One of the world's biggest Tech Companies @Microsoft just jumped into our industry. Our 'ZEUS' & 'ODIN' Advanced Portable Microreactors are exactly what $MSFT senior job hire is suppose to assess "...tasked w/ leading the technical assessment for the integration of SMR & microreactors to power the datacenters that the $MSFT Cloud & AI reside on." SMALLER, CHEAPER & SAFER - POWERED BY US AT @HALEUFuel #NuclearEnergy #Disruption #GameChanger
https://t.co/cy7ih9B1GV
Oil has already traded above $95 tonight. This is likely going to be a historic move up in #oil prices. Oil traded at $150 per barrel in 2008. Think about all the #inflation global central banks have created since then. At a minimum this bull run won't end until $300 per barrel.
Right now 6-month T-bills yield 5.5%. But a 10-year T-bond only yields 4.5%, and a 30-year T-bond yields just 4.6%. If the yield curve were to normalize to levels prior to the GFC, with 6-month T-bill staying the same, 10-year T-bonds would yield 6.5% - 7%, and 30-year 7% - 7.5%!
On the #UAW picket line, #Biden said "the middle class built the country and unions built the middle class, that’s a fact." The fact is that capitalism built the middle class and racketeers built the unions. The middle class would have been far better off without labor unions.
GAETZ: "We are devaluing American money so rapidly that in America today, you can’t even bribe Democrat Senators with cash alone! You need to bring gold bars to get the job done, just so that the bribes hold value!"
Oil is over $92.50. Oil prices and interest rates will keep rising, so the cost of living will keep going up at a blistering pace, as #inflation pushes up the price of energy, debt service, and just about everything else. How much longer can #gold fall while #oil prices surge?
Since the #oil price just jumped above $94 and the dollar is rising, oil prices outside the U.S. are rising even more than they are here. That will put even more pressure on foreign central banks to step up the pace of their own rate hikes, which should be bearish for the dollar.
Defaults are not the issue any more. It's the mortgages themselves that are the problem. Banks would actual be better off with more defaults. Then they could tear up the 3% mortgages and resell the houses at higher prices with 8% mortgages.
Banks are in far worse financial shape now on their residential mortgage books then they were in 2008. Back then banks only lost money on the small percent of borrowers who defaulted on their mortgages. Now banks are losing money on every borrower who pays their mortgage on time!
If you were born 90 years ago, congratulations. The US dollar has lost over 96% of its value since the day you were born, and is now worth about the same as 4 cents would have been to you that day.