Welcome to Thunderdome

Why are gas prices so high relative to oil prices?

In recent months, companies and commodities traders have shipped more U.S. gasoline and diesel to Latin America and other foreign markets, reaping higher prices than the fuel could fetch domestically.

Sucks, but that's their right to do so.

I do not believe my new Capitalist system (Capitalism with a Conscious) would have a problem with that. I mean, as long as people here can still buy gas... Once it meant the home economy crumbling and chaos in society, then it would demand action.

Leisher wrote: ↑Fri Jun 17, 2022 11:26 am Once it meant the home economy crumbling and chaos in society, then it would demand action.

So only the home economy gets a conscious? Fuck the foreigners?

TheCatt wrote: ↑Fri Jun 17, 2022 11:33 am

Leisher wrote: ↑Fri Jun 17, 2022 11:26 am Once it meant the home economy crumbling and chaos in society, then it would demand action.

So only the home economy gets a conscious? Fuck the foreigners?

I vote yes, always.

TheCatt wrote: ↑Fri Jun 17, 2022 11:33 am

Leisher wrote: ↑Fri Jun 17, 2022 11:26 am Once it meant the home economy crumbling and chaos in society, then it would demand action.

So only the home economy gets a conscious? Fuck the foreigners?

Yep.

Ever flown with a kid? What do you do when the masks drop from the ceiling? Are you supposed to put theirs on first, or are you supposed to put your own on first and then help them?

If you and your neighbor's homes were on fire and you had the only fire hose around, would you put out your own home first saving your family or would you put his out first because he offered you $10?

Bonds are down. Stocks are down. Oil is down. Natural Gas is down.

People think a recession is coming.

Jobs still going strong.

Nonfarm payrolls in June increased by 372,000, topping the 250,000 estimate. The unemployment rate remained at 3.6%.
Average hourly earnings rose 5.1% from a year ago, a touch faster than estimates.

"Yeah but they're not good jobs."

Errybody saying "we could be heading into a recession," like, duh.

I'm going to go ahead and bet a dollar that we're in a capital-D Depression before the end of 2025.

There doesn't seem to be an end in sight for labor shortages, airlines are cancelling flights by the thousands, I overheard that ports are still backed up like crazy, and the feds aren't doing a single thing about the growing perception by workers that they're being abused by the labor market.

So I'm predicting the big-D. This shit is going to cascade into a positive feedback loop, at some point.

GORDON wrote: ↑Mon Jul 11, 2022 2:53 pm I'm going to go ahead and bet a dollar that we're in a capital-D Depression before the end of 2025.

I'll take that bet.

!RemindMe 12/31/2025

It's a bold call since we haven't had one since prior to New Deal policies, but I'll bet a dollar.

ANd I'm going to attribute all of it to the COVID response, and my 10-year prediction to normality.

GORDON wrote: ↑Mon Jul 11, 2022 3:33 pm It's a bold call since we haven't had one since prior to New Deal policies, but I'll bet a dollar.

ANd I'm going to attribute all of it to the COVID response, and my 10-year prediction to normality.

I will enjoy taking your dollar.

It'll only be worth about eighty cents, by then.

GORDON wrote: ↑Mon Jul 11, 2022 6:04 pm It'll only be worth about eighty cents, by then.

Lol. I'll take that bet too!

My financial advisor is arguing that a new bull market has started.

Cakedaddy wrote: ↑Mon Aug 15, 2022 3:33 pm My financial advisor is arguing that a new bull market has started.

Nasdaq hit a new bull market. S&P is 3% away from a bull.

Any word on whether the long-standing definition of "bull market" has been changed?

thibodeaux wrote: ↑Mon Aug 15, 2022 4:42 pm Any word on whether the long-standing definition of "bull market" has been changed?

Fortunately, bull + bear markets have clear definitions, not rules of thumb.

TheCatt wrote: ↑Mon Aug 15, 2022 5:18 pm

thibodeaux wrote: ↑Mon Aug 15, 2022 4:42 pm Any word on whether the long-standing definition of "bull market" has been changed?

Fortunately, bull + bear markets have clear definitions, not rules of thumb.

which is what?

The smoke from the chimney turns white and then the entity has to come out and declare WE ARE NOW IN A BANKRUPTCY BULL MARKET.