Forget Recession, the key word is Stagflation.

[KINGOFSHORTS]

I keep hearing the same the same thing on the conference calls.

#1. Fuel costs.
#2 Commodities costs having an impact, raising prices and passing on to consumers.

#3 US consumers buying less, but making up profits on international sales, taking advantage of weak dollar.

#4 consumers spending on discretionary is decreasing.

yadda yadda yadda.

Right now Multinationals that pay dividends look good, and of course oil companies.

Financials, too much opacity for my tastes and I think more bad news to come.

 

[RiceRocket]

Inflation is out of control. With the big TAF auctions the past few weeks, you can see what it is doing to every major market. There is going to be a very big correction from here, once all this liquidity is done pumping into the system. January price action will be nothing compared to what's coming.

 

[KINGOFSHORTS]

With inflation and financial industry unwilling to lend each other money, holding on tight, slowing down of economy it will be an interesting 12-24 months. This is going to be slow.