Look for higher interest rates. Savings that might have been used to fund past borrowing must now be directed to current expenses. Lenders begin to think their money might be safer at home.
The evidence of Trump is not so much mentally unbalanced, as so myopic on his view and opinion that when something doesn’t react as his world view (trumpvision) anticipates, he gets confused. I still find it ironic that the media grabs that speculation instantly and yet didn’t “see” Biden’s obvious lack of cognitive function for years!
Biden's cognitive decline was apparent early on in his Administration.
I vividly recall the filming of an interview he had with the King of Jordan. Biden was unable to carry on a conversation in this one on one setting.
The Jordanian was so concerned with Biden's condition that he leaned toward him to ascertain if there was something obvious that was hobbling him.
Biden simply looked left toward the camera with a goofy smile saying nothing oblivious that someone was sitting in front of him nearly knee to knee.
I am still amazed that no investigative journalist has probed why Biden's immediate circle apparently put their interests ahead of his well being.
Had they done so, his wife in particular, then he could have retired with dignity in time for the Democrats to propose a candidate more plausible that the last minute panic choice they made.
Well Bill, I agree there are some rough times coming. Prices are going to go crazy I think. We've been through some crazy periods a few times in the last 50 years and this to shall pass. I agree 100% with Dan's closing comment, STAY IN THE MAX SAFETY MODE. For those of us over 75, it's no time to play chicken with Mother Nature!
Opinions, opinions, opinions. You know the old saying: “Opinions are like a**holes. Everyone’s got one.” Stockman’s is doom and gloom no matter how this war settles due to the interruption, even temporary, of the oil trade. Bill thinks DJT is crazy, claiming that the majority of Americans agree [wonder if he got that stat from MSM or just pulled it out of his opinion]. One opinion I do agree with is that if the Congress goes liberal, DJT is gone. Impeached and maybe imprisoned. So, between Stockman and Bill, DJT is gone as well as America’s prosperity. Oh well, guess there isn’t any reason to try cause we are doomed along with the Orange Man. Or maybe, their opinions are wrong. No wait, that cannot be the case. After all, Bill [and Stockman for that matter] have been claiming doom and gloom for several years now. If everyone that paid Bill money for financial advice strictly followed Bill’s advice, they have missed NVDA’s gains, and many more if one need only look. If everyone followed Bill’s advice, they have missed the dividends that have been paid by the pipeline equities, oil companies’ growth and dividends and some mutual funds that are paying double-digit dividends. I agree that a “correction” is coming. It is always coming. Predict rain and sooner or later it will become an accurate prediction even in the desert. But, by God, Bill was right … eventually.
Just a question? How many of you had big time investments exposed to the marketplace when Paul Voker took the 30-year US Treasury to 13.45%? I'm betting that most of you were at almost nothing.
In 1980 the US Debt Clock shows $882,198,310.00 and my farm operating loan was on its way to 23%. That same US Debt Clock now is reading $38,917,995,600.00. Does anyone see a "Voker Repeat" coming?
I also voted for Trump, but it is time to face the fact that he is on his 6th year as President, and I yet to see any evidence that he ever gave a damn about the future economic state of this nation.
"DJT is gone as well as America's prosperity". If the US is prospering why is there a need for a federal deficit of $2.5 trillion this year? Where would the so-called prosperity be if both teams hadn't increased the national debt by over $33 trillion just this century? If the US was really prospering wouldn't we be paying down the debt instead of bequeathing it to future generations?
But his six bankruptcies have made clear he is an abysmal resource manager.
In addition, he's a documented prevaricator, well known philanderer, sexual predator, tax cheat and megalomaniac surrounded by supplicants whose employment is predicated not on performance but on their ability to shower him with exaggerated accolades.
And, now by waging war on behalf of another country no threat to us, he's created higher prices and food shortages for untold billions of non combatants worldwide.
Axios Bank, a small American Bank recently loaned Trump 225 million. He is however having a spat with Chase. Bankruptcy is a strategic tool used differently depending on your business prowess.
Al Gore cheering for Trump? Greta Thornberg hoping the Strait stays closed? This is possibly the largest curtailment of oil use ever. Much larger than carbon credits or protests ever produced. Perhaps even China coming to the bargaining table with rare earth metals. Lots of groups pulling for Trump that we haven’t thought about.
Look at the Administration. They continue building an entire empire on debt and flavored gasoline. That’s amazing. You know what President Trump did? He turned the national treasury into a scratch-off lottery ticket. China’s asking, “How can you owe this much money?” And Trump said, “Easy, we stopped teaching math in school and replaced it with motivational podcasts.”
The Strait of Hormuz gets blocked and suddenly the Administration acts like medieval peasants discovering winter. No oil? Half the country collapses because their refrigerators can’t connect to WiFi. We are one broadband outage away from eating decorative candles.
And President Trump says, “We must defend democracy!” Meanwhile every supermarket has three potatoes left, and one of them is serving in Congress.
Now everyone thinks buying crypto backed by beef jerky counts as infrastructure. The US owes enough money to purchase the moon twelve times, but they’re lecturing China, Russia, and Iran about stability? Yeah…coming from a guy who looks like a casino owner and learned economics from energy drinks.
“Markets are experiencing dislocations?” What a cute phrase, like saying the Titanic experienced moisture. Maybe the problem isn’t oil. Maybe the problem is these lunatics financing civilizations with infinite debt and scented candles. So the US is collapsing. I dunno. Seems bad.
Everyday President Trump says everything’s under control, which is usually what a pilot says right before the mountain gets involved.
You ever notice how people panic about weird stuff? Oil disappears, fertilizer disappears, food disappears. But the stock market goes up and everybody says the economy’s healthy. That’s like being trapped in a burning house and saying, “Yeah but the wallpaper’s doing terrific.”
And the world asks…”Will democracy survive?” Democracy left three exits ago carrying a duffel bag. The President’s advisers are all standing around going, “Sir, the treasury market’s collapsing.”
The Treasury market? Sounds like a pirate mall.
I think the weirdest thing about empires is they always collapse wearing business casual attire. You know what finally destroys the empire?
Not war. Not oil. Not Russia, China, or Iran. A guy waiting in line for gasoline for seven minutes.
What will be unfolding at unprecedented scale during the months ahead is dislocations, screaming imbalances, severe bottlenecks and absolute physical shortages in global markets for upwards of 200 million BOE of liquid petroleum, LNG, LPGs and hydrocarbon processing by-products — fertilizer, sulfur, helium, aluminum etc. These unfolding dislocations will be roiling the global economy like never before.’
Why don't we give Iran a nuclear bomb and see if the situation gets better or worse? Every country across the globe should be supporting the US effort and pull the teeth out of this regime once and for all. The people of Iran deserve more.
Mr. Nelson, Maybe that's the best way to go or Pres. Trump goes political and pulls out of the Strait of Hormuz soon so gas prices can come down well before the midterms, then return in 2027 and deal with the mullahs some more if Mossad and the CIA find that the mullahs are up to no good again. The Democrats are all about political, so why not the Republicans---pertaining to the midterms?
I'm not certain if Bill has turned hard left or what exactly is up with him? But in his essay today, he noted that the Iranian people have been toughened up because of outside forces persecuting them for so long. But no mention of the mullahs imprisoning, torturing, and murdering them if they speak out against the government. He seems to be heading the same way with the ChiComs, praising them for various economic moves, but silent about them spying on their citizens via extensive video and financial transaction monitoring (like "1984"), their one-party state, and the concentration camps and political hospitals they place dissidents in. The old Bill would at least try to balance things. Not much anymore.
So The Hill, a librial legacy media, says "most" people say Trump is physically and mentally unfit for the office of the presidency according to their poll. Most of your readers are highly critical thinkers. And as such a generalized comment without the benefit of at least some supporting poll methodology is not fit for print; it is just more propaganda Moreover, it my belief that the American people are sick and tired of impeachment hearings and other gotcha congressional hearings into the Trump administration is enough for Trump to win the midterms and not the other way around. And as far as the pain at the pump and other related factors resulting from the oil shortages, I believe the majority, although a slim majority, will support Trump's policies that led to the shortages but making the world a safer place.
It is quite ironic how the world depends on “regimes” in good times as well as bad, in peace and in war. We didn’t get regime change in Iran, we got regime wipe out. So when it comes time to negotiate for peace, to agree to terms, there is no regime to negotiate with. Anarchy(meaning no state) is a perilous way to end a war. You don’t even know who you are talking to and whether what they say has any meaning whatsoever. And besides, they were liars to begin with, so it’s double jeopardy. The Israelis are right, negotiating with Iran is a complete waste of time. When the smoke clears, we are left with mirrors. No one will be able to separate the fly shit from the pepper.
Israel started the war with Iran while negotiations were taking place and now says that negotiations are a waste of time. Speaking of lying Nuttyyahoo has been warning our government that Iran was weeks away from acquiring a nuke since the 1990s. And you trust the Israelis?
Hmm..I have to ask>>why didn’t DJT wait til after midterms to bomb Iran..and if he and cia Mossad ect knew Iran was about to let loose something terrible im sure media would have smelled it out..also why didn’t DJT just wait it out bc the most immediate threat was to Iran immediate neighbors..not to mention European countries..plz explain those two points ..so go figure why he pulled trigger when he did…I think it was to cover something else ..I think Israel could have handled most immediate threat w/o involving US..
Bill, you forget to take your TDS meds this morning? You rant and rave about DJT approval ratings but you never say who has ratings much lower than him. Here's a hint - they are the money launderers who ran up a $39T credit card bill (and counting). So when you lament the debt put the blame where it belongs - Congress!
An election is nothing more than the advanced auction of stolen goods. Been like that forever - both sides do it except for the last two cycles where the winners wanted retributions............
The softness of a querulous WeThePeople was a conviction of the Japanese military rulers and Third Reich Fuhrer when they chose to go all in against the USA How did that work out for them? On the other hand, fans of China, Iran, the "other Semites" (i.e. Muslim Arabs) have been diligently doing what they could to dismiss the disappointing electorate resistant to their enthusiasms and thus transform WeThePeople into a more pliant civic deity ready to give unrestrained socialism another try.. How are they doing? We will find out soon enough.
Who will get stuck for the impending disaster in California as its reckless EU like dependence on refined oil products emerges after years of smothering domestic oil production, pipeline distribution and refining capacity? You can be sure that neither political team will accept the true answer: both of them.
Dear Bill .. let us all pray that the Trumpet stays alive and finishes the job he was intended to do please oh Master of the universe may his demented mind last until Satins empire has collapsed!
The evidence of Trump is not so much mentally unbalanced, as so myopic on his view and opinion that when something doesn’t react as his world view (trumpvision) anticipates, he gets confused. I still find it ironic that the media grabs that speculation instantly and yet didn’t “see” Biden’s obvious lack of cognitive function for years!
Tony, spot on.
Jim Marshall
Biden's cognitive decline was apparent early on in his Administration.
I vividly recall the filming of an interview he had with the King of Jordan. Biden was unable to carry on a conversation in this one on one setting.
The Jordanian was so concerned with Biden's condition that he leaned toward him to ascertain if there was something obvious that was hobbling him.
Biden simply looked left toward the camera with a goofy smile saying nothing oblivious that someone was sitting in front of him nearly knee to knee.
I am still amazed that no investigative journalist has probed why Biden's immediate circle apparently put their interests ahead of his well being.
Had they done so, his wife in particular, then he could have retired with dignity in time for the Democrats to propose a candidate more plausible that the last minute panic choice they made.
Well Bill, I agree there are some rough times coming. Prices are going to go crazy I think. We've been through some crazy periods a few times in the last 50 years and this to shall pass. I agree 100% with Dan's closing comment, STAY IN THE MAX SAFETY MODE. For those of us over 75, it's no time to play chicken with Mother Nature!
Jim Marshall
Jim, the debt will not pass, well it might in inflation terms, everyone apart from the elites getting less well off
Kevin, yes the debt will not pass but those who have assets that keep up with inflation will stand a better chance to survive going forward.
Jim
Opinions, opinions, opinions. You know the old saying: “Opinions are like a**holes. Everyone’s got one.” Stockman’s is doom and gloom no matter how this war settles due to the interruption, even temporary, of the oil trade. Bill thinks DJT is crazy, claiming that the majority of Americans agree [wonder if he got that stat from MSM or just pulled it out of his opinion]. One opinion I do agree with is that if the Congress goes liberal, DJT is gone. Impeached and maybe imprisoned. So, between Stockman and Bill, DJT is gone as well as America’s prosperity. Oh well, guess there isn’t any reason to try cause we are doomed along with the Orange Man. Or maybe, their opinions are wrong. No wait, that cannot be the case. After all, Bill [and Stockman for that matter] have been claiming doom and gloom for several years now. If everyone that paid Bill money for financial advice strictly followed Bill’s advice, they have missed NVDA’s gains, and many more if one need only look. If everyone followed Bill’s advice, they have missed the dividends that have been paid by the pipeline equities, oil companies’ growth and dividends and some mutual funds that are paying double-digit dividends. I agree that a “correction” is coming. It is always coming. Predict rain and sooner or later it will become an accurate prediction even in the desert. But, by God, Bill was right … eventually.
Just a question? How many of you had big time investments exposed to the marketplace when Paul Voker took the 30-year US Treasury to 13.45%? I'm betting that most of you were at almost nothing.
In 1980 the US Debt Clock shows $882,198,310.00 and my farm operating loan was on its way to 23%. That same US Debt Clock now is reading $38,917,995,600.00. Does anyone see a "Voker Repeat" coming?
I also voted for Trump, but it is time to face the fact that he is on his 6th year as President, and I yet to see any evidence that he ever gave a damn about the future economic state of this nation.
Yep.
"DJT is gone as well as America's prosperity". If the US is prospering why is there a need for a federal deficit of $2.5 trillion this year? Where would the so-called prosperity be if both teams hadn't increased the national debt by over $33 trillion just this century? If the US was really prospering wouldn't we be paying down the debt instead of bequeathing it to future generations?
Stockman is the poster child for buying one's own hype. HIs "stuff" sold marginally in the 80s. What a drama queen. Best always. PM
DJT is not crazy except in the jocular sense.
But his six bankruptcies have made clear he is an abysmal resource manager.
In addition, he's a documented prevaricator, well known philanderer, sexual predator, tax cheat and megalomaniac surrounded by supplicants whose employment is predicated not on performance but on their ability to shower him with exaggerated accolades.
And, now by waging war on behalf of another country no threat to us, he's created higher prices and food shortages for untold billions of non combatants worldwide.
I blame the Democrats for giving us DJT
As BB would say, you got what you deserved, good and hard lol.
Jimm you obviously do not understand the business strategy in bankruptcy and the courts who support it. Trump, the multimillionaire, does understand.
Tom
I don't understand a lot of things. For example, I have no idea how to repair or replace any wiring in my car.
As for Trump's bankruptcies, I only repeat what I've learned from others.
To wit, Trump chronically abused the bankruptcy process to the point that no US bank would lend him any further money.
He did find a German bank using a Russian state bank as a guarantor. Maybe that's why he is so accommodating to Putin.
Axios Bank, a small American Bank recently loaned Trump 225 million. He is however having a spat with Chase. Bankruptcy is a strategic tool used differently depending on your business prowess.
Glad I own no shares in Chase and especially in Axios.
Al Gore cheering for Trump? Greta Thornberg hoping the Strait stays closed? This is possibly the largest curtailment of oil use ever. Much larger than carbon credits or protests ever produced. Perhaps even China coming to the bargaining table with rare earth metals. Lots of groups pulling for Trump that we haven’t thought about.
Look at the Administration. They continue building an entire empire on debt and flavored gasoline. That’s amazing. You know what President Trump did? He turned the national treasury into a scratch-off lottery ticket. China’s asking, “How can you owe this much money?” And Trump said, “Easy, we stopped teaching math in school and replaced it with motivational podcasts.”
The Strait of Hormuz gets blocked and suddenly the Administration acts like medieval peasants discovering winter. No oil? Half the country collapses because their refrigerators can’t connect to WiFi. We are one broadband outage away from eating decorative candles.
And President Trump says, “We must defend democracy!” Meanwhile every supermarket has three potatoes left, and one of them is serving in Congress.
Now everyone thinks buying crypto backed by beef jerky counts as infrastructure. The US owes enough money to purchase the moon twelve times, but they’re lecturing China, Russia, and Iran about stability? Yeah…coming from a guy who looks like a casino owner and learned economics from energy drinks.
“Markets are experiencing dislocations?” What a cute phrase, like saying the Titanic experienced moisture. Maybe the problem isn’t oil. Maybe the problem is these lunatics financing civilizations with infinite debt and scented candles. So the US is collapsing. I dunno. Seems bad.
Everyday President Trump says everything’s under control, which is usually what a pilot says right before the mountain gets involved.
You ever notice how people panic about weird stuff? Oil disappears, fertilizer disappears, food disappears. But the stock market goes up and everybody says the economy’s healthy. That’s like being trapped in a burning house and saying, “Yeah but the wallpaper’s doing terrific.”
And the world asks…”Will democracy survive?” Democracy left three exits ago carrying a duffel bag. The President’s advisers are all standing around going, “Sir, the treasury market’s collapsing.”
The Treasury market? Sounds like a pirate mall.
I think the weirdest thing about empires is they always collapse wearing business casual attire. You know what finally destroys the empire?
Not war. Not oil. Not Russia, China, or Iran. A guy waiting in line for gasoline for seven minutes.
I enjoyed your comment. Thanks
What will be unfolding at unprecedented scale during the months ahead is dislocations, screaming imbalances, severe bottlenecks and absolute physical shortages in global markets for upwards of 200 million BOE of liquid petroleum, LNG, LPGs and hydrocarbon processing by-products — fertilizer, sulfur, helium, aluminum etc. These unfolding dislocations will be roiling the global economy like never before.’
Why don't we give Iran a nuclear bomb and see if the situation gets better or worse? Every country across the globe should be supporting the US effort and pull the teeth out of this regime once and for all. The people of Iran deserve more.
Mr. Nelson, Maybe that's the best way to go or Pres. Trump goes political and pulls out of the Strait of Hormuz soon so gas prices can come down well before the midterms, then return in 2027 and deal with the mullahs some more if Mossad and the CIA find that the mullahs are up to no good again. The Democrats are all about political, so why not the Republicans---pertaining to the midterms?
I'm not certain if Bill has turned hard left or what exactly is up with him? But in his essay today, he noted that the Iranian people have been toughened up because of outside forces persecuting them for so long. But no mention of the mullahs imprisoning, torturing, and murdering them if they speak out against the government. He seems to be heading the same way with the ChiComs, praising them for various economic moves, but silent about them spying on their citizens via extensive video and financial transaction monitoring (like "1984"), their one-party state, and the concentration camps and political hospitals they place dissidents in. The old Bill would at least try to balance things. Not much anymore.
So The Hill, a librial legacy media, says "most" people say Trump is physically and mentally unfit for the office of the presidency according to their poll. Most of your readers are highly critical thinkers. And as such a generalized comment without the benefit of at least some supporting poll methodology is not fit for print; it is just more propaganda Moreover, it my belief that the American people are sick and tired of impeachment hearings and other gotcha congressional hearings into the Trump administration is enough for Trump to win the midterms and not the other way around. And as far as the pain at the pump and other related factors resulting from the oil shortages, I believe the majority, although a slim majority, will support Trump's policies that led to the shortages but making the world a safer place.
It is quite ironic how the world depends on “regimes” in good times as well as bad, in peace and in war. We didn’t get regime change in Iran, we got regime wipe out. So when it comes time to negotiate for peace, to agree to terms, there is no regime to negotiate with. Anarchy(meaning no state) is a perilous way to end a war. You don’t even know who you are talking to and whether what they say has any meaning whatsoever. And besides, they were liars to begin with, so it’s double jeopardy. The Israelis are right, negotiating with Iran is a complete waste of time. When the smoke clears, we are left with mirrors. No one will be able to separate the fly shit from the pepper.
Israel started the war with Iran while negotiations were taking place and now says that negotiations are a waste of time. Speaking of lying Nuttyyahoo has been warning our government that Iran was weeks away from acquiring a nuke since the 1990s. And you trust the Israelis?
Hmm..I have to ask>>why didn’t DJT wait til after midterms to bomb Iran..and if he and cia Mossad ect knew Iran was about to let loose something terrible im sure media would have smelled it out..also why didn’t DJT just wait it out bc the most immediate threat was to Iran immediate neighbors..not to mention European countries..plz explain those two points ..so go figure why he pulled trigger when he did…I think it was to cover something else ..I think Israel could have handled most immediate threat w/o involving US..
Bill, you forget to take your TDS meds this morning? You rant and rave about DJT approval ratings but you never say who has ratings much lower than him. Here's a hint - they are the money launderers who ran up a $39T credit card bill (and counting). So when you lament the debt put the blame where it belongs - Congress!
An election is nothing more than the advanced auction of stolen goods. Been like that forever - both sides do it except for the last two cycles where the winners wanted retributions............
I voted for trump 3 times. His spending is like that of a drunken sailor.
The softness of a querulous WeThePeople was a conviction of the Japanese military rulers and Third Reich Fuhrer when they chose to go all in against the USA How did that work out for them? On the other hand, fans of China, Iran, the "other Semites" (i.e. Muslim Arabs) have been diligently doing what they could to dismiss the disappointing electorate resistant to their enthusiasms and thus transform WeThePeople into a more pliant civic deity ready to give unrestrained socialism another try.. How are they doing? We will find out soon enough.
Who will get stuck for the impending disaster in California as its reckless EU like dependence on refined oil products emerges after years of smothering domestic oil production, pipeline distribution and refining capacity? You can be sure that neither political team will accept the true answer: both of them.
California's reckless dependence on refined ME oil products IMPORTED from China and other far east refiners.
Dear Bill .. let us all pray that the Trumpet stays alive and finishes the job he was intended to do please oh Master of the universe may his demented mind last until Satins empire has collapsed!
Charlie Garcia thinks all this back and forth is a patient waiting game by trump to see the Iranian people rise up and overthrow. And then what?