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July 2017
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Oil canary signing

                As the markets creep higher and higher while the Fed is impotent to make a move out of fear, inflation is slowly creeping into the economy.  Crude is now nearing 80, a level that is only recently considered a new norm.  Gold has had a 10% correction from 52 weeks high but is still soundly above 1,000.  Everything is more expensive, even the new mergences of mergers are once again getting executed at 6 to 1 leverage (dumb bankers).  Mortgages are creeping higher so pressure for lose lending is once again mounting.  Haven’t we learned anything from the last bubble?  Oh well, I guess 75 dollar per barrel of oil is the new target norm.

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