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ECONOMIC EVENTS
UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
*** CLICK HERE for link to Economic Calendars for all upcoming events.
Wednesday, September 13, 2023
Tuesday, September 12, 2023
PART V: Joe Biden's Presidential Battle For Survival: BIDEN IMPEACHMENT INQUIRY
N.B. Parts I, II, III and IV regarding President Joe Biden's massive policy blunders and scandals are described in detail here, here, here, and here, respectively, for your edification.
Due to the extensive length of the prior articles, I've had to break them up into parts. Part V begins, as follows, with the latest scandal, Biden Impeachment Inquiry.
House Speaker Kevin McCarthy announced this morning that he is directing the House to begin an impeachment inquiry into President Biden, based on a number of facts and alleged crimes they've already uncovered, which merit further investigation, such as abuse of power, obstruction, and corruption.
No doubt this will put a crimp in Joe's "Bidenomics" claim to fame, as well as his planned second-term Presidential re-election bid in 2024.
Stay tuned for eventual fireworks and more shocking revelations.
* UPDATE September 13...
You can thank President Biden's "Bidenomics" for this inflation hot mess...
And, it looks like the left-leaning press has finally begun to stop covering up Biden's non-stop lies and incompetence. Too bad they didn't wise up and fess up to the truth three years ago!
So, how much longer before Joe resigns? 🤔
However, it seems that the Biden White House Legal Counsel's office is now trying to dictate what the press should say about the impeachment inquiry.
A 'chilling' move, indeed...
There is a great deal of pushback from a variety of States against Biden's 'green energy' push, along with the disappearance of farmland and adequate food supply.
We'll see how much voters want affordable and reliable energy and sufficient food, versus energy blackouts and hunger, when they vote for President in 2024.
It's really just as simple as that. 🤔
* UPDATE September 14...
Another day...another scandal for Joe surfaced today for him and his political and media minions to spin, with three federal criminal indictments charged against his son pertaining to the illegal purchase and possession of a gun while using narcotics.
I won't hold my breath on the outcome.
* UPDATE September 15...
The coming weeks should be 'interesting'...and could get ugly...politically...
In the meantime...
Tuesday, September 05, 2023
Will WTI Crude Oil's Boom & Bust Cycles Continue?
Over the past couple of decades, WTI Crude Oil (CL) has been actively spiking and plummeting in between 40.00 and 80.00, to briefly test and spike the waters above 100.00, creating "froth," which has easily been blown off, as shown on the monthly chart below.
In so doing, a "median" price of 60.00 has been established, to where Oil either retreats in times of abundance (and lower prices), or surpasses on its way to scarcity (and higher prices).
As long as the world's supply of Oil remains in the ever-changing hands of differing political idealogues with competing energy adendas, uncertainty will continue to dominate its price, producing wild fluctuations, in the years to come.
For now, the "median" price, and, hence, "fair value," seems to be fixed at 60.00.