Errold Moody

  We are hearing all sorts of commentary on whether inflation will run rampant given the huge amounts of stimulus (6 trillion to date) that has increased our budget deficit beyond all rational limits. Admittedly the devastation of Covid did call for emergency measures but billions have been ’lost’ through graft and unnecessary loans to big business that ‘violated’ the basic need to go to small businesses. ( Errold Moody ) The FED has said that they would like to maintain a low interest rate through 2022- but that allows a great ‘incentive’ for companies to borrow beyond their immediate simply because it is so cheap. It appears that the fight to maintain a status quo. The most immediate concern is the outside influences that are far beyond our control. The main one is oil. And OPEC can lower or raise rates at a whim. This clearly shows what they and Covid have done to our production A lot of U.S. rigs went out of business during the Covid crisis- particularly shale oil which is expensiv