DEFLATION: Comin-in strong

[errolanderson]

So terrorist attacks in Israel today just as their iron dome fails the same day. US shooting down turkish drones in Syria. China making tight deals with Syria, Iran, Saudi Arabia. SPR empty.

Lets talk about that $100+ oil price again.

And you can forget about any deflation happening.

U.S. seasonal gasoline demand has now plummeted to a near 25-year low. Fuel stocks swelling . . . .

[biglentil]

Should read 50 yrs. When it comes to catalysts for inflation, nothing tops war.

[BreadWinner]

Thanks Again Errol for the investment nudge, I reinvested a load of money on your market assessment last week. Looks like it was a great decision. Darn black swam swooped in a took your cake again.

[errolanderson]

Accorded to WSJ, Treasury secretary Yellen just stated: THE U.S. WILL TAKE STEPS TO ENFORCE $60 PER BARREL OIL.

It’s too bad gov’t is trying to mess with oil prices, WTI prices would eventually reach $60 per barrel on its own (IMO).

[Old Cowzilla]

How is the U.S.A. going to push the price of oil lower when they have already dipped into there reserves big time and the air is full of planes and several wars going on consuming large amounts of fuel day and night? What is everybody using solar powered tanks !!!!

[Old Cowzilla]

Corn ,beans and canola might be the only thing to grow next year as so these refineries can get some much needed fuel for the war machine.

[errolanderson]

China’s deflation now all encompassing. Real estate collapse in-progress. Credit markets squeezed..

This is impacting all global commodities, including oil. Believe WTI oil again vulnerable to break $80 per barrel. So far Gaza crisis has not impacted Middle East flow. U.S. oil inventories have surged recently. Gasoline stocks ample. Further diesel fallout?

[biglentil]

Its hotter than a habanaro out there, interesting times indeed.

Bond market tanking, 30yr bonds have lost 46% of their value since 2020. Defaults crushing bank balance sheets, unlike 2008 there wont be a bail out but a bail in. Things have far from cooled off in the Middle East, revenge begets more revenge, another major pipeline has been destroyed in the Baltic sea, Iran causing trouble near the straight of Hormez. The Hamas leader just declared Jihad all over the world beginning Friday Oct 13. Glyphosate just jumped $2/litre.

October 14th is a ring of fire Solar Eclipse followed shortly after by a Lunar Eclipse if you are at all into astrology. Its said millionaires do not concern themselves with astrology billionaires do.

For everyone's sake lets pray that cooler heads prevail, but have some paper towel on hand if and when the fecal matter touches the rotary air mover.

[sumdumguy]

Time to start buying bonds, opportunity knocks.Soon they’ll be giving them away. 😂

[jazz]

Time to start buying bonds, opportunity knocks.Soon they’ll be giving them away. 😂

US is now printing up some $50B a day, $200B a week, $1T per month.

I wouldnt touch any country's sovereign debt with a 20 ft pole.

Farmland sure looks good though, up 17% last yr. in Sask.