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Coming Economic/Markets Crash


Front Ranger

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Just now, Mr Marine Layer said:

Some say it's a plan by the Dems to make us use digital currency. 

Well, even digital currency is having problems with this. Silvergate was a Crypto Bank.

Never say Never with Weather, because anything is possible!

All observations are in Tecumseh, OK unless otherwise noted

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9 hours ago, Iceresistance said:

The Fed is insane, another rate hike, highest since 2007.

They are stuck between a big rock and a very hard place. Inflation is far from tamed yet, and so they believe they have to raise rates until it is, even if leads to a more significant financial/credit crisis than we've already seen (it will).

A forum for the end of the world.

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9 hours ago, Front Ranger said:

They are stuck between a big rock and a very hard place. Inflation is far from tamed yet, and so they believe they have to raise rates until it is, even if leads to a more significant financial/credit crisis than we've already seen (it will).

The fuse for a Nuclear Economic recession is lit. When it blows, it's not going to be pretty.

Never say Never with Weather, because anything is possible!

All observations are in Tecumseh, OK unless otherwise noted

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  • 1 month later...
On 3/9/2023 at 1:57 PM, Andie said:

https://www.foxbusiness.com/markets/stock-market-crash-60-days-best-selling-author-lehman-collapse

I suppose it’s anybody’s guess.  
Place your bets.  

Perhaps it will slow the flood into Texas and Florida.  It’s messing us up.  I mean come on New York and California,  fix your own house.  

So we are coming up on the 60 day mark.  How does everyone feel about their bets?  I feel great about mine.

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Can anyone say they’re genuinely excited about things.? 

  • Excited 1

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*

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4 hours ago, Andie said:

Can anyone say they’re genuinely excited about things.? 

I find this very interesting - most Americans, of all political backgrounds and affiliations, find this country's economic future to be very bleak no matter what the situation - the main differences being who to blame for the current situation...

 

My personal weather station: Davis Instruments Vantage Pro 2

2023-2024 Season Total: 2.53" (as of 10/1/23)

2022-2023 Season Total: 21.60”

2021-2022 Season Total: 8.05"

2020-2021 Season Total: 5.40"

2019-2020 Season Total: 15.82"

2018-2019 Season Total: 15.84"

2017-2018 Season Total: 4.63"

2016-2017 Season Total: 15.18"

2015-2016 Season Total: 8.12"

2014-2015 Season Total: 10.09"

2013-2014 Season Total: 7.35"

2012-2013 Season Total: 7.11"

2011-2012 Season Total: 7.02"

2010-2011 Season Total: 17.09"

2009-2010 Season Total: 11.59"

Average Seasonal Precipitation: 11.06" (14 years)

California Water Year/Rainy Season measuring period runs from July 1 to June 30.
 

 

 

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Lots of folks to blame most likely.  
But a lack of real understanding of economics and a lot of folks despondent about the state of society may be a contributing factor.   
I’m just not seeing a great deal of enthusiasm over the future.  
The inflation rate will increase as will interest rates, costs of goods. What is there to say?  
Blame will happen.  Just not noisy enough yet.  

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*

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Dominoes?…..

“First Republic’s fate was set when the bank revealed that it lost $100 billion in deposits after SVB’s collapse led to panic among wealthy clients. Its stock plummeted 75 percent last week. 

It’s unclear whether First Republic Bank is the final domino to fall in the recent banking crisis. That could hinge on whether depositors will pull their money from other institutions.”

-The Hill  5/1/23

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*

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A lot of reasons to be extremely concerned about the economy right now. 

Snowfall                                  Precip

2022-23: 95.0"                      2022-23: 17.39"

2021-22: 52.6"                    2021-22: 91.46" 

2020-21: 12.0"                    2020-21: 71.59"

2019-20: 23.5"                   2019-20: 58.54"

2018-19: 63.5"                   2018-19: 66.33"

2017-18: 30.3"                   2017-18: 59.83"

2016-17: 49.2"                   2016-17: 97.58"

2015-16: 11.75"                 2015-16: 68.67"

2014-15: 3.5"
2013-14: 11.75"                  2013-14: 62.30
2012-13: 16.75"                 2012-13: 78.45  

2011-12: 98.5"                   2011-12: 92.67"

It's always sunny at Winters Hill! 
Fighting the good fight against weather evil.

 

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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

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*

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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. 🤮

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40 minutes ago, roadtonowhere08 said:

I didn't know Chicken Little had a newspaper.

🐣   Surprise!!!

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*

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12 minutes ago, Front Ranger said:

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?"

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  • 2 weeks later...

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.

 

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*

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  • 1 month later...

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. 

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*

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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.

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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

Never say Never with Weather, because anything is possible!

All observations are in Tecumseh, OK unless otherwise noted

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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.

Never say Never with Weather, because anything is possible!

All observations are in Tecumseh, OK unless otherwise noted

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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.

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My preferences can beat up your preferences’ dad.

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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. 

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*

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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.

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  • 2 weeks later...
On 4/27/2023 at 3:59 PM, Stormy said:

Budweiser up next?  Fox News is being Budweisered as well. 😂

Aged like milk

Never say Never with Weather, because anything is possible!

All observations are in Tecumseh, OK unless otherwise noted

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52 minutes ago, Deweydog said:

This is going to seriously tank the housing market!

Fooey! I posted that on the wrong topic!

Never say Never with Weather, because anything is possible!

All observations are in Tecumseh, OK unless otherwise noted

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17 hours ago, Iceresistance said:

I’ve been saying for a long time. Recession by end of this yr.   Fell on deaf ears. 

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*

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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!

Never say Never with Weather, because anything is possible!

All observations are in Tecumseh, OK unless otherwise noted

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