The PPI says inflation will get worse. Sadly that means the Fed must really ramp up rates with recession becoming worse. Whether the inane policies adopted to combat the pandemic will receive adequate blame is unknown. The serious under-investment in fuels over the last several years plays a big part but Biden's new rules made a bad situation worse. We are ~ 1M BBls shy of 2019 production levels. Part of that was well slowdowns as the pandemic reduced demand but Biden rules has caused no money going to restart of production. Given growth since 2019 it's clear we are shy ~ 2-3M bbls. And Russian production diversion means little given fungibility; what India/China buys means more OPEC sales elsewhere. But Russian output has been reduced by skilled workers departing Russia.
The middle has been terribly squeezed. They can't put money aside at rates better than inflation so had to depend on the market. Watching our nest egg decline now hurts particularly needing to extract the required minimum withdrawal from a previous bigger pot - double whammy. Uncle gets a bigger share as well of that. But someday that fund will be gone as will I; hopefully me before the fund.
Yep. And how long can the Biden people get away with giving hundreds of billions of the citizens’ dollars to a country that I, and I suspect 349-million other Americans, do not care about in the least. It’s an outrage. It’s criminal, as far as good sense goes. Biden should be put away. He is further bankrupting the country (by taking clues from his dope-addled, stumblebum son on how to squander other people’s money). In Europe Biden is flirting with prospects of nuclear war. Any bets on which country will be nuked first? There are plenty to choose from.
If I were to decide where money goes I'd prefer Ukraine than many other choices than Democrats seem OK about. As a proxy we can see Russia more for what they lack notwithstanding great concern for their nuclear arsenal. I might hope at the end Putin will throw in the towel and try to make an accommodation with the US. Might need to get a new US administration to form an alliance against the Chinese.
The PPI says inflation will get worse. Sadly that means the Fed must really ramp up rates with recession becoming worse. Whether the inane policies adopted to combat the pandemic will receive adequate blame is unknown. The serious under-investment in fuels over the last several years plays a big part but Biden's new rules made a bad situation worse. We are ~ 1M BBls shy of 2019 production levels. Part of that was well slowdowns as the pandemic reduced demand but Biden rules has caused no money going to restart of production. Given growth since 2019 it's clear we are shy ~ 2-3M bbls. And Russian production diversion means little given fungibility; what India/China buys means more OPEC sales elsewhere. But Russian output has been reduced by skilled workers departing Russia.
The middle has been terribly squeezed. They can't put money aside at rates better than inflation so had to depend on the market. Watching our nest egg decline now hurts particularly needing to extract the required minimum withdrawal from a previous bigger pot - double whammy. Uncle gets a bigger share as well of that. But someday that fund will be gone as will I; hopefully me before the fund.
Yep. And how long can the Biden people get away with giving hundreds of billions of the citizens’ dollars to a country that I, and I suspect 349-million other Americans, do not care about in the least. It’s an outrage. It’s criminal, as far as good sense goes. Biden should be put away. He is further bankrupting the country (by taking clues from his dope-addled, stumblebum son on how to squander other people’s money). In Europe Biden is flirting with prospects of nuclear war. Any bets on which country will be nuked first? There are plenty to choose from.
Who gets nuked first?
The finalists are Poland, Lithuania, Israel and Saudi Arabia.
Keep a good thought, Bill.
If I were to decide where money goes I'd prefer Ukraine than many other choices than Democrats seem OK about. As a proxy we can see Russia more for what they lack notwithstanding great concern for their nuclear arsenal. I might hope at the end Putin will throw in the towel and try to make an accommodation with the US. Might need to get a new US administration to form an alliance against the Chinese.
At this point the best we can hope for is less-moronly morons.