Losing faith in the value of the dollar in the face of our crazy fiscal position?
The one thing that baffles me is energy prices. We haven't seen this oil/gold ratio since the pandemic, when demand for oil plummeted.
The one thing that baffles me is energy prices. We haven't seen this oil/gold ratio since the pandemic, when demand for oil plummeted.
The only exception is the stock market but I believe there’s a lot of literature that if you remove the AI stocks from that there isn’t much S&P growth either.
Additionally with the dollar dropping over 10% the stock market real increase isn’t as high as it appears either.
also, manufacturing and shipping just fell off a cliff.
GDP is no longer tied to fuel consumption. You can't fight near-free "fuel" and near-zero opex, the renewables slice is only going to increase. I wouldn't trust any metric or rule of thumb tied to coal/oil/gas prices any longer.
butchered quote: 99 buyers, 100 sellers: price goes down, 101 buyers, 100 sellers: price goes up.