An astute Democratic Party administration would re-label these as the "chemical industry" (which they actually are...) and strongly promote them. There's a big 340k barrel per day oil refinery (chemical plant) in Philadelphia, right by his native Delaware, that currently sits idle.
INFLATION--FED's cutting rates again...
- Thread starter Chop
- Start date
Argentinian bonds?
Maybe it’s time to change the title of the thread…
10 things you need to know about disinflation | Zero Hedge
10 things you need to know about disinflation | Zero Hedge
This article says USD will still be reserve currency even if oil is bought in yuan because no one wants to invest the yuan in China - it will just be converted back to USD.
Contrarian Thoughts On The Petro-Yuan And Gold-Backed Currencies | ZeroHedge
Contrarian Thoughts On The Petro-Yuan And Gold-Backed Currencies | ZeroHedge
Fed's Williams says Fed needs more rate rises to cool inflation
"NEW YORK, Jan 19 (Reuters) - Federal Reserve Bank of New York President John Williams said on Thursday the U.S. central bank has more rate hikes ahead and sees signs inflationary pressures might be starting to cool off from torrid levels.
“With inflation still high and indications of continued supply-demand imbalances, it is clear that monetary policy still has more work to do to bring inflation down to our 2% goal on a sustained basis,”"
"NEW YORK, Jan 19 (Reuters) - Federal Reserve Bank of New York President John Williams said on Thursday the U.S. central bank has more rate hikes ahead and sees signs inflationary pressures might be starting to cool off from torrid levels.
“With inflation still high and indications of continued supply-demand imbalances, it is clear that monetary policy still has more work to do to bring inflation down to our 2% goal on a sustained basis,”"
Even a global recession may not bring down inflation
Inflation Battle is Not Over
(Fed Remains Hawkish)
https://www.nytimes.com/2023/01/16/business/core-inflation-europe-eurozone.html
"Core Inflation Keeps Policymakers ‘Up at Night’"
Inflation Battle is Not Over
(Fed Remains Hawkish)
https://www.nytimes.com/2023/01/16/business/core-inflation-europe-eurozone.html
"Core Inflation Keeps Policymakers ‘Up at Night’"
Smaller Fed rate hike may augur end to 'ongoing' increases
"Slowing inflation isn't low inflation, and a smaller rate increase doesn't mean the central bank is ready to pause yet."
"Slowing inflation isn't low inflation, and a smaller rate increase doesn't mean the central bank is ready to pause yet."
https://www.cnbc.com/2023/01/19/chinas-recovery-may-mean-the-fed-will-have-to-hike-rates-longer.html
- A stronger China increases the chances of a stubbornly hawkish Fed, Raymond James’ equity strategist Tavis McCourt said in his 2023 Outlook.
- St. Louis Fed President James Bullard said a reopened China makes him “nervous that will lead to upward pressure on inflation.”
If I was Fed Chairman (and it's a good thing I'm not...), I'd probably do a series of 0.25% hikes, only stopping in the Fall. If inflation starts rising after no hikes in the Fall or next Winter, then resume some more 0.25% hikes. Once you're getting close to equilibrium, you don't want to push it too hard either way.
Stagflation!
Monahorns
10,000+ Posts
Energy prices are back up and will continue because of Biden's policies. So nothing good there.
Monahorns
10,000+ Posts
If I was Fed Chairman I would set up a runway for ending the Fed and taking money supply out of the hands of a socialistic enterprise.
They are all jawboning about raising interest rates to make sure everyone understands they take inflation seriously. They are doing this to keep stock prices down until the job is done, less a bull market keeps labor rates higher than needed.
Well then, that settles it.
Apparently no one at CNN buys eggs.
You can tell those CNN people are all raising their own chickens. They have that self-reliant look about them.
I hadn't considered that, but you might be onto something.
Facing Addiction
1,000+ Posts
They don't need to. They so often have egg all over their faces. Somebody must be really giving it to them.
From Davos, Switzerland:
Chairman Xi of the Chinese Communist Party begs the US Fed, and other Western economies--please don't hike interest rates...
London/Tokyo/Sydney | Chinese President Xi Jinping has urged the West not to increase interest rates because he fears it will stoke capital outflows from his slowing economy while
triggering an emerging market crisis among many of the developing countries Beijing has lent money to...
Hong KongCNN Business —
China is urging central banks in the West not to hike interest rates too fast to fight inflation as it goes in the other direction to battle a sharp economic slowdown.
Xi Jinping urges Western nations not to raise interest rates
Xi Jinping urges West not to 'slam the brakes' by hiking interest rates too quickly | CNN Business
China’s Xi Doesn’t Want the Fed to Raise Rates Either
Chairman Xi of the Chinese Communist Party begs the US Fed, and other Western economies--please don't hike interest rates...
London/Tokyo/Sydney | Chinese President Xi Jinping has urged the West not to increase interest rates because he fears it will stoke capital outflows from his slowing economy while
triggering an emerging market crisis among many of the developing countries Beijing has lent money to...
Hong KongCNN Business —
China is urging central banks in the West not to hike interest rates too fast to fight inflation as it goes in the other direction to battle a sharp economic slowdown.
Xi Jinping urges Western nations not to raise interest rates
Xi Jinping urges West not to 'slam the brakes' by hiking interest rates too quickly | CNN Business
China’s Xi Doesn’t Want the Fed to Raise Rates Either
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