Rough economic waters ahead: Will we choose wisely?

Financial uncertainty, the boogeyman of stable markets, is at its apex. As a result, we have 40-year highs in inflation, rising interest rates and a massive diminution of financial markets, all playing out against a backdrop of global upheaval and geopolitical mischief. When it comes to your money, consider the facts and, as the knight said to Indiana Jones, "Choose wisely." 1. Inflation — Inflation has risen from 1.4 percent to 8.3 percent since 2020, rapidly gnawing away at the purchasing power of salaries and the expected size of retirees' nest eggs. Inflation affects every aspect of our financial lives….