The FED's interest rate policies are pushing the U.S. economy
into a major decline. Housing is in free-fall, supply chain problems
persist, diesel fuel is in short supply, and world food production is also facing shortages.
Labor strife is just ahead from the rail unions and airline pilot demands. The birth/death rate adjustment in October was only 440,000 and upcoming tech layoffs will
help the economy to fall further into recession.
The outlook for a Democratic party hold on a majority on either
the House or Senate continues to look doubtful. More importantly,
the shift looks even worse at the state and local levels.
OPEC decided to reduce crude oil output beginning in November.
Crude prices are already headed higher. The Biden
administration has lost its leverage in the Middle East thanks to
its decision to reduce U.S. oil & gas production.
Shadow Government Statistics suggests the Biden Administration
economic reports are incorrect. The third quarter GDP report and the
massaged October 2022 jobs report as presented by the
Biden administration were the result of smoke and mirror adjustments.
Until Congress stops spending deficit dollars, the outlook is
bleak. While the U.S. dollar appears strong against the rest
of the world, it will be just a matter of time before its value
Do not be surprised if the NASDAQ falls through 8,000, the SPX
to 2,500 and the DJIA sees the 25,000 level.
Until the Biden Administration takes seriously the impact of
open borders and a failed education system, the outlook is less
Remember -- "Only purchasing power counts!"
Remember to ... "Keep It Safe, Simple and Stay Focused!" going
November 1, 2022