Loading ...The Moscow SM is plus over 3 % today and bond rates are recovering fast…..but Ukraine is a total disaster for Russia. !!!!!!
and then this just came out…Russia may be winning this game…big story IMHO
Four European Gas Buyers Fold To Russian Demands, Pay For Gas In Rubles
It appears that Putin’s gambit is working.
Day 5
Battle for $1900 continues. Hopefully we resolve to the upside.
Silver up a little, time for a bounce? USD up again, absolutely relentless.
Check me, but I read that the only currency rising against the USD is the Ruble?
Poland will have to come up with some Rubles if they want Russian oil. Despite all the huffing and puffing, I don’t see Europe being able to do without Russian oil.
Maddog
Well said, and people have to learn to start asking questions and what their reps are going to do about it.
People can’t assume it was the same reasons as last time either.
Just what’s the alternative? They talk tech but don’t have the real and reliable, affordable alternatives.
They’re misrepresenting their tech push and going to push the country into a death spiral. In the meantime people are going to die of extreme heat and cold temperatures and go hungry.
The last time that happened was 08. Third world country’s were starving. Truckers were spending the majority of their income on gas and repairs. Food banks were running out of food.
This is all reckless abandon and gross mismanagement.
Where are they going to get the long term metals for their tech everything fit long term btw?
Tech was meant to be a tool not a rule, or to rule for that matter. They don’t even know what they’re talking about and don’t have the answers.
In California they’ve been pushing alternative energy for years and years. If it was so good, affordable and reliable why after all that time is it that it only provides 6 % of the demand. Meanwhile certain areas still suffer rolling power outs. Imagine if everyone went all electric.
The kicker is in the UK region they plan to raise prices again in winter. Like it’s no big deal.
Maybe that will make one of you come up with something lol so they can get their prize.
It’s kinda funny how some people in the city who managed to go off the grid but they didn’t like that kind. It had to come from their kind.
Makes you wonder if they know all this why are they still doing it less there getting something out of it.
Maybe Ukraine has some oil and gas to trade for all the supply’s and money they need since Biden admin is useless. Putin would probably target it though.
goldielocks
When Volker started raising rates inflation was well under way and the arguements as to why were all over the place….many said it was due to what they called WagePush inflation, where worker demands for higher wages caused it…..we can now see from afar that it was Opecs quadrupling of the Oil price that was the real cause….all the rest, such as WagePush etc were just side effects.
Debts were not a factor as such, debt was still considered bad news/risky and very lucky people lent money to Volker at @ 18 % for 30 years !!!! If u had too much debt, well u deserved what was coming.
Nor did u have governments trying to cause inflation, like now…where it has been constant for over 10 years vie QE aka money printing…..without much effect…but now u have oil prices exploding, driving energy costs, just like in the 70’s and even worse governments secretly colluding to make Fossil fuel prices 4 or 5 times recent prices, in order to make renewables look vaguely economic…..this has now triggered real inflation…..my electric bill is now up 250 % from last year and I have had good deals…
Farm input costs have gone mental, food prices are yet to reflect anything like the input costs, already around, ergo Food is going only one way …up……wage demand has yet to occur, so far price rises are being absorbed, but cannot be far off.
Basically the perfect inflationary storm is brewing, but this time we have debt mountains that are beyond comprehension and a Woke World, that will not allow any pain/hardship, neither of which allow the kind of solution Volker used…..if that ain’t a recipe for hyperinflation, then what is.????
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The Fed is in bed with the demos
For some reason I can’t see the Demos wanting the market crashing during the elections. Less they’re stuck on stupid.
I could be wrong but the Fed might want to get the damage done earlier despite commodity shortages then loosen up before Nov.
Ipso Maddog
Re hasn’t raised yet and falling apart……Yes but where is the money going?
They’re pricing it in lol Going to cash on those real good interest rates. When Paul Volcker was in office they didn’t have the virus and as far as I know, didn’t have the spending of these lefties, Wall Street wasn’t competing with first time home owners pricing them out then offering to rent to them at higher rents. As far as I know weren’t lying about the real inflation numbers to get out of paying SS.
I remember the fit they had when Trump lowered taxes for the middle class. They couldn’t stand the thought that people keep their own money. Pelosi looked like she was going to melt. This is all about them.
Maddog @ 22:33
Yer right … where is it going? Sure not an obvious answer!
“scum pushed” The PMs yes … you think the SM too?
As far as the PMs rising they can’t really stop it. Might as well be King Canute himself!
Mr Copper
It’s like for show. Talking heads saying oh don’t worry it won’t affect the market. The Fed says it wants to increase rates to .50 to get it to 2.5 by the end of the year. Real inflation yearly is at 7 %. But yet the dollar rises anyways.
ipso facto
Re hasn’t raised yet and falling apart……Yes but where is the money going ????
I remember past Fed reversals/Changes and u could see the flow…..like out of bonds into the SM or cash, or out of the SM and into Bonds, or like now out of the SM and Bonds into PM’s etc…. the action shows nowhere to hide….which tells me that it is scum pushed, not mkt driven.
goldielocks @ 22:28
Sounds like a sound strategy. 
Ipso
Psaki, is she one of the Demos saying Trump will start WW111? That Trump isn’t qualified? Maybe Trump can tell them the wrong thing to do so they’ll do the opposite.
FWIW … Just what we need …
WH PRESS SEC. PSAKI: WE ARE CONCERNED THAT IRAN WILL PRODUCE A NUCLEAR WEAPON WITHIN WEEKS.
— FinancialJuice (@financialjuice) April 26, 2022
Maddog @ 14:49
You got that right … and all the alphabet agencies would be obsessed with him!
scum gotta come in and save the close in the SM……
so just as the SM looks like it will fall off a cliff, we get crazed bargain hunters paying any offer…….well…where are u ????
Mr.Copper
The one currency the dollar is weak against is the Ruble !!!!…as are all others !!!!!
U could say the the main Gold backed currency is winning !!!!
But I think the Dollar strength is down to the scum ‘painting’ it strong…..
Maddog @ 14:52 Re Strong Dollar, Its Traded On The Futures Market, and everything is traded in USD.
So its like automatic inverse. If you are in Europe and want to invest in or buy USD contracts, you have to convert your Euro into Dollars first. All those lower valued currencies countries must be seeing VERY high oil prices. At the same time the High USD is giving us a discount of oil prices. Gold too at discount.
Its all too complicated to explain it all. So we could even say the strong dollar in SOME respects is helping keeping gasoline and oil down, good, but kills our exports businesses. Killing certain stocks and helping others too it seems.
The idiots had no business messing around with the Invisible hand of capitalism. But they DID a long time ago. So THEY took responsibility. They took it off Auto Pilot, and flying manual. So they have to do all the work and deal with the abnormalities and pricing distortions.
Mr.Copper
Re strong Dollar…that too is madness, as none of the Western currencies should be strong here, they are all up to their eyes in debt and consequently only have one future…imminent collapse……
Gold should be winning against them all…so a strong dollar to me is nothing but the scum painting pictures.
ipso facto
Stating the obvious…imagine if they had found similar dodgy deals with Trump and his children…it would never be off the front page !!!
U.S.D. 102.31: It Looks Like The Rest Of The World, Wants A Strong Dollar.
Most of the time, they get what they want, and the USA gets the shaft. I think even Trump was complaining about that. There was a time when it was very important to DROP the US Dollar. From 2001 9/11, the USD was at 120, they dropped it after that date down to 72 in 2008.
They gave us the 9/11 stimulation until it busted in the summer of 2008.
USD 120 to 72: Postscript Document (mrci.com)
1.5 year view climbing Dollar for Europe et al benefit:
https://finviz.com/futures_charts.ashx?t=CURRENCIES&p=w1
Ten year bond yield down a little, 2.77% today from 2.92 3-4 days ago.
Parts of the energy sector look good, ARCH+20%, CENX+9%, BTU ARLP etc, Steel sector doesn’t look bad. But geez its hard to trust any trends these days.
Anybody have a no brainer idea?? Pass it on.
PS when the manipulators dropped the USD to 72 in 2008, it rammed or inverted Oil up to $145/bbl with zero extra demand. Just a stupid adjustable unit of account. The high priced Oil caused over production of, and curtailed use of supply, and down the price went to $35/bbl in a few months. Geez, people are trying to do business, or deal with their daily lives, and we have these idiotic influences zigging and zagging everything.