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.
Bad Economic Predictions
Bad Economic Predictions
Why are gas prices so high relative to oil prices?
It's not me, it's someone else.
Bad Economic Predictions
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.
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.
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
Bad Economic Predictions
So only the home economy gets a conscious? Fuck the foreigners?
It's not me, it's someone else.
Bad Economic Predictions
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?
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
Bad Economic Predictions
Bonds are down. Stocks are down. Oil is down. Natural Gas is down.
People think a recession is coming.
People think a recession is coming.
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Bad Economic Predictions
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.
It's not me, it's someone else.
Bad Economic Predictions
"Yeah but they're not good jobs."
"Be bold, and mighty forces will come to your aid."
Bad Economic Predictions
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.
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.
"Be bold, and mighty forces will come to your aid."
Bad Economic Predictions
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.
ANd I'm going to attribute all of it to the COVID response, and my 10-year prediction to normality.
"Be bold, and mighty forces will come to your aid."
Bad Economic Predictions
It'll only be worth about eighty cents, by then.
"Be bold, and mighty forces will come to your aid."
Bad Economic Predictions
My financial advisor is arguing that a new bull market has started.
Bad Economic Predictions
Nasdaq hit a new bull market. S&P is 3% away from a bull.
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Any word on whether the long-standing definition of "bull market" has been changed?
Bad Economic Predictions
Fortunately, bull + bear markets have clear definitions, not rules of thumb.thibodeaux wrote: ↑Mon Aug 15, 2022 4:42 pm Any word on whether the long-standing definition of "bull market" has been changed?
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which is what?TheCatt wrote: ↑Mon Aug 15, 2022 5:18 pmFortunately, bull + bear markets have clear definitions, not rules of thumb.thibodeaux wrote: ↑Mon Aug 15, 2022 4:42 pm Any word on whether the long-standing definition of "bull market" has been changed?
Bad Economic Predictions
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.
"Be bold, and mighty forces will come to your aid."