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New home sales, existing home sales, crude oil

Summary:
Settling back to pre-covid levels: After cutting price to shut down the higher cost producers, particularly US shale, the Saudis have moved prices back to pre covid levels and may be going higher, particularly if they feel oil’s days are numbered…

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WARREN MOSLER considers the following as important:

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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

Settling back to pre-covid levels:

New home sales, existing home sales, crude oil

New home sales, existing home sales, crude oil

New home sales, existing home sales, crude oil

After cutting price to shut down the higher cost producers, particularly US shale, the Saudis have moved prices back to pre covid levels and may be going higher, particularly if they feel oil’s days are numbered…

New home sales, existing home sales, crude oil

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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