Economy

Archy1221 said:
I think everyone should be happy the inflation report is coming down.   I can’t figure out though, why people are giving Joe credit for it when inflation was high, those same people and posters said Presidents and the policies  can’t control inflation.  Hmmm
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Most people are dumb and don't understand a lick about economics.

If Trump is re-elected it won't be because the median voter developed a rigorous understanding of how the economy works and decided his policies would be good for cooling inflation because they decidedly wouldn't be.

 
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The decision to increase production comes after years of voluntary cuts by OPEC+ to drive up the price of oil, largely contributing to increased gas prices in the United States since the Covid-19 pandemic. During the height of the pandemic, then-President Donald Trump asked OPEC to decrease production after oil prices had cratered, in order to increase prices to benefit U.S. oil companies.

After oil production in the United States reached it's highest levels in history in 2023 under President Biden, multiple OPEC nations began pushing for production increases to compete with the U.S.
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Trumpers will never understand how much they screw themselves just to own the libs.

 
Danny Bateman said:
Trumpers will never understand how much they screw themselves just to own the libs.
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This is also why folks should stop resisting EV technology just because of “wokeness”.  Environmental impacts aside, it is leaves more gas for the rest of us.  And eventually, who knows how long for sure, but the oil just won’t be there.  
 

It all works together and is a lot more complicated than Facebook and Twitter accounts make it out to be.

 
Market sucks today!  

Will be interesting next week.  See if NVDA and the split suck the life out of trading.  

Might be some nice value grabs next week.

 
I can say this, the last week has been an a$$ kicking.  I am scared to even login to my Chuck Schwab account.  

But, gas prices have been low here in Omaha, which is always nice.

Grocery bills are still the same.

 
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