Immaculate Vibes

I said no such thing. The stimulus was fiscal and monetary. Money printing is apolitical anyway. Maybe the ultimate both sides issue. I’ve always said that.

With the initial Covid Lockdowns and stimulus. I’ve been clear on that.

Money printing is inflationary. Our monetary base expanded massively in the last two years. that filters through to just about all commodities, including energy and food. The energy transition is a rapid move from reliable, energy dense forms to less reliable, but cleaner forms once they’re deployed. This has involved discouraging investment over a prolonged period of time in reliable forms of energy and their infrastructure. The result over time has been/will be shortages of energy which will cause price surges and add to inflation. Food and utility bills make up a higher proportion of lower income expenditures so they obviously feel the pain more. A secondary effect in the increase in certain commodity prices like natural gas will be increased fertilizer prices. Less fertilizer used on the margins equals less crop yields globally. While here we are only feeling relatively minor annoyances like being unable to pay your utility bill or food costs taking up more of your budget, globally we will see some level of famine coming. All that said there are a couple considerations. Putin’s invasion of Ukraine and our resulting sanctions exacerbated a lot of these forces, but as Longhorn Matt said this stuff was starting to happen before he made his move. Also, the energy transition is being undertaken in pursuit of a larger goal. Whether you think it’s worthwhile or not is up to the individual. I think people supporting the move should own it and make their case why all this is worth it. This ceo and participant in the world economic forum agrees.

More evidence we have a historically strong economy going just like Joe and his spokeswoman said. Money printing + energy transition = pain for lower class

This report counters that. I’m not aware of any disinfo connections with the Independent. In any case, looks like they will need a lot more resources.

As part of their renewables push, much of Europe banned natural gas drilling, opting to instead import from many places including Russia. That gave Putin leverage over them, emboldened him and helped fund his government. Even before Putin invaded Europe was experiencing the beginnings of an energy crisis. Electricity rates were spiking. Some of the highest electricity rates in the country, rolling blackouts in the past. All while they’re about to shut down a large nuclear plant. Nonsensical. “You’re looking at committing capital 10 years out, that will need decades to offer a return for shareholders, in a policy environment where governments around the world are saying: we don’t want these products,” he said. "Capacity is added by de-bottlenecking existing units by investing in existing refineries. But what we’ve seen over the last two years are shutdowns. We’ve seen refineries closed. We’ve seen units come down." "We’ve seen refineries being repurposed to become bio refineries. And we live in a world where the policy, the stated policy of the U.S. government is to reduce demand for the products that refiners produce," he continued.

First, no shit. Not sure why that matters. Btw look how the countries, regions that are most advanced in it are doing. Hello, Europe. Hello California. Second, it’s a broad constellation of policies. Like the Chevron ceo said, everything out of the government for a while has forecasted that they are pursuing reduced demand of refined products.

This is pretty incredible when you see it laid out. Unfortunately the most likely scenario is hiking rates to a hard landing for the economy. Then with inflation still elevated, having to print and ease again.

“Eat less food” David Dennison

🤔 15% rent increase would put cpi well over 10%

My bad. I was looking at a quote that was trailing behind.

Hot as leaked.

Thanks for posting. I favor blondes, but goddamn, Alanis has some fantastic hair here.

That’s what I was told. Location? Lake Houston Wilderness Park. Sent by friend. Snake pulled the catfish out of water to kill it. Never seen that.

Jay-Z. Love it

Lulz. Obama, Tim Geithner, Eric Holder, Janet Yellen et al would like to have a word. Quit looking at everything through a partisan lens. Grow up.

I meant the cycle of inflation. The bush/Obama bailouts of wall st definitely started our final decline. Entrenched moral hazard in the system. From that point the Fed monetary policy has basically been to benefit the financial industry. Revolving doors really got started. It basically accelerated the cycle of disenchantment that led to Trump and has continued to this day.

Counting on economic depression huh? Here’s stuff he could do. Not everything I agree with but here you go.

took down a catfish

Throwing some positive news up here for a change.

I was too busy with work to follow back then. I didn’t have any money in the market so it wasn’t really a focus. This cycle started with Trump and the initial Covid stimulus. I’ve been clear about that.

Nice try attempting to put the blame elsewhere. Because there will be more pain. But you should just own it. Your motives are pure. People will probably thank you down the line. “I’m glad we eat the bugs. Imagine how much worse it would be if we didn’t.” Surly CR-2030 Out with the old-Arab oil embargoes. In with the new-Chinese polysilicon and other raw material embargoes? Of course all this talk about supply diminishes the importance of one factor close to my heart. The money printer is always going brrrr. You’ll probably try to say I support that as well.