It's the economy, stupid. 8 out of 10 Americans say things are out of control as Europe protests and deindustrialization is silence before the storm.
U.S. east coast has begun fuel rationing as shortages cause higher heating & transportation costs that adds more inflation pressure on households.
Another problem within the trucking, freight, and shipping industry popped up on the West Coast that’s spreading to East Coast ports.
An additive-package shortage for specific grades of diesel engine oil is afoot and rationing of lubricants has already begun with delivery requests.
The Fed said everything was under control, but Jay Powell's "softish" recession is as close as it gets to whispering fire in a crowded theater.