2007 is the transition year at the Merkel household. Our two oldest children go off to college in the fall, and our youngest starts home schooling at the same time. As such, this is the last time that we can rely on that we will be able to take all of our children on a trip. In the late summer of 2006, we went to visit my wife’s parents in San Diego; next week, we visit my parents in Milwaukee.
Now, I have no idea what internet access I might have while there. If I have good access, I will post in the late evenings. If not, well, you’ll hear from me next on the 29th. With that, I sign off. I have a lot of other things to write about, but little time to do so. Traveling with eight children is quite a feat, and it will take a lot of my energy to accomplish that.
Best of luck with travelling this week, I hope you are able to avoid the brunt of the holiday weekend rush.
Regarding the previous inflation post, do you think the reckoning is coming sooner than later? I have taken the increasing pace of acquisitions and buybacks as a sign that companies are getting a little despate trying to get rid of dollars/take on debt before inflation really quickens and rates increase.
I think the reckoning is coming later, like 2010-15, but there will be decent-sized bumps along the way… as we have seen recently.