flywithfitz81
Oct 2, 9:35 AM
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"Eurozone inflation hits its highest level in three years at 3.8%"
I strongly would urge Europe not to open up it's fuel reserves. Sure, there will be a short-term reprieve, but in the long run, if costs to borrow continue to rise, and oil stays elevated, it is cutting off our nose to spite our face.
We will need to refill those reserves at higher real dollar cost. Likely, much higher.
This is not an emergency yet, we should not act as it is. Inflation is a major problem, but we are funding a war during a fuel crisis and only pushing near the century's mean. This isn't horrible.
Besides, the new free trade agreements and near-future growth of the military industrial complex/Tech Sector should eat into the actual impact of higher interest.
I feel like Europe is at the bottom of the hole looking up.
https://www.cnbc.com/2026/10/02/eurozone-inflation-ecb.html
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