A new year is upon us, and just some thoughts.
Thus returning to my thoughts and opinions. Which could be about anything.
The presidential election is over, but politics is never over, so there is that.
The economy is something of interest, which includes several items and becomes political.
International events might arise, which are also political in nature.
Frankly, about everything that happens anymore... becomes political, whether immigration, crime, etc.
I could summarize what transpired in 2024, but you should already know. What none of us know... is what impact it will have on 2025.
We have the debt ceiling, a new congress, a new president, wars cropping up everywhere, and the list goes on and on.
After the past few years of revisions to various previous month's economic numbers, which resulted in more positive news on date of release... we will likely start to see the truth going forward. I am suggesting the results have not been as positive as the media has proclaimed.
Energy Prices
Futures indicate that gasoline pump prices ranging from -4.2¢~+4.4¢ over the near term.
Port Strike
It strongly appears that the ILA v USMX strike will be postponed for 3 1/2 months, as that would be the most beneficial for both sides.
Tariffs
Has anyone been watching the foreign exchange market? The Yen and Yuan have been weakening against the dollar. So have a host of other currencies.
Woohoo! The strong dollar fans are overlooking what caused offshoring and will inhibit reshoring. Our trading partners are not converting all those sales in dollars... back to their native currencies. No, they are purchasing Dollarized assets, such as bonds, financials, properties, etc.
Basically... propping up the dollar. We have not learned a darn thing over the past 40 years, as to why the early 80s inflation was brought down so low, until the great covid shipping snafu.
That's it for this week.
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