Oil markets are undersupplied with demand levels that are shockingly strong.
As OPEC implements production cuts and shipping rates rise, inflation is being fueled.
Supply-side inflation remains a major issue.
Follow us @KobeissiLetter for real time analysis as this develops.
— The Kobeissi Letter (@KobeissiLetter) October 17, 2023
The New Hoovervilles? RV Villages And Make-Shift Tribes On The Rise As Inflation Bites https://t.co/vcij21eT34
— zerohedge (@zerohedge) October 18, 2023
Home ownership is now unaffordable in 80% of US counties, per ATTOM.
— unusual_whales (@unusual_whales) October 17, 2023
h/t Simian_Stacker
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