Andie Posted May 4, 2023 Report Share Posted May 4, 2023 And this won't help..... https://www.eia.gov/outlooks/steo/report/summerfuels.php We expect more U.S. consumption of gasoline and higher prices this summer compared with last summer. We forecast that the retail price of regular-grade gasoline in the United States will average $3.84/gal during the summer of 2022. Last summer’s average price was $3.06/gal. In 2022, we expect real retail gasoline prices for the summer to be the highest since 2014. We forecast that U.S. gasoline consumption will average 9.2 million barrels per day (b/d), up 0.8% from last summer The consequences of Russia’s further invasion of Ukraine, along with increasing global economic activity that contributes to more oil consumption throughout this summer, results in our expectation of high crude oil prices Quote Before You Diagnose Yourself With Depression or Low Self-Esteem,...First Make Sure You Are Not In Fact, Just Surrounded By A$$holes. “If I owned Texas and Hell, I would rent out Texas and live in Hell.” Gen. Sheridan 1866 2018 Rainfall - 62.65" High Temp. - 110.03* Low Temp. - 8.4* Link to comment Share on other sites More sharing options...
roadtonowhere08 Posted May 5, 2023 Report Share Posted May 5, 2023 22 minutes ago, Andie said: And this won't help..... https://www.eia.gov/outlooks/steo/report/summerfuels.php We expect more U.S. consumption of gasoline and higher prices this summer compared with last summer. We forecast that the retail price of regular-grade gasoline in the United States will average $3.84/gal during the summer of 2022. Last summer’s average price was $3.06/gal. In 2022, we expect real retail gasoline prices for the summer to be the highest since 2014. We forecast that U.S. gasoline consumption will average 9.2 million barrels per day (b/d), up 0.8% from last summer The consequences of Russia’s further invasion of Ukraine, along with increasing global economic activity that contributes to more oil consumption throughout this summer, results in our expectation of high crude oil prices I paid $7 a gallon up by San Francisco early last summer, so that's the price to beat. 1 Quote Link to comment Share on other sites More sharing options...
roadtonowhere08 Posted May 5, 2023 Report Share Posted May 5, 2023 3 hours ago, Anti Marine Layer said: I didn't know Chicken Little had a newspaper. Quote Link to comment Share on other sites More sharing options...
Anti Marine Layer Posted May 5, 2023 Report Share Posted May 5, 2023 9 minutes ago, roadtonowhere08 said: I didn't know Chicken Little had a newspaper. He's had them the last 50 years https://www.aei.org/carpe-diem/50-years-of-failed-doomsday-eco-pocalyptic-predictions-the-so-called-experts-are-0-50/ Quote Link to comment Share on other sites More sharing options...
Andie Posted May 5, 2023 Report Share Posted May 5, 2023 40 minutes ago, roadtonowhere08 said: I didn't know Chicken Little had a newspaper. Surprise!!! Quote Before You Diagnose Yourself With Depression or Low Self-Esteem,...First Make Sure You Are Not In Fact, Just Surrounded By A$$holes. “If I owned Texas and Hell, I would rent out Texas and live in Hell.” Gen. Sheridan 1866 2018 Rainfall - 62.65" High Temp. - 110.03* Low Temp. - 8.4* Link to comment Share on other sites More sharing options...
Front Ranger Posted May 12, 2023 Author Report Share Posted May 12, 2023 https://www.newsweek.com/credit-crunch-coming-opinion-1799542 Quote A forum for the end of the world. Link to comment Share on other sites More sharing options...
roadtonowhere08 Posted May 12, 2023 Report Share Posted May 12, 2023 12 minutes ago, Front Ranger said: https://www.newsweek.com/credit-crunch-coming-opinion-1799542 Great article and great points: "Hopefully, after the smoke clears on the coming credit crunch we can raise questions about how the Fed and other central banks behave. Are their experimental monetary policies actually helpful? Or do they just encourage wasteful capital allocation and economic instability? Should the Fed even be attempting to steer the economy at all? Or should it just concern itself with the stability of the banking system and providing the economy with a fair rate of interest?" Quote Link to comment Share on other sites More sharing options...
Deweydog Posted May 27, 2023 Report Share Posted May 27, 2023 Oh wow… a compromise incoming on the debt ceiling. Imagine that! 1 Quote My preferences can beat up your preferences’ dad. Link to comment Share on other sites More sharing options...
Andie Posted May 28, 2023 Report Share Posted May 28, 2023 So, I’m curious as to why the US is letting China lock up the global mineral markets. You know, little things like Lithium, Uranium, Cobalt and such. They’re buying up African and Australian resources and here in the US they’re buying up our land like drunken sailors. So, we’re losing on the advanced manufacturing race and national protection of sovereignty and most likely our national stability and security. Meanwhile, Biden helicoptered to Camp David for a rest this weekend. Quote Before You Diagnose Yourself With Depression or Low Self-Esteem,...First Make Sure You Are Not In Fact, Just Surrounded By A$$holes. “If I owned Texas and Hell, I would rent out Texas and live in Hell.” Gen. Sheridan 1866 2018 Rainfall - 62.65" High Temp. - 110.03* Low Temp. - 8.4* Link to comment Share on other sites More sharing options...
roadtonowhere08 Posted July 10, 2023 Report Share Posted July 10, 2023 The economy's doomsday clock has been reset Wall Street's fearmongers were totally wrong about a recession https://www.businessinsider.com/wall-street-recession-stock-market-crash-calls-wrong-economy-housing-2023-6 Thoughts anyone? Quote Link to comment Share on other sites More sharing options...
Andie Posted July 10, 2023 Report Share Posted July 10, 2023 Well, I know the prognosticators have said Fall/Winter would bring us a recession. If they’re backing off from that then I’m really pleased. Just don’t need that right now. On any level. Quote Before You Diagnose Yourself With Depression or Low Self-Esteem,...First Make Sure You Are Not In Fact, Just Surrounded By A$$holes. “If I owned Texas and Hell, I would rent out Texas and live in Hell.” Gen. Sheridan 1866 2018 Rainfall - 62.65" High Temp. - 110.03* Low Temp. - 8.4* Link to comment Share on other sites More sharing options...
roadtonowhere08 Posted July 10, 2023 Report Share Posted July 10, 2023 1 hour ago, Andie said: Well, I know the prognosticators have said Fall/Winter would bring us a recession. If they’re backing off from that then I’m really pleased. Just don’t need that right now. On any level. I'd wager the pandemic was the stress test and blow off that a recession would cause. We are in recovery and thriving mode. 1 Quote Link to comment Share on other sites More sharing options...
SnarkyGoblin Posted July 12, 2023 Report Share Posted July 12, 2023 A lot of the posts on this thread sure aren't aging well. Especially the ones about about how the BBB bill was going to wreck inflation havoc. Quote Link to comment Share on other sites More sharing options...
Iceresistance Posted July 12, 2023 Report Share Posted July 12, 2023 1 hour ago, SnarkyGoblin said: A lot of the posts on this thread sure aren't aging well. Especially the ones about about how the BBB bill was going to wreck inflation havoc. It did cause a huge jump in inflation, over 9% in June 2022 after the bill was signed by Biden Quote Never say Never with Weather, because anything is possible! All observations are in Tecumseh, OK unless otherwise noted Link to comment Share on other sites More sharing options...
Iceresistance Posted July 12, 2023 Report Share Posted July 12, 2023 Interest rates are still too high, we are not out of the woods because it could suddenly happen. Some of the worst of the economic failures (Stock market crashes) are the very unexpected ones. Quote Never say Never with Weather, because anything is possible! All observations are in Tecumseh, OK unless otherwise noted Link to comment Share on other sites More sharing options...
Deweydog Posted July 12, 2023 Report Share Posted July 12, 2023 1 hour ago, Iceresistance said: It did cause a huge jump in inflation, over 9% in June 2022 after the bill was signed by Biden This is silly. The inflation train was three miles down the track once that bill was signed. Wasn’t a good look politically, but over the long term it’s a drop in the bucket. Good ol’ supply and demand is the big driver, and unfortunately for the pundits it’s something that transcends politics. 1 Quote My preferences can beat up your preferences’ dad. Link to comment Share on other sites More sharing options...
Rubus Leucodermis Posted July 12, 2023 Report Share Posted July 12, 2023 Actually the USA isn’t doing to shabbily in the post-COVID economic department. Best growth and lowest inflation of any G7 country. 1 Quote It's called clown range for a reason. Link to comment Share on other sites More sharing options...
Rubus Leucodermis Posted July 12, 2023 Report Share Posted July 12, 2023 Post-COVID, workers at the bottom end of the wage scale have recovered 25% of what they lost due to four decades of growing economic inequality. https://www.nber.org/system/files/working_papers/w31010/w31010.pdf Quote It's called clown range for a reason. Link to comment Share on other sites More sharing options...
Andie Posted July 12, 2023 Report Share Posted July 12, 2023 2 hours ago, Deweydog said: This is silly. The inflation train was three miles down the track once that bill was signed. Wasn’t a good look politically, but over the long term it’s a drop in the bucket. Good ol’ supply and demand is the big driver, and unfortunately for the pundits it’s something that transcends politics. Supply and demand factor in as well and many people I know are not buying anything new. They’re making due and taking care of what they have. Cost of food is up and that bad enough but with everything else factored in it’s lousy. Quote Before You Diagnose Yourself With Depression or Low Self-Esteem,...First Make Sure You Are Not In Fact, Just Surrounded By A$$holes. “If I owned Texas and Hell, I would rent out Texas and live in Hell.” Gen. Sheridan 1866 2018 Rainfall - 62.65" High Temp. - 110.03* Low Temp. - 8.4* Link to comment Share on other sites More sharing options...
Deweydog Posted July 14, 2023 Report Share Posted July 14, 2023 SP500 closes over 4.5k for the first time since 4/1/22… Quote My preferences can beat up your preferences’ dad. Link to comment Share on other sites More sharing options...
SnarkyGoblin Posted July 14, 2023 Report Share Posted July 14, 2023 On 7/12/2023 at 9:27 AM, Deweydog said: This is silly. The inflation train was three miles down the track once that bill was signed. Wasn’t a good look politically, but over the long term it’s a drop in the bucket. Good ol’ supply and demand is the big driver, and unfortunately for the pundits it’s something that transcends politics. Not to mention it's only now funds are slowly starting to be spent. Quote Link to comment Share on other sites More sharing options...
Iceresistance Posted July 24, 2023 Report Share Posted July 24, 2023 On 4/27/2023 at 3:59 PM, Stormy said: Budweiser up next? Fox News is being Budweisered as well. Aged like milk Quote Never say Never with Weather, because anything is possible! All observations are in Tecumseh, OK unless otherwise noted Link to comment Share on other sites More sharing options...
Iceresistance Posted July 24, 2023 Report Share Posted July 24, 2023 If this is true... The US economy is in for rollercoaster inflation and could be headed for an ultra-rare 'full employment recession,' BlackRock says (msn.com) Quote Never say Never with Weather, because anything is possible! All observations are in Tecumseh, OK unless otherwise noted Link to comment Share on other sites More sharing options...
Deweydog Posted July 25, 2023 Report Share Posted July 25, 2023 2 hours ago, Iceresistance said: Confirmed Hate Speech and promoter of violence. Trans Activist Called on Crowd to Punch TERF Women in the Face During Hate Inciting Speech (msn.com) This is going to seriously tank the housing market! 1 Quote My preferences can beat up your preferences’ dad. Link to comment Share on other sites More sharing options...
Iceresistance Posted July 25, 2023 Report Share Posted July 25, 2023 52 minutes ago, Deweydog said: This is going to seriously tank the housing market! Fooey! I posted that on the wrong topic! Quote Never say Never with Weather, because anything is possible! All observations are in Tecumseh, OK unless otherwise noted Link to comment Share on other sites More sharing options...
Iceresistance Posted July 25, 2023 Report Share Posted July 25, 2023 Some are still insisting it's coming, but it is going to come just before Election Day 2024? Recession at least a year away, economists now say (msn.com) Quote Never say Never with Weather, because anything is possible! All observations are in Tecumseh, OK unless otherwise noted Link to comment Share on other sites More sharing options...
Iceresistance Posted July 25, 2023 Report Share Posted July 25, 2023 Since April 2020, TRILLIONS were wiped out. A $5.5 trillion savings wipeout is raising risks for the US economy (msn.com) Quote Never say Never with Weather, because anything is possible! All observations are in Tecumseh, OK unless otherwise noted Link to comment Share on other sites More sharing options...
Andie Posted July 25, 2023 Report Share Posted July 25, 2023 17 hours ago, Iceresistance said: If this is true... The US economy is in for rollercoaster inflation and could be headed for an ultra-rare 'full employment recession,' BlackRock says (msn.com) I’ve been saying for a long time. Recession by end of this yr. Fell on deaf ears. Quote Before You Diagnose Yourself With Depression or Low Self-Esteem,...First Make Sure You Are Not In Fact, Just Surrounded By A$$holes. “If I owned Texas and Hell, I would rent out Texas and live in Hell.” Gen. Sheridan 1866 2018 Rainfall - 62.65" High Temp. - 110.03* Low Temp. - 8.4* Link to comment Share on other sites More sharing options...
Iceresistance Posted July 25, 2023 Report Share Posted July 25, 2023 7 minutes ago, Andie said: I’ve been saying for a long time. Recession by end of this yr. Fell on deaf ears. We are also likely in for a nasty surprise. People keep forgetting that the inflation is only settling at the higher prices, and the high inflation will eventually get replaced with high (or hyper) deflation, where (this is only my opinion) we could deflate over 20-30 years worth of inflation! Quote Never say Never with Weather, because anything is possible! All observations are in Tecumseh, OK unless otherwise noted Link to comment Share on other sites More sharing options...
Front Ranger Posted July 26, 2023 Author Report Share Posted July 26, 2023 1 1 Quote A forum for the end of the world. Link to comment Share on other sites More sharing options...
Front Ranger Posted July 26, 2023 Author Report Share Posted July 26, 2023 That Case-Shiller, what a weenie. Quote A forum for the end of the world. Link to comment Share on other sites More sharing options...
Deweydog Posted July 26, 2023 Report Share Posted July 26, 2023 3 hours ago, Front Ranger said: That Case-Shiller, what a weenie. Not quite as much here… https://fortune.com/2023/07/24/housing-market-robert-shiller-home-price-prediction-outlook/amp/ Quote My preferences can beat up your preferences’ dad. Link to comment Share on other sites More sharing options...
Front Ranger Posted July 26, 2023 Author Report Share Posted July 26, 2023 7 minutes ago, Deweydog said: Not quite as much here… https://fortune.com/2023/07/24/housing-market-robert-shiller-home-price-prediction-outlook/amp/ One is a prediction, other is what has actually happened to date - pure data. Either way, anyone expecting home prices to continue to appreciate or escape a correction after years of unprecedented appreciation (during unprecedentedly low rates) and then rapidly rising rates was being unrealistic. Quote A forum for the end of the world. Link to comment Share on other sites More sharing options...
Deweydog Posted July 26, 2023 Report Share Posted July 26, 2023 17 minutes ago, Front Ranger said: One is a prediction, other is what has actually happened to date - pure data. Either way, anyone expecting home prices to continue to appreciate or escape a correction after years of unprecedented appreciation (during unprecedentedly low rates) and then rapidly rising rates was being unrealistic. Who was? Quote My preferences can beat up your preferences’ dad. Link to comment Share on other sites More sharing options...
Iceresistance Posted July 26, 2023 Report Share Posted July 26, 2023 The Fed just raised Interest Rates again, now it seems like they really want to make sure that Inflation is below 2% but not below 0%! Quote Never say Never with Weather, because anything is possible! All observations are in Tecumseh, OK unless otherwise noted Link to comment Share on other sites More sharing options...
Deweydog Posted July 26, 2023 Report Share Posted July 26, 2023 55 minutes ago, Iceresistance said: The Fed just raised Interest Rates again, now it seems like they really want to make sure that Inflation is below 2% but not below 0%! Now it’s seems like it? Today’s raise in rates is a drop in the bucket which was primarily filled last year. Quote My preferences can beat up your preferences’ dad. Link to comment Share on other sites More sharing options...
Front Ranger Posted July 26, 2023 Author Report Share Posted July 26, 2023 1 hour ago, Deweydog said: Who was? People who think home prices only go up. Trust me, as someone who has worked in real estate for a decade (though I'm currently transitioning out), there are plenty at this point. Quote A forum for the end of the world. Link to comment Share on other sites More sharing options...
Front Ranger Posted July 26, 2023 Author Report Share Posted July 26, 2023 1 hour ago, Iceresistance said: The Fed just raised Interest Rates again, now it seems like they really want to make sure that Inflation is below 2% but not below 0%! Due to the base effect from last year and current trends, we could easily see inflation rise again in coming months. Quote A forum for the end of the world. Link to comment Share on other sites More sharing options...
Iceresistance Posted July 26, 2023 Report Share Posted July 26, 2023 3 minutes ago, Front Ranger said: Due to the base effect from last year and current trends, we could easily see inflation rise again in coming months. The Fed is going to rase rates higher, and the Inflation will be replaced with rapid Deflation. Quote Never say Never with Weather, because anything is possible! All observations are in Tecumseh, OK unless otherwise noted Link to comment Share on other sites More sharing options...
Deweydog Posted July 26, 2023 Report Share Posted July 26, 2023 19 minutes ago, Front Ranger said: People who think home prices only go up. Trust me, as someone who has worked in real estate for a decade (though I'm currently transitioning out), there are plenty at this point. I’m sure there are. There are people out there that think all kinds of thing that are patently false. Hell, I can find all kinds of peer reviewed studies and such that will all but prove beyond a shadow of a doubt that the world is not flat. As it stands, the housing market went through/is going through a fairly mild correction after what was an unsustainable, generational run thanks to an unprecedented combination of insanely low rates, stimulus cash and the overall pandemic mindset. Yes, some markets have been impacted more than others but this has not been remotely comparable to 2008. Here in Clark County, things leveled off pretty quickly and most sectors have seen the seasonal bounce with pricing pretty much where it was this time last year. You have to get into seven figure properties to see any real softness as was seen last summer. I think a lot of it has to do with acceptance of the fact that 30 year rates under 3 aren’t coming back, but rates in the 4.5 to 5.5 range probably are in the relatively near future. Most of the sentiment here is take the sting now and then ride the refi wave in 2025. Quote My preferences can beat up your preferences’ dad. Link to comment Share on other sites More sharing options...
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