Financial Sense Network Podcast - Dec 10

[dan_s]

I highly recommend that you listen to this interview.

https://www.financialsense.com/podcast/ ... on-outlook

> Fed will push interest rate over 5% in 2022, pulling inflation under 5% early in 2023
> Inflation might go down to 4% in 2024 if we have a mild recession
> Energy Sector is the only sector that will generate significant income in 2023
> The market is a "Liquidity Junkie" and energy companies have the strongest balance sheets and lots of liquidity.
> Bullish outlook is a "Small r" (mild recession) and Fed stops interest rate hikes at 5%.
> Supply Chain problems are a concern and likely to continue thru 2023
> Europe is totally screwed because they no longer have cheap energy. Manufacturing will leave Europe.
> California won't get manufacturing companies to move there because of stupid energy policies and high state taxes
> Energy Policy is EXTREMELY IMPORTANT. Manufacturing companies MUST have reliable and affordable energy.
> Oil & Gas companies are making money NOW and they have significantly reduced debt, so higher interest rates don't hurt them as much as other industries.