Cause/Effect..

 

Despite their best efforts, the world’s economic authorities seem to be becoming increasingly resigned to the fact that inflation cannot be tamed without triggering a recession. 

Federal Reserve chair Jerome Powell warned that the central bank is prepared to “bring some pain.” And after the rate hike on Wednesday, he admitted that the chances of avoiding a recession are “likely to diminish,” and an uptick in unemployment is probably on the way. 

“We have got to get inflation behind us,” he said. “I wish there were a painless way to do that. There isn’t.”

Comment:

1- The White House wanted to enact few bills with 10 Trillion dollars as Biden became a president and the party is looking for extra spending.

2- A year earlier, a fake denial of the creeping inflation as the Party claimed it's "Transitory"

3- Biden's cancelled Keystone pipeline XL, then Nord Stream 2. That followed by problems and slow delivery of Nord Stream 1, to Europe.

4- Hate towards the Russian people. US lead the G7 to enact sanctions against Russia for the Russia/Ukraine War. 

5- Russia placed sanctions on EU, as a result, prices of oil, natural gas skyrocketed, shortage of food, and inflation took off. As a result, prices of energy skyrocketed in the UK and Europe, Inflation intensified, and Recession is looming.  Just a thought.

Fear..

 

Scrambled..

 

While more than $13 trillion in market cap has been erased from the Russell 3000, the Bespoke analysts noted that five individual stocks have seen their market caps fall by more than $500 billion — Microsoft Corp., Google parent Alphabet Inc. Facebook parent, Amazon.com Inc., and Apple Inc. AAPL, 

Eighteen stocks have seen their market cap fall by more than $100 billion, including names like Tesla Inc. TSLA, JPMorgan Chase & Co., and Home Depot Inc., while five names on the list — Meta, Nvidia Corp, Netflix, Adobe Inc. and Paypal Holdings Inc. down 60% from their 52-week highs.

Total Loss up todate is 36 trillion Dollars.

Retirement..

 

The White House wants to run a fake story about who to blame for anything. It is Putin, It is the Ukraine defending Democracy, it is Trump, it is the Saudi,  Just a "Blaming Game" thought.

Kind of..

 

The Writing on the Wall..

Sum..

 

Election..

 

A congressional backlash against Saudi Arabia escalated sharply on Monday as a powerful Democratic senator threatened to freeze weapons sales and security cooperation with the kingdom after its decision to support Russia over the interests of the US.

Washington’s anger with its Saudi allies has intensified since last week’s Opec+ decision to cut oil production by 2m barrels, which was seen as a slight to the Biden administration weeks ahead of critical midterm elections, and an important boost to Russia.

But the remarks by Senator Robert Menendez, who serves as chairman of the Senate foreign relations committee, indicated a serious possible sea change in US policy.

The Democratic Party and the President have one important policy, Win the Midterm Election and the power that goes with it. Biden repeated his call to reduce fossil fuel in favor of Climate Change. That has been dismissed as the Election is around the corner.

Relax..

 

President Biden always has a controversial comment to say when he gets a chance. The White House representative always follow these comments with additional comments to explain what the 89 year old President of the United States of America meant to say.

When it comes to War and Peace, words have a great influence and meaning. Let us hope we go for Peace. God knows it's worth it.  

Just a thought.

Touchdown..

 

Help me out here Bro... We sanctioned you for five years, but now we need you.  Just a thought.

Pain..

The Federal Reserve is raising the interest Rate to slow down the hot economy. That is causing, among other current problems, a wide range of problems to the American economy and the American families. 

How did this happen? and who caused it?

In early 2020, the U.S. Congress appropriated funds in response to the COVID-19 pandemic. These funds were made possible through the Coronavirus Aid, Relief, and Economic Security (CARES) Act and other supplemental legislation. In March of 2021, additional funds were appropriated through the American Rescue Plan Act.

Action and attitude towards fossil fuel, under the "Climate Change" theory. As a result, oil production investment wasn't worth it. Not enough energy to support the economy and the prices of everything skyrocketed. A year later sanctions on Russia impacted the energy production and the prices increased again.

Since the energy prices is international, all the decisions made here in USA impacted USA and Europe, prices on oil and prices of food.  Just a thought.