Biden Administration Officials have publicly stated they intend to eliminate all ‘combustion appliances’ from your home. That includes your gas stove in the kitchen.
Kim Strassel WSJ Thursday
I wonder if combustion appliances includes Joe Biden’s Corvette?
Rush Limbaugh commented that with the fall of the Soviet Empire, all the centrists of the world gravitated to the climate lobby. Saving the climate would allow them as much or more control over our lives as a one payer medical every system. And that is exactly what is happening.
The Obama Administration wanted to claim every ditch or wallow was a navigable waterway subject to federal control. Now we will be limited to only purchasing electric powered cars by 2030 or so, never mind the Texas power grid collapsed amid a four inch San Antonio snow last year. Not content with running our life outside the house, the climate lobby now focuses on the one great way to manage the heat cooking food — the gas range.
Team Biden denied this among Republican cries of no vote no representation but this is just a mere ploy in the long term picture. The Sierra Club, the Rocky Mountain institute, and the Climate Imperative Foundation all have this as an objective. You can add your hot water heater, clothes dryer, and furnace to the list. Never mind that electric appliances are nothing more than a direct short, hardly efficient. Or that natural gas only produces carbon dioxide and water when burned, eliminating methane, not creating it. Never mind the coal plants in India and China, or John Kerry’s private jet, the problem is your and my catalytic converter equipped near maintenance free I/C auto and that pesky stove. The real horror is that some bureaucrat in the name of climate can make this happen with the stroke of a computer key, you and I will never have a vote. Mark this down as a consumer alert.
Stocks have been working sideways to up since hitting bottom last October. After racing from 2.9% to 4.4%, the thirty-year bond is trading at 3.6%. That is slightly above the December low just under 3.5%. This is a consolidation before rates head higher. The bear bond fund TBF backs up this observation. TBF rises as bond prices fall and interest rates rise. It bottomed at $20.80 this month and now trades at $21.18. TBF is probably a good longer term hold at least into the summer.
The surprise is that West Texas Intermediate is breaking out over $80. This is confirmed by the energy shares which never wavered as crude fell to the low 70s. Get ready for a crude oil rally.
Every time I look at cable business news or the press, another company is laying off thousands of employees. That alone should slow the economy. The inverted yield curve remains with the two-year Treasury paying 4.17% while as noted the thirty-year is 3.6%. A slow down lies ahead.
