Posted on 03/31/2022 4:53:48 AM PDT by Browns Ultra Fan
Alarm!
There is a massive divergence between the collapsing US Treasury 10Y-2Y yield curve and the near-term forward spread. The near-term forward spread is the difference between the implied interest rate expected on a three-month Treasury bill six quarters ahead and the current yield on a three-month Treasury bill.
As we already know, the 10Y-5Y yield curve has inverted signaling a coming recession.
This divergence between the Treasury yield curves and the near-term forward spread is occurring as US inflation hits the highest rate in 40 years.
Now President Biden is considering “Releasing the Kraken!” That is, releasing a huge amount of crude oil from the nations Strategic Petroleum Reserve (SPR) in order to combat inflation. If the purpose of Biden’s executive orders were to limit fossil fuel production and consumption, why doesn’t Biden simply rescind his executive orders and allow the construction of the Keystone Pipeline?
(Excerpt) Read more at confoundedinterest.net ...
The Sauds wouldn't even pick up the phone when Biden tried to call them a week or two ago... THAT'S A SLAP IN THE FACE TO BIDEN AND HIS GOONS.
25th Amendment to inclue Dementia Joe, Kamel Toe and Nazi Pelosi.
Let’s see:
Stop the Keystone XL Pipeline and consider shutting other pipelines down.
Stop new leases for oil and gas on public lands.
Get banks and lending institutions to lend less money to oil companies.
Deliberately do other things to shove us into electric cars.
Then: release oil from the strategic reserve to try to stop inflation.
BRILLIANT!
Maybe every time the Demos seize power we should just automatically empty the strategic reserves. They’ve been playing this hat trick since the Clinton days at least.
Wal-Mart customer traffic down.
That simple.
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