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<blockquote data-quote="bacha29" data-source="post: 5254517" data-attributes="member: 58386">Yesterday at his news conference Trump appointed fed chair Powell apologized to the American people for it&#039;s failure to act sooner to keep prices stabile.Now right now the EU is setting up plans to cut off Russian oil. OPEC has made it clear that it doesn&#039;t have the capacity to offset the loss.Ukraine is the fourth largest exporter of grain including 50% of the world&#039;s oilseed. it also exports quite a bit of iron ore. and the worry is that Russia will try to blockade the Black Sea.Russia is also the world&#039;s largest exporter of fertilizer and natural gas. And urea production uses an ocean of natural gas. In addition China consumes 54% of the world&#039;s copper production while producing only 8% of the world&#039;s production. Welcome to the global economy boys and it you think a change in presidential administrations will resolve all this? Think again.&nbsp; Take one supplier off line and competition for what&#039;s left only gets that much worse. Oh BTW, where once it took 35 days to get a container shipload&nbsp; of goods to the US now takes 73 days.</blockquote>

[QUOTE="bacha29, post: 5254517, member: 58386"] Yesterday at his news conference Trump appointed fed chair Powell apologized to the American people for it's failure to act sooner to keep prices stabile. Now right now the EU is setting up plans to cut off Russian oil. OPEC has made it clear that it doesn't have the capacity to offset the loss. Ukraine is the fourth largest exporter of grain including 50% of the world's oilseed. it also exports quite a bit of iron ore. and the worry is that Russia will try to blockade the Black Sea. Russia is also the world's largest exporter of fertilizer and natural gas. And urea production uses an ocean of natural gas. In addition China consumes 54% of the world's copper production while producing only 8% of the world's production. Welcome to the global economy boys and it you think a change in presidential administrations will resolve all this? Think again. Take one supplier off line and competition for what's left only gets that much worse. Oh BTW, where once it took 35 days to get a container shipload of goods to the US now takes 73 days. [/QUOTE]

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