“””I miss mean tweets and low interest rates.””””
Well stated. Unfortunately, too many of our poorly educated Americans are unable to understand the concept of ‘cause and effect’.
Stuff is only cheap when production exceeds demand.
When Biden cuts supply of a major component of the economy, OIL, it leads to bad results.
And when Biden increases the supply of LABOR by opening the borders, it crushes the worker’s income.
I guess we can call the current economy BIDEN’S BIG SQUEEZE!!!!
Yes, the deliberate cuts to our domestic oil production caused prices to rise. Then effect fuel/transportation and food prices.
Now, they have loosened the sanctions on Iran and Venezuela to let them increase oil exports. Of course, right when we needed help from the Saudis, they CUT production most likely because they bad mouthed the killing of the journalist Koshogi(sp?).
So, the Kingdom gave a big pound sand to Biden.
All of these things cause INFLATION. Then the Feds ONLY option is to raise interest rates to kill housing, auto purchases, high tech loans and the economy in general.
So, what is the answer. Pump up the war machine.