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Non-Tech : Kirk's Market Thoughts
COHR 191.380.0%3:11 PM EST
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To: rdkflorida2 who wrote (13292)3/12/2022 2:18:50 PM
From: Kirk ©1 Recommendation

Recommended By
robert b furman

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I think you have some very basic facts wrong.
The economy began to boom under Biden and it will take time for crude production to catch up

The economic "boom" started in mid 2020.... below is my graph of GDP

Why did oil and gasoline stay in a confined range of $40 to $60 until about a year ago... what changed?

For the past year, ECRI's leading index have crashed to the point the Fed has GDP for this quarter barely positive and ECRI says a recession could be in the making...

Would the GDP have been positive during any quarter since March 2000 if the government didn't borrow and print trillions of dollars?

Inflation comes from too much money chasing too few goods. The Fed and Biden kept the money printing and handouts going too long and we're paying for it now.

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