Amrita Sen, Energy Aspects director of research and co-founder, expects the price of Brent crude oil to remain above $70, with an upside call in the mid-$80 range. She speaks on “Bloomberg Surveillance.”
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08:30 USD Core PCE Price Index (YoY) (May) 4.6% 4.7% 4.7%
08:30 USD Core PCE Price Index (MoM) (May) 0.3% 0.3% 0.4%
WOW AS I'VE SAID THAT CORE PCE FOR MAY +4.6%!!!!!!!!!!!!!!!! MEANS US FED IS TOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO BEHIND THE CURVE TO REDUCE SPENDING OF US DEBT DRIVEN ECONOMY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
CORE PCE FOR MAY (MOM) IS AT + 0.3%!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:) WOW!!!!!!!!!!!!!!! AGAIN AND AGAIN INFLATION IS GETTING BACK TO THE ECONOMY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
P.S DONOVAN FROM UBS IS TOTALLY WRONG THAT THERE IS NO SUCH THING OF DISINFLATION IN COMING MONTHS AND YEARS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:) DO THE MATH ———- > INFLATION IS COMING BACK TO +6% RANGE VERY SOON OR LATER!!!!!!!!!!!!:)
OPEC+ WILL CUT PRODUCTION AGAIN IN COMING MEETINGS < ——– BECAUSE THEIR BUYERS ARE IN TOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO MUCH DEBT CRISIS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
AGAIN AND AGAIN US$ + US T – BILLS ARE TOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO RISKY ASSETS TO HOLD!!!!!!!!!!!!!!:)
AGAIN AND AGAIN WHO ARE BUYING US T – DEBT? ——— > THE ANSWER IS NOBODY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
LOL! After the 4th oil going to $60 per barrel.