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Two major items have “hit the fan”.
Evergrande hit the Chapter 15 last week :
Copy and paste directly into address line:
https://duckduckgo.com/?q=evergrande+bankruptcy+news&t=ipad&ia=web
And hurricane expected to hit Southern California. First experience sine 1939! First Tropical Storm ever! Study the tracking . Remember the Monsoon Season in Arizona and New Mexico could get part of Hilary if it makes the turn.
https://duckduckgo.com/?q=hurricane+hilary&t=ipad&ia=about
You know this may effect you indirectly or even directly. In someways, this is new experiences for us. Please do your own due diligence but consider a fill of your gasoline tank, and grocery shop realistically.
This year has me almost convinced that along with the “feels like” heats over 100+.
Just allow yourself enough time to handle what you need to do as time has been given to plan. Financial and physical planning here is an important and timely focus.
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Economic Hiccups in China Weigh on Oil Prices but Not Production
Analysis by Sydney Casey
Continued price increases in 2023 and signs of strain in the Chinese economy have paused the recent upward trend in energy futures. This morning, prompt crude futures are down after closing lower yesterday on concerns over China’s economic vitality following unsettling inflation and industrial data. In an unexpected move, the People’s Bank of China cut the medium-term lending rate by 15bps to 2.5%. These economic trends and lower liquidity have caused Brent’s prompt spread to reach its peak backwardation since last November.
Despite some forecasters predicting an impending recession, Goldman Sachs Investment Research (GIR) offers a glimmer of hope, suggesting the possibility of a soft landing. The US, in particular, exhibits economic tenacity with positive signs in the labor market. Recent Consumer Price Index (CPI) and Personal Consumption Expenditures (PCE) data hint…. continue reading
Rose Rambles... 