Retire First Newsletter
December 2022 – Download here!
Too Much Pain Can Limit The Gains – By Doug Allan
2022 was a crazy year with historical market moves combined with extreme volatility. At the beginning
of the year, we were led to believe that inflation pressures bubbling were going to be transitory. The
US Federal Reserve openly underestimated the amount, and the pace of tightening that would be needed
to contain the current inflation rate. Hence the pace of interest rate increases has been the most dramatic
ever witnessed. Now, as we head into 2023, we are being told by US & Canadian central bankers that we
won’t trip into a recession. While it’s important for the chief in charge to carry a positive attitude, the reality is not as optimistic
