To know where inflation is going keep an eye on oil. I was giving my niece a lesson on John D Rockefeller and how he made his fortune from oil in America . We googled , there are over 6000 products made from the fractional distillation of oil ( I’m a clinical consultant, Health economist and student of chemistry , physics and maths) . It just occurred to me 🤔.As the price of oil rises so does the price of everything that gets produced from oil leading to increased prices and inflation!!! Now if inflation is said to be rising , more inflation as Greg has predicted ( which I concur ) then by deduction the price of oil is going to be sky rocketing contributed to by Russian conflict reducing supply and China increased demand this by Keynesian economic principles will lead to increase in oil price per barrel !!
Conclusion
1. Keep an eye 👁 on oil prices good indicator of inflation
2. As Greg said 10 year bond price to know what’s happening on the stock market 📈 📉
That’s it , I’m off on my Nomad wandering again, hope this helps us all to survive the madness of Feds , BoE and the other crazies !
Travelling as a pack of lions 🦁 there is safety in numbers
John D.Rockefeller was a direct relative of Nathan Mayer Rothschild. He, Carnegie, J.P. Morgan et, al. had huge backing from the Central Bankers. Henry Ford, on the other hand, had available capital in which he invested in his own assembly line production. Rockefeller knew how many developmental lines were dependent on petroleum. Many non- petrol inventors were swiftly run out of business by the shrewd Rockefeller. Nicole Tesla comes to mind. The rubber tire business was another industry that was co-opted by Rockefeller petrol interests. Natural rubber was vilified but it was a viable and recyclable product. It succumbed to a well organized public relations campaign. Edward Bernays had become very active on Madison Ave. “Sell the sizzle,” was his mantra.
Interesting you that. I did some analysis. Not all Petrol pumps charge the same price. Here in the U.K. TEXACO is charging 191p per litre where the major supermarkets 1.e Asda charge 175p , saving right there , I know the US is the same as I have family over there. How to reduce petrol costs when driving 1. Use your break less often ( drive with awareness and mindfulness)
2. Fill your car up it’s efficient on the engine fuel consumption
3. Try to drive instead of windows open use air con , air resistance ( physics) causes drag hence more energy and force is needed hence more fuel consumption
4. Large vehicles reduce air resistance so drive at a distance behind large vehicles to reduce air resistance
5. Think do I have to drive ? Walk or cycle if possible, reduce fuel consumption, reduce air pollution, increases exercise and reduce cardiovascular disease and increased health
6. Driving at faster speeds increases your fuel consumption so reduce speed , it’s safer and less chance getting a ticket for speeding
7. Allocate more time for your journey so you don’t have to rush and more time to enjoy your journey and be in the present
8. Make sure your car is well serviced to run more efficiently
We can’t control the prices ( unless we all go on a petrol strike ) , we can’t control what goes on around us ( we can to a certain degree ) but we can control how we respond to our circumstances, we have an amazing machine called the @ Mind@ put it to work and it will work for you .
Hope this helps Steve
Things I’ve discovered on my Nomad travels over 25 years
Peace & Love mate
Together 💪🏽 we’ll all get through as has shown and documented in the book of human history 🙏🏽
Thanks GM - note PDBC yearly trading range 13-22$ with very large dividend== the gains have been slow and steady not evidence of a climax top like in March at the beginning of the Ukraine conflict (where PDBC retreated to a manageable level and resumed slow steady march north; -- so if GM is right about energy, going much higher, then it has room to run --otherwise PDBC, XLE, USO, DVN and every energy stock recommended (and even those not)) are extended well over their 50 day MVA'- and of course as he notes all stocks don't go straight up.
To know where inflation is going keep an eye on oil. I was giving my niece a lesson on John D Rockefeller and how he made his fortune from oil in America . We googled , there are over 6000 products made from the fractional distillation of oil ( I’m a clinical consultant, Health economist and student of chemistry , physics and maths) . It just occurred to me 🤔.As the price of oil rises so does the price of everything that gets produced from oil leading to increased prices and inflation!!! Now if inflation is said to be rising , more inflation as Greg has predicted ( which I concur ) then by deduction the price of oil is going to be sky rocketing contributed to by Russian conflict reducing supply and China increased demand this by Keynesian economic principles will lead to increase in oil price per barrel !!
Conclusion
1. Keep an eye 👁 on oil prices good indicator of inflation
2. As Greg said 10 year bond price to know what’s happening on the stock market 📈 📉
That’s it , I’m off on my Nomad wandering again, hope this helps us all to survive the madness of Feds , BoE and the other crazies !
Travelling as a pack of lions 🦁 there is safety in numbers
Take care & Be well 🙌🏾
John D.Rockefeller was a direct relative of Nathan Mayer Rothschild. He, Carnegie, J.P. Morgan et, al. had huge backing from the Central Bankers. Henry Ford, on the other hand, had available capital in which he invested in his own assembly line production. Rockefeller knew how many developmental lines were dependent on petroleum. Many non- petrol inventors were swiftly run out of business by the shrewd Rockefeller. Nicole Tesla comes to mind. The rubber tire business was another industry that was co-opted by Rockefeller petrol interests. Natural rubber was vilified but it was a viable and recyclable product. It succumbed to a well organized public relations campaign. Edward Bernays had become very active on Madison Ave. “Sell the sizzle,” was his mantra.
Brilliant 👏🏽
Your niece is well informed.
what about demand destruction? as gas reaches $5 gal people will stop driving. Its already costing me over $100 to fill my F150.
Interesting you that. I did some analysis. Not all Petrol pumps charge the same price. Here in the U.K. TEXACO is charging 191p per litre where the major supermarkets 1.e Asda charge 175p , saving right there , I know the US is the same as I have family over there. How to reduce petrol costs when driving 1. Use your break less often ( drive with awareness and mindfulness)
2. Fill your car up it’s efficient on the engine fuel consumption
3. Try to drive instead of windows open use air con , air resistance ( physics) causes drag hence more energy and force is needed hence more fuel consumption
4. Large vehicles reduce air resistance so drive at a distance behind large vehicles to reduce air resistance
5. Think do I have to drive ? Walk or cycle if possible, reduce fuel consumption, reduce air pollution, increases exercise and reduce cardiovascular disease and increased health
6. Driving at faster speeds increases your fuel consumption so reduce speed , it’s safer and less chance getting a ticket for speeding
7. Allocate more time for your journey so you don’t have to rush and more time to enjoy your journey and be in the present
8. Make sure your car is well serviced to run more efficiently
We can’t control the prices ( unless we all go on a petrol strike ) , we can’t control what goes on around us ( we can to a certain degree ) but we can control how we respond to our circumstances, we have an amazing machine called the @ Mind@ put it to work and it will work for you .
Hope this helps Steve
Things I’ve discovered on my Nomad travels over 25 years
Peace & Love mate
Together 💪🏽 we’ll all get through as has shown and documented in the book of human history 🙏🏽
Thanks
Waiting on a pullback on PDBC before I add more. Thx for the heads up 👍🏼
Thank you for the update, Greg!👍👍
Thanks GM - note PDBC yearly trading range 13-22$ with very large dividend== the gains have been slow and steady not evidence of a climax top like in March at the beginning of the Ukraine conflict (where PDBC retreated to a manageable level and resumed slow steady march north; -- so if GM is right about energy, going much higher, then it has room to run --otherwise PDBC, XLE, USO, DVN and every energy stock recommended (and even those not)) are extended well over their 50 day MVA'- and of course as he notes all stocks don't go straight up.
Yes I was pondering profit take
I would start to scale out personally. It's up there.
Took profit. Thanks!
Thanks Greg. Bought some and will sell off half my holdings and it it falls will buy back in.
Copy that thx sir
It is at the top of its Bollinger Band and the RSI is around 70. Will probably see some weakness.
Thanks for maintaining insight.
Thank you, at your first recommendation I got in.
Thanks Greg!
technicals show it filled the gap in the chart formation and is ready to relax before taking a further move....
When we getting together Greg? I need a shot of whiskey.
Cheers Greg 👍🏽