I think there’s a storm coming. I’ve always thought Larry Kudlow seemed to have a pretty good read on the economy. He says we’re probably headed for a recession. We’ll see. Some could argue we’re already there.
I don’t see how we can avoid recession with the scarcity of fuel, food, commodities, and raw materials. China is starving us (which in the long run may be a good thing). Too many dollars chasing too few goods eventually something is going to give. The fuel issue alone will trigger recession, the other issues make it a perfect storm.