Re <<“… get wrecked.”>>
A bit of color, that the modern version uses ‘rekd’ … the mechanism of action, path of rekd, way of getting there, etc etc is becoming clearer, as the threaders had reckoned, one word, the word … ‘inflation’, acting first on the underclass and …
Now I understand why Teams Trump and Biden both went around the planet to encourage crude production, as no one ever quite pointed out the obvious to me … food and energy … as the tweeter below
Recession coming
"The average American uses ~60 barrels of oil per year. The average U.S. income is ~$63,000 per year. The price of oil is up ~70% y/y (or ~$60/bbl). All else equal, the avg consumer will pay $3,600 more on oil consumption (just under 6% of average pre-tax income)" - @HedgeyeDJ
… then there is chicken, egg, bread, …
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