Posted on 10/12/2021 4:59:54 AM PDT by RomanSoldier19
Signs that soaring energy prices are putting a dampener on economic growth kept a lid on global stock market gains on Tuesday, while inflation and policy-tightening fears sent short-dated U.S. Treasury yields to 18-month highs.
Oil prices rose further, with Brent crude above $84 a barrel. Coal has scaled record peaks and, while gas prices are off recent highs, they remain four times higher in Europe than at the start of the year.
The impact of supply crunches in power and manufacturing components is showing up in data - figures on Tuesday showed Japanese wholesale inflation hit 13-year highs last month, British shoppers slashed spending, China recorded a 20% drop in car sales and bottlenecks dragged German economic sentiment down for a fifth month.
(Excerpt) Read more at reuters.com ...
The market should continue to go up because the dollar isn’t worth as much. I think I read recently that they have increased the money supply 40% over the last few years.
The market may be going up but the value isn’t.
If Deep State can’t confiscatorily tax your 401K, it’ll just kill its worth.
They’re cool with either.
Wall St. got their guy installed.
That is such a funny skit...
Enjoy your frozen winter when the intentionally turn off your power—and blame it on hackers. Hope you all have long johns.
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