Consistent with the ongoing crash in the Commercial Real Estate market, the truth about the over valuation in the stock market is also getting talked about in the MSM, as opposed to the bullshit that has been promulgated that the FSoA economy is healthy and we would avoid a recession due to the higher interest rates needed to stem inflation.   Pretty much every warning light for a crash is flashing RED, from the yield curve inversion in bonds to the PMI, skyrocketing debt on the Federal level and consumer credit card debt now topping $1T and of course the unaffordable housing situation all just SCREAMS crash ahead!

Also pretty silly IMHO is the notion that a recession will be short lived, and we will hop back to growth in a year or even less.  The debt problem is systemic and very deep, and there is nothing you can point to that might provide an engine for growth.

Internationally, the Chinese economy is in a deep hole with their own RE disaster unfolding and youth unemployment above 20%.  Shipping and trade continues to be threatened by the war in the Middle East and the Indian rice export ban is going to wreak havoc with food prices in many countries where it's a main staple.  This means increasing political instability throughout Asia.

So overall we are likely to see a major economic slowdown which will reduce demand for oil, and unless the wars escalate further to increase military demand for oil, consumer prices for fuell here in the FSoA probably won't change too much, at least to begin with.  However, if demand drops enough and they are forced to drop oil prices, that will mean the more expensive oil plays will be shut in.

It looks like the next couple of years will be a critical turning point in the whole energy-economy ball game.  Get ready for a real roller coaster ride, cuz it appears that TSHTF day is approaching.

https://markets.businessinsider.com/news/stocks/stock-market-outlook-economy-recession-bear-market-earnings-tech-bubble-2024-1

Stocks look 'highly vulnerable' and the economy is likely to enter a yearlong recession, a 30-year market veteran says

RE