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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (13260)	3/9/2022 11:32:21 AM
From: robert b furman	1 Recommendation Recommended By Kirk © Respond to of 26800

Good Morning Kirk, Everyone understands inflation expectations are sadly already entrenched. The transitory part of inflation has got up and left. What we have now is the kind of inflation that is here to stay, but to a lesser degree. In as much as supply chain problems will get better ,that part of transitory will give us relief. I do not expect used cars to as expensive as they have become. It will take big new car inventories and larger rebates to bring used cars down. That is now a 2023 thing say Mary Barra. That is a change from her last expectation of normalcy being reached in H2 of 2022. Beyond that, it will take higher rates and a recession. It appears a recession is in the cards now. If not from rates, then from crude crippling the global economy. I do not think rates will ever do what Volker did. Our debt and money supply is so excessive, that house of weak cards will crumble easier. IMO Bob