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Podcast: The Other Hand
Episode: Oil heading towards $100 may mean the good news on inflation is over. With more bad news on interest rates to come.
Description: US inflation rose again last month: is the good news over? The Saudi-Russian alliance seems determined to get oil prices up to $100. That could mean €2+ for a litre or petrol and/or diesel. Interest rates look to be in 'higher for longer mode'. There is nothing good that flows from $100 oil - other than an economic slowdown/recession that will cut fossil fuel consumption & help, a little, the environment.Putin is building a new friendship circle, including fellow megalomaniacs from N. Korea and mad mullahs from Tehran.The advice to th...