".... . But being the eternal pessimistic optimist I see stagflation kicking all of North America in the nuggies . . . "
I see the country falling into recession (hopefully beginning the decline before the mid terms).
As interest rates are raised, investment will dry up.
The infrastructure money is being spent of soft infrastructure,, free laptops and internet for black kids,, etc
I remember the time of 12% mortgage rates (my first house), and 20% car loans (Shelley's Porsche).
I had a 17% second on the house.
Nothing was happening. I had just started my first business, a printing & publishing outfit in Thousand Oaks, CA..
People wandered in my door every day,, desperate for any work.
I remember one guy I hired,, looked middle manager, to work the front counter.
He stole $400 from me the first day. Trying to save his house,, possibly.
This has to affect the remesas to Nicaragua. And Mexico. And everywhere else.
I had a banker friend, a loan officer, who spent his time having lunch and playing golf with his clients.
He didn't have any money to lend.
Reagan dug us out of that hole.
If Putin doesn't pull this off,, Russian will be paying to rebuild Ukraine,, possible for decades.
There will be plenty of oil and natural gas on the international market.
If Putin pushes the wrong button,, Russia may cease to exist as an independent country.
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