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Consumer sentiment, oil prices, federal debt/GPD

Summary:
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:

Topics:
WARREN MOSLER considers the following as important:

This could be interesting, too:

WARREN MOSLER writes Existing home sales, new home sales, durable goods orders, consumer sentiment, personal consumption and income, tax receipts

WARREN MOSLER writes Housing starts, nat gas, retired workers returning

WARREN MOSLER writes Industrial production, retail sales

WARREN MOSLER writes Jolts, consumer sentiment

Not looking good:

Consumer sentiment, oil prices, federal debt/GPD
Russians and Saudis now cooperating to set crude oil prices.
Not good:

Consumer sentiment, oil prices, federal debt/GPD

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:

Consumer sentiment, oil prices, federal debt/GPD

WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

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