Freedom Financial Archive | Originally posted Sep 30, 2022 ✓ No matter what the NGOs say, we need energy – cheap and effective energy. ✓ When energy prices go too high, inflation results. ✓ When inflation kicks in, consumer spending is lower. Happy Hump Day! I’ve got my java right next to me as I […]
Energy to Inflation to Spending Read More »
Freedom Financial Archive | Originally posted Sep 30, 2022 Let’s think about the timing of when crude is purchased and when it’s turned into product. Here is an example: China decides to buy an Angolan cargo for Nov 28th loading. Depending on the size of the vessel, it will take 2-3 days to fill it
Why Aren’t Refiners Panicking? Read More »
Freedom Financial Archive | Originally posted Sep 30, 2022 Over the last few days, as prices have soared, we’ve discussed the inflation issues. The biggest knock-on effect is the inability of people to spend, as wages lag the rise in living costs. You’ve seen headlines about salaries going higher, but the news always leaves out
Inflation – Everywhere and Always Nowadays Read More »
Freedom Financial Archive | Originally posted Sep 30, 2022 The U.S. GDP data came out today and was much weaker than estimates. Growth was negative 1.4%, but there are a few caveats in the underlying data worth pointing out. The “Fiscal Drag” accelerated as spending declined further out of the federal government. There was a
Did the US Economy Lose Its Steam? Read More »
Freedom Financial Archive | Originally posted Sep 30, 2022 The Philly Fed is a leading economic indicator, which gives us an idea of what direction the region, and by extension, the country, is going. The Philly Fed, technically called The Manufacturing Business Outlook Survey, is a monthly survey of manufacturers in the Third Federal Reserve
What’s this great leading indicator telling us? Seeing Ahead With the Philly Fed Read More »
Freedom Financial Archive | Originally posted Sep 30, 2022 The good news is China’s economy is in worse shape than the US’s. The bad news is China’s economy is in worse shape than the US’s. That means the Chinese economic cavalry isn’t coming to the rescue. A good Tuesday to you on a cloudy morning
China Won’t Save the World Economy Read More »
Freedom Financial Archive | Originally posted Sep 29, 2022 Small businesses are viewing the future with an eye of caution as their outlook on general business conditions reaches new all-time lows. The fear that businesses have is based on inflation and fears around pricing. You just need to look at the logistical nightmare that lays
Small Business Caution Read More »
Freedom Financial Archive | Originally posted Sep 29, 2022 We had another strong jobs report, which will put additional pressure on the Federal Reserve to “cool-off” the market. Powell said this week that they don’t see a wage spiral as a potential problem, but the data is showing something that is concerning and contradictor to
Strong Jobs Report Read More »
Freedom Financial Archive | Originally posted Sep 29, 2022 Rigs moved higher again with another 9 being added- especially in key areas throughout Oklahoma. We expect to see more growth in the Mid-Con as well as in Louisiana. The U.S. completions market is continuing to grind higher, and we remain on target to hit about
Freedom Financial Archive | Originally posted Sep 29, 2022 As living costs keep rising, it is important to keep track of wages, but more importantly, how fast the consumer is adding back credit. We saw a huge drop in consumer credit over the last two years as people used government transfers to pay down debt
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