Oil is getting hammered like the rest of the market. The dollar is being bot, but there is no real significant spike. Also oil seems to be ignoring what is transpiring in the Gulf….
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HELLS YES
Seriously, even when we’re “all doing lines of blow off gasoline pumps” (favorite line in the history of the interwebs, btw), housing was always going to the be the anchor to any kind of rampant inflation. Housing was not going anywhere. And it will continue to go nowhere, because we’re up to the gills in debt. There’s no more capacity for debt. To get inflation, you need some semblance of demand and without an apetite for debt, you ain’t gettin’ no demand. Throw in an exogenous event that derails the world’s third largest economy, and lo and behold, it’s all about the dolla dolla bill ya’ll.