So the fed in all their wisdom have reduced rates to stimulate economies and blown a massive housing bubble. Behold the fed phd's finest work in action. Now oil is at a 7 year high and well on it's way to 100. It's busted all prior resistance levels. I wonder how economies can cope with > 100 oil. Very different times to when oil was last at 100. What a shite system. Fiat and Keynes is predicated on pleasure without any pain. Incidentally when this falls over my bet is the west will blame china. Especially considering covid.
