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Business, Economics, and Taxes 2: That's Why We Fight to Take the Means Back

rufus said:
So......when the stock market's doing good under a Dem president, it doesn't really indicate how the economy's doing.

But if it's doing good under a Republican president it IS an indicator of how the economy's doing.

But if it's doing poorly under a Republican president, then again, it doesn't really show how the economy's doing.

Have I got that right?
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Ding ding ding! You, sir, are clearly Heritage Foundation material.
 
LynahFan said:
Ding ding ding! You, sir, are clearly Heritage Foundation material.
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Don't forget your welcome packet:

Lobotomy-Tool-Set-Hammer-Orbitoclast-600x450.jpg
 
dxmnkd316 said:
How’s that oil portfolio looking ticap?
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I sold out of that last week. I like to play the market, I'm not suicidal.

I did just reshort the market. I figure it's a safe bet that he will manufacture another crisis either as a distraction from the Trumpstein Files or through his bumbling incoherence.

Speaking of oil though
price of gas.png
 
Brent dropped from 110 to 90 on the news of the cease fire.

Back up to 98 this morning. So that little maneuver might not even buy Dump the weekend.
 
ScoobyDoo said:
bsky.app

Robert Reich (@rbreich.bsky.social)

Spoiler alert: nothing trickled down.
bsky.app bsky.app
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People believe this because they think they can become rich. Just like they think they can win the lottery.

Although, I would not be surprised at all that people are more likely with the lottery than become that rich from work.

There's no way a billionaire can spend their money in a lifetime, thus tying up money that other people can use actually driving the economy. Billionaires are bad for the economy.
 
Kepler said:
Brent dropped from 110 to 90 on the news of the cease fire.

Back up to 98 this morning. So that little maneuver might not even buy Dump the weekend.
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$100 is the new $80, which is the new $50. its going to become the (on paper) baseline from here on out.


Let's not forget that oil tankers that made it through before the breakout of war are either still floating to their destinations or just recently offloaded their cargo. Oil producers haven't had any new deliveries at the new rates.

As it stands, actual cost of oil is around $140 (not the paper futures market). Prolonging the war will cause the actual price to continue climbing.
 
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