Posted on 10/10/2022 11:39:25 AM PDT by BeauBo
What’s happening in Europe is a recession. Consumption is down, so prices drop.
What? Hasn’t Brandon shut Freeport down yet?
“Hasn’t Brandon shut Freeport down yet?”
They shifted their restart date until after the election - keeping US prices a bit lower in the lead up.
Like the releases from the Strategic Petroleum reserve, this artificial temporary lowering of price will end shortly after the coming midterm election, just as it’s getting real cold.
It won’t likely be a showstopper, but it will likely bump prices up noticeably next month.
And it’ll continue, because prices aren’t going to drop soon.
But they have. They won’t drop further, but unemployment will rise, tax revenues will fall no matter how much they raise them, and the stock market and housing market will get worse.
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