/biz/ - Business & Finance

>>49909542
Oil has already bounced off the peak, it's down to 104 today. Not sure if we're gonna crab, sink, or challenge the old highs.

People are going to beg for rates to drop when they find out $8 gas and $7.25 minimum wage >>>> $4 gas and a $0 wage because they got laid off.
Wagies get in cagies and learn to cope with their ragies. Tale as old as time.

>>49909542
We're going to build more refineries or we're going to keep paying these prices, those are the only options. Refineries are the limiting factor in all of this

>>49909542
Oh, right. They are still pretending that consumer goods skyrocketing in price since last year has nothing to do with inflation but is only due to [insert external problem of the month]

>>49909542
yes

>>49909542
Once they release the Roe ruling China will probably poke at Taiwan.

>>49909542
we know that gas and food is getting expensive, but dont worry because we will make you lose your job and demolish your networth so that you cant afford it

>>49909756
What if I told you that it were possible for multiple factors to be at play?

>>49909542
Americans will eat less (food prices) and walk more (gas prices) thus losing weight and becoming healthier. A win win in my book.

>>49909704
Also this. Either Biden builds a government owned/operated refinery or he pays gas companies to do it, that is the only real solution. But half his party would just cry about the environment and subsidizing oil so it is a nonstarter.

>>49909634
>peak
Holy fuck this is gunna be a rough decade for you guys.

>>49909542
Why don't they just make it cheaper? Don't they realize that eventually people won't be able to pay?

How can I take delivery of gasoline?

>>49909542
He just doesn't want to say it'll go down and end up dragged back to another Senate hearing if it doesn't.
Nothing bad happenss to him if he says it won't improve and then it does improve.
Same reason there's a bias towards reporting rain forecasts more often than sunny forecasts. If you're wrong about rain and it doesn't happen nobody cares, but if you say it won't rain and it does then people get annoyed.

>>49909542
>we're going to keep printing money

>>49909542
I can't legally say how I'd like to deal with this.
https://www.youtube.com/watch?v=gUwaf1wuOBw

>>49909542
same as Turkey. interest rates rising cause to much pain so instead they lower em' and run the printer. Tell people printing money will help inflation go down.

Meanwhile smart money moves to BTC. Hence why they raised rates to crash it so they could load up cheap b4 the hyperinflation starts

>>49911346
Keep dreaming the dream retard. Crypto is dead!

>>49909934
>we know that gas and food is getting expensive, but dont worry because we will make you lose your job and demolish your networth so that you cant afford it
This is what the average person wants. Take a look at any reddit thread and everyone wants the rates hiked immediately to 10% so that they can become as poor as possible. I'm shocked at how quickly the populace has embraced pic related

>>49911346
>smart money moves to BTC
meds now

>>49911090
>you guys
Are you not also in this decade?

>>49909704
No no no no... Please understand there is no issue with the oil supply, there is an issue with the supply of money and more precisely the fucking huge excess of it. It's literally the textbook definition of malinvestment to start FOMOing into consumer goods or oil now.

>>49911346
basically this

>>49911552
add it to the list retard

>>49909542
>How exactly is this gonna play out?

wage spiral but with more unemployment, this clowns are doing anything to prevent wages rising for the first time in 51 years.

Wages will rise due to people losing their jobs but not enough money to go to work due to transportation and food cost.

Food stamps will go parabolic as well as shrinkflation on food, followed by massive chimpouts during 2023.

They are imbeciles they should raise the minimum wage and cope with it.

2 years ago people like pocahontas were crazy now they are crazy but starting to get right due to this morons wanting wage deflation and economic inflation.

The worse shit is that the fed is doing this to return the blame of inflation to the executive power.

>>49911681
He committed suicide after hitting submit on his post.

>>49911626
He is 100% correct an energy crisis and wage spiral is coming this morons are trying to supresss so many economic variables that they are going to get rekt when it gets out of control.

Best case scenario for them is 10% unemployment with 4.5% inflation rate in food and 30% in energy

I don't know what game they are playing.

>>49911561
youre a moron. we have cash ready to buy cheapies from filthy pathetic freeloaders like you who thought you could just borrow money at 0% rates. pathetic fucking scum, you deserve to OWN nothing and be happy about it. cunt.

>>49911793
The part about smart money going to bitcoin is absolutely not right lol.
Bitcoin if anything has tended to plummet during economic downturns. It does the opposite of what it was designed to do and behaves more like a tech stock people speculate on than a store of value people take refuge in.

>>49909634
>Oil has already bounced off the peak,
dude the gas prices have decoupled, clown world is turning into killer clowns from outer-space world.

>>49911755
Exactly. The fraud on the market created by inflation is to trick producers into investing in more productive capacity only to have the rugged pulled when inflation is scaled back. This is how banking causes the business cycle and how government involvement through the Fed makes it so much worse.

There is a huge distortion in the market created by Fed meddling and government spending that needs to be corrected. And it IS going to hurt.

>>49911036
>he thinks walking causes weight loss
are you a 75 year old woman?

>>49911882
btc was born in an economic downturn and btc 2016-2017 bullrun happened with the fed rising interest rates it stoped once the fed started to sell assets and raising rates even more.

Smart money is unironically into btc this time even if in a smart part, btc historically had 2 years of weak bullrun + 1 year of massive bullrun + 1 year bear

The bear year ended 365 days before the next halving so that will be in around 10 months at max.

Even less if they start to do ycc and money magic.

>>49911959
My boomer dad got diabetes when I was a kid because he believed he could eat 4 times a normal BMI calorie count each day and still be healthy as long as he did lots of walking. He was genuinely surprised since he thought diabetics "weren't active," like he didn't piece together that the being active part was solely relevant in the sense where it could allow someone to weigh less and would be pointless if you still ended up 300lb after subtracting loss from the exercise.

>>49911897
This would be called malinvestment. Fucking w interest rates sends the wrong signal to producers/entrepreneurs and creates zombies. Like you said. Also, there was a business cycle before the Fed and fiat $, just not as spectacularly inflated like 1929-present

>>49911777
>trips of fucking truth
Holy shit.

>>49911993
Bitcoin is objectively 95% correlated with the Nasdaq. It doesn't perform better when the stock market performs worse. It follows the stock market.