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

To: Kirk © who wrote (16970)	10/4/2023 10:22:49 AM
From: #Breeze	2 Recommendations Recommended By berniel sixty2nds Read Replies (1) \| Respond to of 26800

theconservativetreehouse.com

To: Kirk © who wrote (16970)	10/4/2023 11:12:12 AM
From: robert b furman	2 Recommendations Recommended By Kirk © toccodolce Read Replies (2) \| Respond to of 26800

Good morning Kirk, Politics intentionally has so much drama. We are in a moment where both parties are digging into extremes. I'm of the belief that what will resolve it is a very big win with a firm statement from the population that we need to get control of the spending. So much fiscal spending has thrown the FED into throttling down action(interest rate increases. If it was Greenspan, he'd be throwing down on the government and the deficit spending that has been going on since the Dems have been in power of the House . Powell is firm, but he does not tell those responsible for the inflation spike, they are the problem. He needs to bow up and get truthful as to where the blame lies. Powell himself is too much of a politician. When the population supports fiscal restraint in an effort to curb inflation, we'll get back on track and not until. It is just amazing to me that these current rates, on a longer historical perspective, are still supportive for growth. I had a 13.3 % 30 year mortgage! Erase the decade and a half of Zero Interest Rate Policy and we're in a solid economy, if we also talked about our fiscal deficit. out of line spending! Maybe it just me talking my book, but it is the revenge of the saver that almost NO ONE EVEN RECOGNISES AS "NORMAL". I do not think inflation is under control - IT IS STICKY. Inflation becomes problematic sticky when labor builds in COLA clauses. That's not too far off from reality. Writers guild, UAW,UPS. They have been screwed by Biden's inflation and feel deserved to claim large increases. I do not blame them! They have been screwed. When the public learns it is excess spending that is hurting them significantly, they'll no longer be inviting Joe Biden to their picket line, they'll be angry and blame the source. Only at that point, will the American public make a seismic shift to make a budget and live by it. Open up the huge resource wealth we have and participate in making money from it. Use it to pay down our debt. It becomes imperative to expose the environmental groups whose intent is to stifle our wealth creation and not compete with other countries who are making a profit from the resource harvesting. It becomes completely fair game when we do it cleaner and more efficient than anyone else. Once that evens the playing field our industrial leadership will point out the way for all other countries to do it the right way and not the environmentally damaging way. It appears to me that this transition is making progress. The Green New Deal is literally falling apart on a global basis. Germany is in recession as their "Cheap renewable energy" is not as billed and in fact is triple ours and the industry can not compete with China, Indonesia, and India. UK has walked away from net zero in 1930 and now is at 1935 (with more to continue in delays). The world does not need to punish the USA and cripple our productivity. They need to emulate it with clean technology. If China wants to do it the dirty way, let the World impose a carbon penalty tariff on everything they export. If you pollute our planet there must be a price for their dirty electricity and pollution. Once they learn to embrace the clean ways, our planet will grow and benefit in unison. Not in an under the table cheating way where cheapest is the best way to be profitable. In a world of finite resources, the cleanest and most efficient way to harvest our global resources with the least pollution is the direction we must collectively pursue. If you live in a country that has limited resources, you simply will be less prosperous. But at least your population won't be dying from excess pollution because you want to side step the costs of proper resource harvesting. The pendulum will swing to common sense,as money printing and not caring about our currency deflation (inflation) is beginning to come into focus as very bad policy. This cycle has happened before and we have learned that bad policy must be corrected. Done correctly, it will usher in great prosperity world wide. I hope 2024 is the time for that recognition to happen! Bob