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Feb 3, 2023Liked by PROTECT & SURVIVE

The Fed has tamped inflation down but there are headwinds arriving from labor shortages needing higher compensation. The consumer doesn't see much decline with food, fuel and rents increasing faster than the CPI suggests. That pushes the need for more pay with hopes that spiral can be restrained.

I worry that Russian fuel production will decline as a result of poor maintenance and China returning to work increasing demand as supplies are reduced. The Fed eased a little to see if earlier hikes have been adequate given the lag in effects. I still think they will be happy with 5% rather than 2% until some government spending can get resolved. US future obligations remain an issue but not sure what that means for the UK or EU. I suspect unfunded pensions remain an issue everywhere.

The WHO is way in front of their skis. Hope they can be restrained by wiser heads. The power grab seems insane. WHO do they think they are? Quite agree the experts have really mucked things up and need to be held to account as we emerge from a nightmare.

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