by Not looking good: Russians and Saudis now cooperating to set crude oil prices.Not good: Post covid fiscal contraction is underway and debt/gdp is forecast to fall a lot further.Most of the Federal assistance was the likes of unemployment benefits which havenow expired and new spending programs from Congress seem to be not happening,at least any time soon. Also, higher prices mean the inflation adjusted value of theoutstanding public debt falls which is a drag on private sector spending as agents seekto sustain the value of their savings:
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WARREN MOSLER considers the following as important: Economic Releases
This could be interesting, too:
WARREN MOSLER writes Consumer sentiment, real retail sales, industrial production, wages
WARREN MOSLER writes New manufacturers orders, vehicle sales, unemployment claims, rents, oil prices
WARREN MOSLER writes Saudi price hike, private payrolls, new hires, corporate profits
WARREN MOSLER writes Pending home sales, Durable goods orders, oil rigs and production
Not looking good:
Russians and Saudis now cooperating to set crude oil prices.
Not good:
Post covid fiscal contraction is underway and debt/gdp is forecast to fall a lot further.
Most of the Federal assistance was the likes of unemployment benefits which have
now expired and new spending programs from Congress seem to be not happening,
at least any time soon. Also, higher prices mean the inflation adjusted value of the
outstanding public debt falls which is a drag on private sector spending as agents seek
to sustain the value of their savings:
