RE:RE:Happy trading this is hopelessAnd that is exactly what Biden and the Fed would like you to think. Its hopeless so
sell your oil & gas stocks because there will be way less demand. That narrative has
been programmed into the market for months now. Biden probably had to do another
SPR release to keep a lid on demand and squash the price. Its all about optics and
very little substance. They can play around with the SPR and keep pushing the Fed
narrative but at the end of the day, nothing has changed as far as tight supply.
Crushing demand by artificial means (SPR & the Fed) has a huge price tag attached
and Americans are not going to be happy campers when they start losing their homes and their jobs and declaring bankruptcy. The banks will also start paying a heavy price for the economic fallout in terms of loan losses and defaults. It not going to be
palatable for very long and ultimately the worse of two evils. Deflation or inflation is
the choice. They made a big mistake with trashing fossil fuels and can't correct it
now. Crushing the economy is only going to make it worse. Two wrongs don't make
a right.