RE:RE:RE:RE:Next week earnings ...marketsense wrote: No question as to how much VET will be affected by a total ban on Russsian oil & gas
into Europe. Vet will be become instantly supercharged.
That said, everyone is paying the price for this war interms of higher energy and food costs. Once Europe is onside with sanctions, those two basic items are not going to
get any cheaper. I remember back in the 70's when we had the first oil shock. This
one will be even worse and at the same time the Fed wants to crush inflation by
agressively raising int rates. This is like two trains heading for each other at full speed.
My only concluson is we are heading for a violent and devastating crash.
The Fed thinks they can tip toe through this by careful managment. I don't have that
degree of confidence and while we make money on our oil & gas stocks, the world
around us could be collapsing like a house of cards.
And what's the monthly interest cost on 30 Trillion dollars of debt? Is there a point where the government will just write off their own debt because they can no longer afford the payments?
They want to write off student debt I guess they will write off their own. Sometime within the next 3 years?