Bad Economic Predictions

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TheCatt
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Bad Economic Predictions

Post by TheCatt »

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.
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Leisher
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Post by Leisher »

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.
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TheCatt
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Bad Economic Predictions

Post by TheCatt »

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?
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Post by GORDON »

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.
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Post by Leisher »

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?
“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.”
TheCatt
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Bad Economic Predictions

Post by TheCatt »

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

People think a recession is coming.
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TheCatt
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Bad Economic Predictions

Post by TheCatt »

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.
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Post by GORDON »

"Yeah but they're not good jobs."
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Bad Economic Predictions

Post by GORDON »

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.
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TheCatt
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Bad Economic Predictions

Post by TheCatt »

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
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Post by GORDON »

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.
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Post by TheCatt »

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.
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Post by GORDON »

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

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!
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Post by Cakedaddy »

My financial advisor is arguing that a new bull market has started.
TheCatt
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Post by TheCatt »

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.
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Post by thibodeaux »

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

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.
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Post by thibodeaux »

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?
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Post by GORDON »

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.
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