topher06 said:
Bonfire1996 said:
topher06 said:
Bonfire1996 said:
Dollar is up 15% this year. It's rally has suppressed inflation reports. Something to keep in mind.
Really have been amazed that we can just print unlimited money and still somehow the dollar is GAINING value. Killing commodity prices, although depressed oil and gas (compared to what it would be if inflation mattered) is good for the larger economy.
It is fascinating, isn't it. What it tells you is how terribly bad it's about to get in Europe.
There is literally nothing to like about the greenback right now: $3 trillion annual deficits. Debt well in excess of GDP. Skyrocketing debt service as a percentage of GDP. Unfunded liabilities that will absolutely crush us.
But still in much better shape than the Euro, the Pound, and the Yen.
Yikes.
Yeah, can't lie I've been loading a little more actual gold and silver cause it does seem that the world's currencies in general are going to **** as a result of gross fiscal irresponsibility.
Europe is dead meat.
Expect the ECB to hike .75 on Thurs. Hiking on economic weakness. They'll ensure a deeper/prolonged recession.
The idea of a natgas price freeze by the newly elected Truss is crazy talk, so that means it will happen. Citizens will pay for that move over the next 10 years. Some high powered analyst published a report a couple days ago on european natgas and electricity rates based on their model. I don't remember the numbers other than by 2025 citizens will work to pay for energy,....food be damned.
Should the WTI & Brent Futures move downward be puzzling to you with so much bullish news on energy just think about it this way. Ever take a can of Coke and shake the heck out of it? Saudi with the hand on the crude valve is no different than having a finger on that can's pull tab. Get ready..
Additionally, the energy demand from europe is not going away just because the supply they have been sucking out of a pipe is ending. The demand is still there. The market hasn't digested that notion yet.