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Posted on 9/23/22 at 3:51 pm to DaTruth7
quote:
On the flip side, you and slackster have been een saying " buy buy buy". Which in the short term has been terrible advice. Are you Cramer?
Maybe we need a short term money talk and a long term money talk?
Posted on 9/23/22 at 7:47 pm to slackster
The Dow is below 30k. Democrats are in charge. You get the government you deserve. I could sure go for a booming economy peppered with mean tweets.
Posted on 9/23/22 at 9:00 pm to I Bleed Garnet
Eh, the economy tanking was inevitable regardless of who the president is. What makes this admin different is that out of the bank of options to help soften the blow, they opted to set them on fire and masturbate on the ashes while going HAM on a bag of coke and picking the options that have zero to do with the issues.
Posted on 9/23/22 at 9:12 pm to AllDayEveryDay
We should be good. The Inflation Reduction Act should start kicking in any day now 
Posted on 9/23/22 at 9:18 pm to AllDayEveryDay
quote:
Eh, the economy tanking was inevitable regardless of who the president is
Agree to disagree
Posted on 9/23/22 at 9:26 pm to AllDayEveryDay
quote:
Eh, the economy tanking was inevitable regardless of who the president is. What makes this admin different is that out of the bank of options to help soften the blow, they opted to set them on fire and masturbate on the ashes while going HAM on a bag of coke and picking the options that have zero to do with the issues.
Trump would have been raising hell with the Fed as they raised rates like he did in 2018, but he almost certainly would have handled 2021/22 better than Biden. Russia probably doesn’t invade. Oil is a bit more stable, although I think the $70/80s was inevitable.
He’s still have high inflation, because he wanted another stimulus passed too, but it wouldn’t be the global issues we have now.
Posted on 9/23/22 at 9:56 pm to slackster
quote:
Trump would have been raising hell with the Fed as they raised rates like he did in 2018, but he almost certainly would have handled 2021/22 better than Biden. Russia probably doesn’t invade. Oil is a bit more stable, although I think the $70/80s was inevitable. He’s still have high inflation, because he wanted another stimulus passed too, but it wouldn’t be the global issues we have now.
Complete speculation
Trump would raise hell with the fed? What does this even mean?
Trump was one of the biggest spending presidents we’ve ever had. Huge deficits. Debt ceiling lifted multiple times. How does he avoid inflation and the resultant raising of rates with the amount of spending he did?
Trump was harsh on trade and with the supply chain issues, how do high tarrifs help?
Russia doesn’t invade? Huh? Why not?
Oil prices? We produce more today than we did under trump. How do prices not escalate?
Biden’s a complete idiots and democrats are American hating cancers but your points about Trump are just baseless.
Posted on 9/23/22 at 10:17 pm to SlidellCajun
quote:
Russia doesn’t invade? Huh? Why not?
Lol you are willfully blind.
quote:
Oil prices? We produce more today than we did under trump. How do prices not escalate?
Ah yes .. the cnn talking points.
Just make the above statement and willfully ignore the Biden “war on oil”
Shutting down future offshore leases, shutting down the keystone pipeline.
Then tell the country you will destroy the oil industry and you don’t think this will drive up prices lol.
No one will dare invest in a new refinery in this climate.
You should be honest with yourself and investigate ALL the facts.
Posted on 9/23/22 at 11:34 pm to skewbs
You are a savant pal. It doesn't take a genius to know in the long term the market goes up. So spewing that crap on here is dumb. In the past year if you have "just been buying", the money you have put in has gotten destroyed in value. Get it yet?
This post was edited on 9/23/22 at 11:36 pm
Posted on 9/24/22 at 12:43 am to DaTruth7
quote:
DaTruth7
Good ol market timer DaTruth7. Keep us posted when to sell again, but do it ahead of time, not with 3 months of hindsight. Also, let us know when to buy. TIA.
Posted on 9/24/22 at 5:31 am to Guntoter1
quote:
Shutting down future offshore leases, shutting down the keystone pipeline.
I hate all this too but the facts are that we are producing more oil now than we did under Trump.
Why then would oil prices shoot up?
There’s an answer, you just don’t know it.
And I haven’t watched cnn in decades.
Posted on 9/24/22 at 7:33 am to SlidellCajun
quote:
Why then would oil prices shoot up?
SPECULATION !
Tell everyone there will be no toilet paper in 6 months and toilet paper will sell out tomorrow.
Tell everyone you will put oil companies out of business by 2035 and oil speculators drive up the price of oil.
quote:
There’s an answer, you just don’t know it.
Yes i do. The pandemic (Government lockdowns) destroyed demand for gasoline.
Then when demand returned, supply could not keep up.
What YOU don't understand is that Government caused the slow down and Government is destroying any incentive for oil companies to meet demand esp, long term.
Posted on 9/24/22 at 7:54 am to Guntoter1
This is exactly right. Not only do we have an actual supply side problem with energy, but commodities traders can confidently bid up the prices based on future outlook. Which is pretty bleak. All because of this insane administration and ESG BS.
If we had an adults setting policy and not a bunch of whiney children, we would have incentives for companies to get future projects underway. While they won’t come online immediately it would stop the ability to confidently bid up prices.
The fed can only handle demand. Which is a short term solution. Kill it now, and we prices will go down. Oh, and everyone suffers. But once they ease will still have a supply problem. Maybe people will finally wake up and realize the greenies are advocating economic suicide. Sadly the average idiot just wants free college where they won’t even learn basic economics.
If we had an adults setting policy and not a bunch of whiney children, we would have incentives for companies to get future projects underway. While they won’t come online immediately it would stop the ability to confidently bid up prices.
The fed can only handle demand. Which is a short term solution. Kill it now, and we prices will go down. Oh, and everyone suffers. But once they ease will still have a supply problem. Maybe people will finally wake up and realize the greenies are advocating economic suicide. Sadly the average idiot just wants free college where they won’t even learn basic economics.
Posted on 9/24/22 at 8:00 am to Guntoter1
quote:
What YOU don't understand is that Government caused the slow down and Government is destroying any incentive for oil companies to meet demand esp, long term.
Baloney
There is more oil today being produced worldwide today than is needed worldwide.
Biden didn’t hurt demand.
So why is the cost so high?
Posted on 9/24/22 at 8:02 am to TigerDeBaiter
quote:
Which is pretty bleak. All because of this insane administration and ESG BS.
If the future is so bleak, demand for fuel goes down. We, and the world is producing more oil than will be needed.
So why aren’t oil prices tanking?
Posted on 9/24/22 at 9:04 am to SlidellCajun
quote:
If the future is so bleak, demand for fuel goes down. We, and the world is producing more oil than will be needed. So why aren’t oil prices tanking?
No one truly knows what the future will bring.
I think we aren’t in the true thick of it yet , this is just the beginning. Oil won’t start dropping until there is an actual loss of demand, which hasn’t yet materialized.
Posted on 9/24/22 at 9:34 am to SlidellCajun
quote:
Oil prices? We produce more today than we did under trump.
That's simply not true, unless you're looking only at the numbers during COVID. If so, that's being extremely and purposely disingenuous.
Just prior to COVID we were hovering around 12.8Mmb/d - 13Mmb/d, the most that's been produced under Biden thus far was in May and that was 11.8Mmb/d.
US oil production numbers by month
quote:
Trump was one of the biggest spending presidents we’ve ever had. Huge deficits. Debt ceiling lifted multiple times.
Yes and no. While the President proposes a budget, Congress can (and often does) alter it before approving it then sending it to the President for signing or vetoing. A President has no ability to alter any budget legislation that comes to their desk, their choices are pass or veto. Even though the President usually catches a lot of hell for deficit spending, Congress is the true culprit (if the President has a friendly Congress, then that's when you generally see the most spending).
Fun fact: When you look at budgets over the last 20 years, the GOP has held the House 2x as often as Democrats have but have presided over ~1/2 as much spending as Democrat-controlled Houses.
Posted on 9/24/22 at 10:50 am to SlidellCajun
We are producing less and the cost of business in general is higher because of dumb inflationary policy. How is this not on Biden? Why isn't the Democrat run government concentrating spending on sensible energy policy?
This post was edited on 9/24/22 at 10:56 am
Posted on 9/24/22 at 2:15 pm to SlidellCajun
quote:
Baloney There is more oil today being produced worldwide today than is needed worldwide. Biden didn’t hurt demand. So why is the cost so high?
He hurt supply not demand.
Hurting supply is what causes price increases.
You don’t even understand elementary economics. No wonder you are confused.
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