I no longer have words fit to print that are adequate to describe FJB & his Regime.
And then there's "dr" Jill - no words for her either.
Posted on 07/18/2022 6:00:48 AM PDT by Browns Ultra Fan
Here we go doom loop de loop?
The dollar’s gain is the world’s pain — and based on its current trajectory, the world may be in for a whole lot more discomfort.
But the move risks becoming a self-reinforcing feedback loop given that the vast majority of cross-border trade is still denominated in dollars, and a stronger US currency has historically translated into a broad hit to the world economy.
With the Federal Reserve hiking interest rates at the fastest pace in decades, he says, it’s much less clear what could break the feedback loop in the next few months.
The Dollar Doom Loop with US inflation causing The Fed to tighten
Under Biden’s policies, inflation hit a 40-year high (blue line), and the US Dollar (green line) is strengthening. Then we have The Fed raising the target rate (purple line) and the probability of recession rising with Fed tightening.
Is a US recession coming? The US Treasury 10Y-2Y yield curve is inverted at almost -20 basis points.
Speaking of a doom loop, I am confused about Biden’s economic policies. Perhaps his advisor Jared Bernstein can help me out.
On the one hand, we are soaring gasoline prices. On the other hand, we have the Biden Administration selling nearly six million barrels of oil from its Strategic Petroleum Reserve (SPR) since July 2021 to a Chinese state-run energy firm (of which Hunter Biden is an investor). On the third hand, Biden just got back from Saudi Arabia where he was begging the Saudis for more oil. I thought Transportation Secretary Pete Buttigieg said that gasoline prices were intentionally raised to force more people to buy electric vehicles for which there are too few charging stations. Jared? What the hell is going on????
(Excerpt) Read more at confoundedinterest.net ...
Going on?
A deliberate well-planned dismantling of the United States is going on.
Gas prices have fallen 30 trading days in a row. The strong dollar will bring down import prices. Inflation has peaked. The Fed will be cutting rates by the end of 2023 to stop the pain. All will be well in the garden.
I no longer have words fit to print that are adequate to describe FJB & his Regime.
And then there's "dr" Jill - no words for her either.
Keep your eye on diesel supply and price. That dictates prices of farming and shipping.
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