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Odd how there was no inflation or energy crisis two years ago.
There was a report yesterday about metal smelters in Europe, US & Canada planning to shut down due to high energy prices and rationing plans (Europe).
I expect the supply of many aluminum alloys to get really tight over a short period of time. Who knows where the prices will go when that happens?
Depending on your age, here’s what you and/or your parents have survived so far:
Recessions———Causes
7/53-5/54: End of Korean War
8/57-4/58: Asian Flu(!)
4/60-2/61: Foreign autos entering US markets
12/69-11/70: Stopping runaway inflation
11/73: 3/75: Oil embargo by OPEC
1-7/80: Oil crisis + Inflation
7/80-11/82: Double Dip - Oil and Volker killing inflation
7/90-3/91: S+L crisis, Gulf War, Oil
3-11/2001: Dot Com bust, 9/11
12/07-6/09: Mortgage crisis
2-4/2020: Covid19
Some familiar problems keep repeating, don’t they?
Hundreds of millions in the 3rd world will starve and our living standard will suffer. Pray for your fellow Americans. We ain't seen nothing yet.
Oil is trending up again.
Stanberry frankly sucks. The economy is dying - so buy are researched guides and get RICH! Smart folks, certainly. Hucksters - absolutely all the time.
The coming Winter of discontent.
I just saw something today that 1 in 6 American households are delinquent on utility bills. Imagine what that number will be after heating season...