Suncor Energy Inc T.SU

Inflation war

[Farmer12]

Commodities, and most stocks for that matter, are already priced way off their highs. Check copper down from about 4.85 to 3.50 lb, iron ore 1.60 lb to .9650 lb, steel way down, gold and silver way down. Lumber futures have fallen from about $1711 U.S./1000 board feet to about $500 now. As others have mentionned, it takes time for these lower prices, as well as others, to percolate through the economy. The inflation curve should shortly begin to trend lower. The Fed could still mistakenly overreact based on a snapshot in time of the inflation rate....

[firstworld]

Materials for steel and alloys production are way down because Euro Nazis energy purchasing decisions have caused many alloy porductikn facilities to close down killing demand for the various precursors. EU auto production will drop by 25% plus next year because far less steel. They can't get it from China because the advanced alloys are for the 7B friendly folks / countries. Now that's it

[Experienced]

Good points.  It may very well turn out that way. What history tells though is that things may work out quite differently than you suggest. A couple of months ago I posted about how the current situation we find ourselves in looks a lot like what happened in the 1970s as opposed to 2008 or even 1982.  Interestingly, in the video of Cathie Wood posted by Obscure, Cathie also drew

[Farmer12]

The Great Inflation lasted from about 1965-1982. There was a lot of crazy stuff going on in that period including the inflation caused by U.S. Vietnam War spending, the 1973 oil embargo and the expansion of the Welfare State with massive deficits. These current 3/4% interest rate increases will really whack car and home purchases. Average new car price in the U.S. is around $42k financed for