@fourfive8 you read a lot more into my post than I actually wrote or inferred.So that explains an inflation rate of 20% and gasoline/diesel doubling? Inflation is cumulative as is any price increase. A concept that the weak minded can't, choose not to or are incapable of comprehending. All the high prices everyone has paid the last 2 1/2 years is spent money- it is gone! Even if annual inflation dropped back to the Trump, the pre-Biden rate of around 2-3%, the money lost and lost by everyone under Biden is gone!
Inflation rate of 20%???????? Overall inflation/yr, I am not aware that it was this high.
Really good facts. The election is NINE months away. Not sure I would hang the fate of the Republic on "the economy sucks under Biden" argument.@fourfive8 you read a lot more into my post than I actually wrote or inferred.
Inflation rate of 20%???????? Overall inflation/yr, I am not aware that it was this high. On certain items, yes. Primers, a couple hundred per cent inflation.
All the money spent is gone? This is Biden's fault? (Remember, I am NOT a Biden fan) Did you not spend money during Trump, Obama or Bush's tenure? The money spent then is gone too, if I follow your logic. Maybe your money went further under previous administrations, but it's not clear to me what your point is.
Inflation is cumulative? To some degree yes, especially overall inflation. But prices can and do go up and down.
Source: https://tradingeconomics.com/commodity/gasoline
Gasoline decreased 0.36 USD/GAL or 14.35% since the beginning of 2023, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gasoline is expected to trade at 2.15 USD/GAL by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 2.18 in 12 months time.
US gasoline futures hovered below $2.2 per gallon, putting a stop to the sharp rebound since hitting the two-year low of just under $2 on December 12th, amid new evidence of increasing inventories. The latest data from the EIA showed that US gasoline stocks rose by 2.7 million barrels on the week ending December 15th, more than twice of market expectations of a 1.2 million barrel build, to mark the fifth consecutive week of higher gasoline inventories in the country. The data aligned with a 106 thousand barrel decline in product supplied, commonly seen as a key demand gauge for the US market. Still, oil-derived commodities remained supported by uncertain supply due to higher shipping costs for seaborne exports, due to ongoing attacks at ships crossing the Black Sea.
View attachment 576267
Really good facts. The election is NINE months away. Not sure I would hang the fate of the Republic on "the economy sucks under Biden" argument.
The key is, surprise surprise, the most electable candidate. According to the WSJ Trump currently leads Biden by 4 pts - 47%-43%. In the same poll, Nikki Haley leads Biden by 17%!!! Plus, she also actually knows something about foreign policy. Of course that makes her suspect to most Trump supporters. Because Republicans aren't particularly smart, we will rush over the cliff with Trump.
What worries me more than anything is that I think Trump will pull down other candidates even if he does eventually win. I look at most of the candidates he has backed and say WTF. Dr Oz? Herschal Walker? Ronna McDaniel who had drug the RNC down?I am appalled that the Republican primary is not a Haley/Desantis contest with Trump a distant third. Our party is in serious trouble if the majority feel that Trump is the best candidate.
If I was paying 2 a gallon for gasoline when Brandon took office and had been paying 2 a gallon for 2 1/2 years prior then have had to pay 4 a gallon for 2 1/2 years, please explain the positive economic outcome for my savings? I have spent that money and it is gone. For the country and during that process the high cost of fuel has clearly depressed economic growth. If taken out of time-line and long-term context, that reduction in growth (demand) will of course drive costs down, yielding an illusion of good economic news. Yippee! if that's a valid or positive economic methodology, let's have an economic depression. That would certainly drive all costs way way down! We've been in a recession for a while according to most older definitions. But those definitions were conveniently revised during the process to avoid the label. The politicians with help of their lackies in the MSM were successful in dodging that news cycle bullet I guess. Great!@fourfive8 you read a lot more into my post than I actually wrote or inferred.
Inflation rate of 20%???????? Overall inflation/yr, I am not aware that it was this high. On certain items, yes. Primers, a couple hundred per cent inflation.
All the money spent is gone? This is Biden's fault? (Remember, I am NOT a Biden fan) Did you not spend money during Trump, Obama or Bush's tenure? The money spent then is gone too, if I follow your logic. Maybe your money went further under previous administrations, but it's not clear to me what your point is.
Inflation is cumulative? To some degree yes, especially overall inflation. But prices can and do go up and down.
Source: https://tradingeconomics.com/commodity/gasoline
Gasoline decreased 0.36 USD/GAL or 14.35% since the beginning of 2023, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gasoline is expected to trade at 2.15 USD/GAL by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 2.18 in 12 months time.
US gasoline futures hovered below $2.2 per gallon, putting a stop to the sharp rebound since hitting the two-year low of just under $2 on December 12th, amid new evidence of increasing inventories. The latest data from the EIA showed that US gasoline stocks rose by 2.7 million barrels on the week ending December 15th, more than twice of market expectations of a 1.2 million barrel build, to mark the fifth consecutive week of higher gasoline inventories in the country. The data aligned with a 106 thousand barrel decline in product supplied, commonly seen as a key demand gauge for the US market. Still, oil-derived commodities remained supported by uncertain supply due to higher shipping costs for seaborne exports, due to ongoing attacks at ships crossing the Black Sea.
View attachment 576267
Now there's an attitude expressed that would make the 1st Trump impeachment players happy. And all tidy and somehow validated by adding a ref: to the rare-air, think tank group ISW Good company all I guess- the far left, Russia collusion hoax politicians (conspiracy theorists) like Adam Schiff, Hillary Clinton, Nancy Pelosi to name a few of the luminaries along with a whole fleet of TDS infected RINO never-Trumpers.The second part of the ISW assessment of what Trump and his loyal if ignorant supporters are accomplishing by allying themselves with Putin and Russia in their attempted the conquest of Ukraine. Must be a proud moment.
Institute for the Study of War
Allowing Russia to win its war in Ukraine would be a self-imposed strategic defeat for the United States. The United States would face the risk of a larger and costlier war in Europe. The United States would face the worst threat from Russia since thewww.understandingwar.org
The situation is not looking good for shipping and the west...last thing needed is prices going up more due to these religious fanatics.....nothing but the destruction of the west, and taking over the world is good enough for them....
Share Message - Tanker hit off India coast by drone from Iran, says US
Tanker hit off India coast by drone from Iran, says US
Saturday's attack caused a fire on board the chemical tanker in the Indian Ocean, the US military says.www.bbc.co.uk
There is more and more of this sort of thing starting to appear on the Russian Telegram channels (The Twitter equivalent most used by Russian bloggers).
And more of these incidents showing up on Ukrainian channels.
Both the WSJ and New York Times have noted Russia is signaling it wants a ceasefire and talks because of the Kremlin's growing "strength" and "confidence" in the progress of the war. If the signals are true, I suspect it is actually a fear of 1917. This is not an Army that acts like it is winning.
Probably not. I suspect they will be forced to husband their resources pending collapsing support from the US.Wonder if Ukraine will launch a winter offensive and then dictate more favorable terms to a cease fire.