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re: Is the bear market over?

Posted on 4/4/23 at 1:35 pm to
Posted by el Gaucho
He/They
Member since Dec 2010
58525 posts
Posted on 4/4/23 at 1:35 pm to
No this bear market is gonna last the rest of our lives
Posted by el Gaucho
He/They
Member since Dec 2010
58525 posts
Posted on 4/4/23 at 1:38 pm to
quote:

I know I am the biggest bear there is on money talk and I would love to be wrong about the state of our economy.

You should be the most bullish

You’re gonna be safe in a nice 3rd world country while the rest of us are in the fema camp
Posted by Marcus Aurelius
LA
Member since Oct 2020
3900 posts
Posted on 4/4/23 at 3:20 pm to
no
Posted by Jag_Warrior
Virginia
Member since May 2015
4292 posts
Posted on 4/4/23 at 4:31 pm to
quote:

I am diversifying away from USD buying property in Venezuela


Posted by Bard
Definitely NOT an admin
Member since Oct 2008
57978 posts
Posted on 4/4/23 at 5:18 pm to
quote:

It’s pretty damn open. We will almost certainly set production records this year for domestic oil. We are drilling more than ever practically.


At least of January's numbers, we were still ~500k bpd behind pre-COVID numbers in crude production, so that's not too bad. The problem is we have lower refining capacity and are refining at a lower rate.

US Crude Production

Inputs to refineries

Refinery capacity utilization

Number and Capacity of US Petroleum Refineries
Posted by oneg8rh8r
Port Ludlow, WA
Member since Dec 2003
2939 posts
Posted on 4/4/23 at 8:50 pm to
With price of oil going back up, gas is sure to follow and cost of logistics will rise, therefore cost of everything will rise and inflation will be back on the rise again.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
40326 posts
Posted on 4/4/23 at 9:04 pm to
quote:

At least of January's numbers, we were still ~500k bpd behind pre-COVID numbers in crude production,


2019 we averaged 12.3 m bpd. Projections are for 12.4 average this year.

Refining rate should improve in 2023 as there were a ton of major turnarounds across several refineries in 2022.
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
57978 posts
Posted on 4/5/23 at 7:18 am to
quote:

One of the big signals the Fed is looking for to know when to pause/pivot on rate hikes is for Unemployment to start going up. Job creation has remained stubbornly strong so Unemployment has continued to remain low.


March job numbers are coming out right now. Expectation was around 200k, coming in at 145k. The market should take this as a good sign, but we'll see.
Posted by BeYou
DFW
Member since Oct 2012
6037 posts
Posted on 4/5/23 at 10:17 am to
ADP report is less reliable. Let's see what the BLS report on Friday shows.
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