RE: The Incoming Run In Commodities
You are viewing a single comment's thread:
I thought the high gas prices were Biden's fault. :) This is a very interesting analysis. I like how you point out that inflation will likely be tied to something else besides the constant printing of money. While I am sure that doesn't help, it seems to be the singular focus on the inflation narrative right now. By those who don't take the time to look at the facts and research of course!
Nice post!
Posted Using LeoFinance Beta
0
0
0.000
No people often overlook the simplest of economic concepts. Of course, the bigger problem is trying to look at anything economic as a singular activity. Markets are holistic in nature, with many variables. Also, Americans tend to only look at themselves, not realizing there is an entire world outside their borders. Few take the time to consider the impact upon the global situation.
Biden certainly had an impact upon oil since the shutting down of pipelines affects the supply of gasoline hitting the market. At some point that is really going to affect prices.
Posted Using LeoFinance Beta
Living in Michigan I don't have too much of a problem with the pipelines being shut down. Given our dependence on tourism, I can't think of anything worse than an oil leak in the straits. There has to be a better way that doesn't impact the marine ecosystem.