I agree with everything in your post.
I do believe the Indian government is possibly violating sanctions against Russia though. The U.S. could apply pressure on them to knock that off.
Stock Market is the bottom in?
- Thread starter Peplin Creek
- Start date
I do believe the Indian government is possibly violating sanctions against Russia though. The U.S. could apply pressure on them to knock that off.
bwoods11
5 year old buck +
Unfortunately I missed it again.. but did benefit by the SiriusXM run up in July/23… . I think that will happen again with SIRI.
Jerry-B-WI
5 year old buck +
Stand together and work as a team? Sounds like you want to form a union.
jsasker007
5 year old buck +
Hey now! Lets not get too crazy. People have the power but can't work together for their own good.
b116757
5 year old buck +
I think Biden’s policy of not letting Ukraine bomb Russian oil infrastructure has more to do with extending this war as long as possible than it does with keeping gas prices low.Couple quotes from a Forbes article…. I thought it was interesting.
===Presidents get a lot of credit and blame over rising and falling gasoline prices. In reality, there’s not a lot a president can do to impact gasoline prices in the short term. Longer term, a president can pass policies that impact supply and demand in such a way that they do impact gasoline prices. But in the short term, a president has relatively few handles for influencing gasoline prices.===
===This graphic shows the data, but it needs context. There are many stories that could be spun from a superficial reading of the data, but many of them would be wrong. For example, President Bush saw a huge rise in gasoline prices when he was in office. It would certainly be easy to cast blame on him for this, but President Bush was very pro-oil and gas development.===
Average Gasoline Prices Under The Past Four Presidents
Gasoline prices have been especially volatile over the past 20 years. Here is how prices evolved during each of the past four presidencies.www.forbes.com
But then there’s this: Biden has been discouraging Ukraine from hitting Russian refinery and energy facilities. Russia is financing their war and wartime economy with energy sales. (Interesting fact: their new Defense Minister has never been in the military. He’s an economist.) If Russia can’t sell oil and gas, they can’t pay for a war. Remember, Russia is basically a gas station posing as a country. So back to Biden. He is doing this because it is an election year and gas prices matter. I am a believer in “doing the right thing”. The right thing to do is make Russian gas and oil facilities unusable. The right thing to do is to tell the Indian government to quit buying Russian oil and gas. Both result in higher gas prices for Americans. As I understand it, Biden is in this case affecting the price of gas. Or is at least trying to. I think it’s gutless and it enables our enemies.
Now that I said that, I’m going to refer back to the bold above- it needs context. I probably don’t have enough context to know why we do what we do. I doubt any of it is as simple as “We do this and that happens.” Nothing is simple.
Whatever he reason I fear our hesitancy to deal with Putin more firmly will have long term consequences. I’m a hawk when it comes to Russia though.
jsasker007
5 year old buck +
That's fine
Last edited:
Brian662
5 year old buck +
Trumps horrible economic policies followed by Bidens horrible economic policies, what did we expect? We got what we deserved.
Only bright side is the US economy is doing better than any nation in terms of economic growth. Still doesn't make up for the inflation.
People hurt the most in the current economy of high food prices, high housing costs (especially rent) and high transportation costs are primarily those on the lower end of the affluence scale. Those without decent or higher paying jobs and little if any passive income. Many of those folks can't qualify for credit cards, so they can't load them up. Middle income households with double wage earners, a low mortgage shack, and newer fuel-efficient vehicles will roll merrily along and eat less steak and more hamburger. For many, it's likely time for a side-hustle if they have some skills. Most firemen (e.g., 3 on -2 off) have done it for years. A great side hustle is cleaning dryer vents for $100 a pop or pressure washing decks, concrete, houses, or garbage receptacles. One can do well in spite of the government if they are willing to bust their butt.
hunts_with_stick
5 year old buck +
Sold some stuff yesterday since they are at all time highs
bwoods11
5 year old buck +
I felt Trump’s economic policies were the best I’ve ever seen, similar to Reagan. The corporate tax cuts, massive trade deals, a secure border, low inflation, low gas prices all added up to great 3.5 years. Then Covid was unleashed because of the success.
Despite a Covid year .. He still had the all time record for 4 year NASDAQ (24% annual) . He also had the highest consumer confidence and small businesses consumer confidence in the past 10 years.
As a small business owner it was an amazing 4 year stretch.
Maybe you are referring to the national debt ? I wish ANY President would get that under control.. I’m guessing that will be a major challenge and most will ignore it. When they try to cut anything, the protests and screaming usually ends that thought !
Brian662
5 year old buck +
Yeah, I'm talking omnibus, covid money, PPP, etc. Specifically the economic policies. I agree with you on the rest of his stuff (not some of the trade deals) but he spent money like a drunk sailor, can't really argue otherwise.
Fiscal conservatism is all but dead, it's all smoke, mirrors, and whataboutisms now.
SD51555
5 year old buck +
What’s happening today is a problem caused by the fed, and the ‘vid. If Biden spends $200 billion slaughtering peasants in Israel and filling the pockets of the parasites running the war with no footage in Ukraine, that’s still only $550 printed money per person in the US.
The fed poured rocket fuel into the bond market to keep mortgage rates on the floor for two plus years. That put $50,000-$500,000 into every home owners pocket in America. And America used it. Some refinanced and cut their monthly payment, some packed all their consumer debt into their home, some cashed it all out and pissed it away. That’s done more to wreck the dollar than any amount of war grift or govt spending.
We’re 14 months into the slow boil, 14 months into the powers that be slowly drawing the net closed on the poor and middle class. 14 months of no stimulus of any kind and rising prices. Underreported inflation means defacto cuts to anyone on government assistance or flat incomes. So instead of being limped forward, they’re being cut down. It’s the perfect scenario to initiate the great taking, and it’s masterful how they got us here.
Sent from my iPhone using Tapatalk
The fed poured rocket fuel into the bond market to keep mortgage rates on the floor for two plus years. That put $50,000-$500,000 into every home owners pocket in America. And America used it. Some refinanced and cut their monthly payment, some packed all their consumer debt into their home, some cashed it all out and pissed it away. That’s done more to wreck the dollar than any amount of war grift or govt spending.
We’re 14 months into the slow boil, 14 months into the powers that be slowly drawing the net closed on the poor and middle class. 14 months of no stimulus of any kind and rising prices. Underreported inflation means defacto cuts to anyone on government assistance or flat incomes. So instead of being limped forward, they’re being cut down. It’s the perfect scenario to initiate the great taking, and it’s masterful how they got us here.
Sent from my iPhone using Tapatalk
Angus 1895
5 year old buck +
I did too, but I am not selling anymore.
A lot of what I’m hearing is:
Higher……..,
………………., Higher
…………..,,,…,,,,,,,,,, Higher
