When I first visited Western Europe decades ago, I was amazed at how expensive it was. Especially France - accomodation fair, but food,food service,bars, fuel, and many goods very expensive. No European G20 country I visited was cheap. Reports from people i know that live there suggest nothing has changed. What is the price of a litre of petrol over there I wonder?
On point to the convo here yesterday re inflation mimicking the 70s, Steve Van Metre released this video yesterday.
@ 6:20 "at no time in history has the fed ever engineered a soft landing"
@10:25 "the Fed does not listen to the Bond market"
@14:35 "demand is comign down"
@15:25 "rising inventories against a backdrop of lessening demand"
@17:20 Fed thinks its asupply problem " Maybe stores need more good on their shelves" LOL
@20:00 US fuel inventories way up - energy sector indicating consumer demand is decreasing.
Covid money was touted as having run out Q3 2023
Get ready for SHTF.
XJO - Bear Posts only (Factors which might cause the markets to fall), page-14126
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| XJO (ASX) Chart |