A Morgan Report One Year Market Call is Spot On | Schaftlein Report
A Morgan Report One Year Market Call is Spot On | Schaftlein Report
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Guest: David Morgan – Chief Editor of The Morgan Report ( TheMorganReport.com ) and Co-author of Second Chance: How to Make and Keep Big Money from the Coming Gold and Silver Shock-Wave
Topics:
1) 2021 Gas was $3.00 – Today it is $4.62 – Oil is trading above $120 today
2) Yellen said Inflation would be 3% this year and both Biden and Powell said it would be “Transitory”
3) Commodity price remain elevated
4) UK turns to coal after Russian gas cut off
a. EU bans most Russian Oil and Gas imports attempting to cut 90% within 6 months
b. EU gets 25% of its oil and 40% of its gas from Russia
5) Americans savings rate is at the lowest level since 2008
6) Robot orders are up 40% as wages escalate at an alarming rate
7) Housing prices rose 20% year over year – Are we peaking and is slowdown coming?
8) Recession?
9) Biden approval 34-39%
