Oil, bonds and dollar

 Dollar dipped recently but it had shot up like a crisis.

Oil likes 120, egad; and the Swamp is soon paying 3 points on debt, egad. That energy inflation spreads through the economy, we have another mongo COLA year. And that current inflation spike predicts a recession.

If California holds we have a soft landing.  Keep that extra cash in Sacramento until we get past the next COLA shock.