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

To: Kirk © who wrote (14638)	10/13/2022 10:39:53 AM
From: Sdgla	1 Recommendation Recommended By Kirk © Respond to of 26621

Easy solution is to increase the supply side of our economic engine… but nooooo.

To: Kirk © who wrote (14638)	10/13/2022 11:34:17 AM
From: robert b furman	2 Recommendations Recommended By Kirk © sixty2nds Read Replies (1) \| Respond to of 26621

Hi Kirk, There's a lot of optimism regarding inflation out there. Bottomline, unitl the US gets back to being the price fixer of the cost of energy, we're all going to see anything that grows, gets, manufactured, and/or needs to travel for distribution to retail outlets continue to up in price. Over the long history of crude oil, whenever OPEC had the power to price oil, they trippled it in the 70's and ten folded it in the 90's. As long as Biden and his transition team are in control of regulation and support the ESG choke hold on fossil fuels, OPEC is in the drivers seat. OPEC's track record is consistent, they don't care, they want to rake in the most money possible. The only time they lost pricing control was when we had discovered fracing and became overzealous on maxing out production. To break that development OPEC flooded the market with crude in the middle of a pandemic. They do not care. They will destroy any competition to keep their reihn on pricing control. It's been that way my entire life. Biden's administration has a cult like belief in electrification of our country in a term of their administration. It will take decades and unintended consequences of too much investment in lesser efficient forms of energy is an misallocation of capital. Remember when the DOT.COM over allocation of capital investment collapsed the tech sector in 2000. It takes years to recover from that kind of misallocation of capital. Biden's administration is hell bent on a repeat of that kind of capital misallocation. To recover from such an event, in combination with vastly more expensive energy, could well prolong the recovery. None of the above will alleviate inflation. It will do the opposite in the ugly form of stagflation. NO GROWTH and GROWING INFLATION. This midterm will be crucial to stall the errant ways of our Congress. It is simply that crucial. IMO Bobi