This isn’t great.
If the price of cheaper oil comes at the cost of cozying up to the man who ordered a journalist killed and dismembered then it’s not worth it.
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Bob surely has the highest blood pressure.
Pissing in the wind Bob.
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Holy shit…
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Another inverted yield curve. I suppose one can argue that it’s better to have a recession in 2022 rather than 2023 for election purposes. But this assumes it won’t be an extended one.
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Also worth considering alongside the cease-fire in Yemen holding. It’s an interesting cross-roads that splits between icky domestic policy implications and potentially necessary foreign policy implications.
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My crystal ball outlook for the economy is not good. Supply chains in too many industries are backed up for too long. Some companies already have their cash locked up for at least the next two years. No one in the whole chain can spend it because it’s committed to production and demand exceeds production capacity, trapping the cash. Yet companies are really, really hesitant to invest in that much inventory. I expect companies to start going out of business because they can’t ship product. I wonder how many are only kept afloat by the remainder of forgiven PPP loans. I haven’t seen anything like it in my adult lifetime.
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https://www.politico.com/news/2022/06/15/joe-biden-saudi-arabia-trip-bin-salman-00039679
They hoarding cash and spending their money of stock buybacks. They are a major cause of inflation. They are fucking us to line their pockets. Full stop.
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So many companies are high on their own supply. They use a playbook that’s 2-3 decades out of date and wonder why it doesn’t work well in 2022.
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Pope: “It’s cool now. We won. Have some wine. Wait, who’s driving?”
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Mcturtle: Lucy
Biden: Charlie Brown
Football: progressive legislation
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reportedly in exchange for Senate Minority Leader Mitch McConnell (R) “agreeing not to hold up future federal nominations by the Biden White House”
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