What is the administration going to do this winter when there is limited and expensive home heating oil and gas due to limiting America's production, limited and increasingly expensive food supplies due to Russian grain export blockage, increasingly expensive rentals, decreasing home sales due to high mortgage rates and increased crime? Walking away from questions at a rare news conference or crackling while giving an unrelated answer is the usual answer.
I think the North American markets will have a munch easier time. We could see some upward pressure on energy but in a controlled way. Europe is another story. There is a ton in storage but will it be enough? How cold the winter does and perhaps more attacks on energy infrastructure could cause addition problems in Europe which then have plenty of already.
The housing market will crack and potentially break. Mortgage rates have already doubled. Rising rates into a slowing economy will cause pain no doubt. At this point im pretty sure the Fed sticks to their gun. They will need some strong evidence to stop raiseing rates a pause is not a pivot. Keep a close on the Feds key indicators. 75bps in November and I think likely 75 in December. Though the market is betting 50bps has a good chance.
I'm still convinced that most of America economic problems started when Biden essentially stopped the nation's petroleum supply. No more pipelines. He suspended oil and gas leases in ANWR for a variety of unrealistic reasons. The total of what he and his Greenie minions did has put us in the situation we are in today. American votes allowed this to happen. It will get worse if they are allowed to stay in power.
I would argue the U.S. economic problems started in earnest during the GFC and have been exacerbated as the years go by.
I agree the energy transition has been handled poorly by both sides. The met is a transition. While technology will drive energy costs downwards and become more prevalent we still need carbon based supplies as overall energy demand grows globally. Neither party has come close to posing a solution for a transition. Government dollars being spent on R&D to help drive "greener" energy costs down is a wise choice but the inability to forecast overall energy demand and where it falls short is needed. I can't say im overly optimistic either side providing a viable solution and deep partisinship means smart and motivated people from each side to come to a reasonable option.
What is the administration going to do this winter when there is limited and expensive home heating oil and gas due to limiting America's production, limited and increasingly expensive food supplies due to Russian grain export blockage, increasingly expensive rentals, decreasing home sales due to high mortgage rates and increased crime? Walking away from questions at a rare news conference or crackling while giving an unrelated answer is the usual answer.
I think the North American markets will have a munch easier time. We could see some upward pressure on energy but in a controlled way. Europe is another story. There is a ton in storage but will it be enough? How cold the winter does and perhaps more attacks on energy infrastructure could cause addition problems in Europe which then have plenty of already.
The housing market will crack and potentially break. Mortgage rates have already doubled. Rising rates into a slowing economy will cause pain no doubt. At this point im pretty sure the Fed sticks to their gun. They will need some strong evidence to stop raiseing rates a pause is not a pivot. Keep a close on the Feds key indicators. 75bps in November and I think likely 75 in December. Though the market is betting 50bps has a good chance.
I'm still convinced that most of America economic problems started when Biden essentially stopped the nation's petroleum supply. No more pipelines. He suspended oil and gas leases in ANWR for a variety of unrealistic reasons. The total of what he and his Greenie minions did has put us in the situation we are in today. American votes allowed this to happen. It will get worse if they are allowed to stay in power.
I would argue the U.S. economic problems started in earnest during the GFC and have been exacerbated as the years go by.
I agree the energy transition has been handled poorly by both sides. The met is a transition. While technology will drive energy costs downwards and become more prevalent we still need carbon based supplies as overall energy demand grows globally. Neither party has come close to posing a solution for a transition. Government dollars being spent on R&D to help drive "greener" energy costs down is a wise choice but the inability to forecast overall energy demand and where it falls short is needed. I can't say im overly optimistic either side providing a viable solution and deep partisinship means smart and motivated people from each side to come to a reasonable option.