the ride.
Hope you all are creating some fun family memories this summer!
