History..

 

In 2015, the Greek prime minister Alexis Tsipras repeatedly said that Greece would seek to mend ties between Russia and EU through European institutions, also said Greece was not in Favour of Western sanctions imposed on Russia, it risked the start of another Cold War.^[167]

A number of business figures in France and Germany have opposed the sanctions. The German economy minister Sigmar Gabriel said that the Ukrainian crisis should be resolved by dialogue rather than economic confrontation,^] later adding that the reinforcement of anti-Russian sanctions will "provoke an even more dangerous situation... in Europe".

Paolo Gentiloni, the Italian minister of foreign affairs, said that the sanctions "are not the solution to the conflict".^[1In January 2017, Swiss economics minister and former president of Switzerland Johann Schneider-Ammann stated his concern about the sanctions' harm to the Swiss economy.

Fed..

  

Federal Reserve officials signaled they are more concerned about doing too little to rein in soaring US inflation than doing too much and doubled down on plans to tighten monetary policy, so it constrains the economy, according to an account of their latest meeting. 

 Minutes from the September meeting at which the Fed implemented its third-consecutive 0.75 %-point rate rise underscored the high bar for the central bank to back off in its historically aggressive campaign to bring prices under control.

 According to the account, central bankers remain committed to “purposefully” tightening monetary policy in the face of “broad-based and unacceptably high inflation.”

So, Money has to come out of your pocket, one way or another.  

Just a thought.

CPI..

 

Consumer prices in the US rose more than expected last month in a sign that the inflation fight in the world's largest economy is far from over.

Inflation, the rate at which prices rise, was 8.2% in the 12 months to September, down from 8.3% in August.

Despite the fall, the figure was still higher than forecast.

Inflation in the US is being closely watched as the US central bank's efforts to tame the problem push up the dollar and global borrowing costs.

On the other hand, the White House Administration just continue it's failed sanctions on Russia which is causing food shortage and tripled the cost of Natural Gas, leading many European countries into recession.

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.