by New Deal democrat
My Weekly Indicators post is up at Seeking Alpha.
While most of the chatter this past week was about inflation and the Fed raising interest rates, commodities got hot again, with oil making another 7 year high.
This is both good and bad. It’s good because it shows that the global economy is really running hot. And it’s bad because, well, the global economy is really running hot – and the steps taken to cool it off are not going to be good for ordinary workers.
As usual, clicking over and reading will bring you up to the virtual moment on the state of the economy, and will reward me just a little bit for the effort I put in.