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


To: robert b furman who wrote (13327)3/13/2022 2:47:37 PM
From: Fiscally Conservative1 Recommendation

Recommended By
Kirk ©

  Read Replies (2) | Respond to of 26800
 
Bob: While I agree with much of what you suggest I might add the the last historical run up in Crude was back in 2007/20008 while President Bush was still in command of the Executive branch. While Crude was running back then so were many other commodities as well. My take on previous recessions points to a reduction in easy money by the FED. Our Debts are coming home to roost. The 2018 Tax Legislation did not help our deficient balancing act and when COVID reigned down the spending grew monstrous. Yes, a nasty, likely very nasty, Recession looms over the horizon, give or take 8-9 months. Much can be said about blame . Both political parties here are to blame as well the FED. Cycles will run their course. This one will be no different.
Easy money supply side Economics simply do not work anymore. Seemingly so, most of the G-8 nations subscribe the same fiscal irresponsibility. Always appreciate your thoughts. Do not always agree but this is ok too. Discussions need to happen.