I agree 99% with you on this one. The only thing I disagree with is that the prices we are currently paying for fuel are due to "an entity" who stubbornly poked the bear(Russia). I guess at what I'm pointing at...
In regards to the recession, I believe it is already here. I don't see the spending of this year in my area as anything similar to what we had in 2020 and 2021.
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It's true... these things are much easier to measure in retrospect.
For example if $18k was the bottom that means we are in a bull market right now.
$18 000 might have been the lowest low, but the way I see it we will "be bottoming" for a while.
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