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Bullboard - Stock Discussion Forum Vermilion Energy Inc T.VET

Alternate Symbol(s):  VET

Vermilion Energy Inc. is a Canada-based international energy producer. The Company seeks to create value through the acquisition, exploration, development, and optimization of producing assets in North America, Europe, and Australia. Its business model emphasizes free cash flow generation and returning capital to investors when economically warranted, augmented by value-adding acquisitions. The... see more

TSX:VET - Post Discussion

Vermilion Energy Inc > I work in Manufacturing and we are not in a recession!
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Post by DukesMtl on Sep 27, 2022 11:20am

I work in Manufacturing and we are not in a recession!

In fact, supply chain issues aside, economy is so hot that Fed needs to keep raising interest rates so people will stop buying.

Europe dif story but in North America, numbers are too high! I see the manufacturing data each week so trust me, companies cannot find enough employees for manufacturing plants to fill orders.

No recession here!
Comment by Aurum1983 on Sep 27, 2022 11:29am
Powell is going to get a call from the other G7 central banks begging him to stop raising rates. There is going to be a lot of domestic and international pressure for US to stop hiking. The USD is too strong. There is a point when further rate hike will cause more harm than good in terms of taming prices vs. hurting exports/tax revenue/cost of borrowing for government. I think we are at that ...more  
Comment by DukesMtl on Sep 27, 2022 5:10pm
I'm sorry but you need to realize that the government will do whatever it takes to tame inflation because inflation causes the entire collapse of a countries economy! Just look at Venezuela or a lesser example Argentina. When a beer costs 5,000.00 then your country is finished! The Fed isn't accountable to anyones feelings.
Comment by Spanito on Sep 27, 2022 5:48pm
Personally I wish the name wasn't Federal Treasury since in reality it is a private institute.  Representing 150 banks,  and they pay dividends to all of them.  The Federal Treasury is once again a private group,  they elect their board directors, and the President of America gets to pick the spokes person,  Their interest is for themselves, but at the same time for ...more  
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