RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Oil production" The houses, the streets and the people were plump with disposable income. " (Eureka Street, by R.M.Wilson). That income, given inflation, esp. gas prices, rising interest rates, liquidity being drained and job losses/fewer hours, is diminishing rapidly....add supply chain disruptions that are hugely disruptive, massively costly and damaging enough to put some companies out of business, and include the military conflict we're involved in .................... very hard to discern the future. Inclined to think the fed will overplay its hand in what I see as a quickly weakening economy, and will need to reverse itself early. Also think the fed are using the situation to get interest rates up...ie yes, they're raising rates to 'crush' inflation, but they could do so in a more measured way but have decided this is a rare opportunity and are moving rates up as quickly as they think they can, with politicians, public, biz all supportive.............as they should, imo. When they overshoot, they'll have some room to reverse.
Inflation should come down quickly, interest rates will be at a more realistic level.......both good.....how much pain to achieve ? And who bears the brunt, the pain, of this reset.....always those on the lower rungs.
How will all this affect WEE......not in any way at all, save for supply chain challenges.