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  • US Consumer Spending Is Signaling Pain Ahead: Credit Weekly

    From bnnbloomberg.ca

    The US consumer is starting to buckle as rising gas prices crimp spending and the delinquency rate on credit cards reaches the highest level in more than a decade. And that’s before student loan payments restart in October. A measure of consumer confidence slumped to a four-month low in September as inflation and a deteriorating outlook for the economy weigh on people. That’s a blow given that individual spending fuels about two-thirds of the US economy, and the vast majority of Americans now have less savings than they had before the pandemic after adjusting for inflation. “Consumer debt quality is declining, ... (full story)

  •  Guest
  • | IP XX.XXX.112.81
One of the first times I see a mention of rising gas prices; the shift in US energy policy in early 2021 was the first step towards arguably one of the fastest inflationary environment ever experienced.

Revert to pre 2021 energy policy, bring US back to net oil export status and inflation will subside in 6 months or less. The cost of all transportation; food, goods, etc is tied to gasoline.

We had it pre-2021, but an asinine shift in policy olaced is where we are today.
Quoting Guest
One of the first times I see a mention of rising gas prices; the shift in US energy policy in early 2021 was the first step towards arguably one of the fastest inflationary environment ever experienced. Revert to pre 2021 energy policy, bring US back to net oil export status and inflation will subside in 6 months or less. The cost of all transportation; food, goods, etc is tied to gasoline. We had it pre-2021, but an asinine shift in policy olaced is where we are today.
Agreed, whereas I am certainly a believer in a green transition we will have to accept that running on oil and gas is srill necessary. And as long as we do so we might as well drill it ourselves instead of depositiong our freedom with MBS and Putin and the like. Just doesnt make sense and certainly does not give us more green energy.
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  •  Guest
  • | IP XX.XXX.13.203
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  • Story Stats
  • Posted: Oct 1, 2023 12:30am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 2  /  Views: 3,487

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