INFLATION--FED's cutting rates again...
- Thread starter Chop
- Start date
for a day maybe. Gasoline going up over $0.50 over the last two months is a more important indicator. (Up means higher inflation.)
Natural gas goes down as we come out of the winter months. I would not expect the usual drop to be closer to $2 as all excess natural gas is being liquified and sent to Europe where the US LNG is now Europe's largest source of gas.
Facing Addiction
1,000+ Posts
This guy says crypto is worthless, a libertarian wet dream:
Opinion | Paul Singer, the Man Who Saw the Economic Crises Coming
Thanks to Obummer and Sleepy. Could be a lot lower.
Crude closed at 52.98 on 19 Jan. 2021 (the day before Uncle Joe took over). It closed last night at 79.74 - a 50.51% real dollar increase.
Statalyzer
10,000+ Posts
I too am "the" man who saw the economic crises coming... :/
Yet my royalties are paying nothing.
-but the price of gasoline at the pump keeps going up. Being a retiree on a fixed income, I feel the pinch - and I don't like it. Sure hope we see a turnaround in prices at the pump soon - followed next year by a turnaround in the White House to GOP control!
HHD, I am with you, but the best we can hope for is gas between $2.80 and $3.35. Refining limitations and exports of crude have created a bottleneck. Even if the Republicans get their act together and actually win the 2024 Presidential Election it will be two years before a substantial lowering of gasoline prices will take place. Every day Uncle Joe stays in charge the hole gets deeper.
Just a friendly reminder that it costs over $9 more per barrel to get that oil down to the refineries by rail than by pipeline.
Just a simple question if anyone knows, how much more environmental damage has been down the last few months by railroad accident than by pipeline?
Of course, the pipeline isn't kicking money back to the democrats.
Just a simple question if anyone knows, how much more environmental damage has been down the last few months by railroad accident than by pipeline?
Of course, the pipeline isn't kicking money back to the democrats.
Headline CPI reported at 5.0% today. Most expect the Fed to increase its interest rate to 5.25% at May’s meeting and then hold through the year. Thus the crossover is finally here, although 1 month later than I foresaw due to sticky rent inflation. You can now earn more money in an CD than future inflation is hurting your wallet at the store (sound money!). Inflation is expected to be 3.5% by Fall as year over year rent comps come down.
That January closing price represented a huge increase from the negative price barely eight months earlier.
Gas prices are what really spiked between the day before election and when Mush for Brains was installed.
Locally, we have gone from $2.79 to upper $3.2x and even some $3.3x for regular. Ad 75-80 cents or more for premium. That is roughly in six weeks.
Within Texas, it is quick and easy to add 40 cents to RBOB futures plus a few cents for the store and know roughly what to expect...
I presume some of this cost increase is switching to summer blend gasoline from winter blend.
More signs are emerging that rent inflation has peaked — Axios
In the upcoming 6 months, the inflations comps for YoY will be very forgiving since peak inflation (rents, goods, etc) hit peak from April - October, 2022. Right now the headline numbers are 5-6% inflation, but assuming no drastic changes, inflation is going to drop to 3.5% based on comps alone. I expect another rate hike in late summer to 5.5%. The delta of 2% interest points is very healthy for the economy moving forward (unless your business model depends on free money).
In the upcoming 6 months, the inflations comps for YoY will be very forgiving since peak inflation (rents, goods, etc) hit peak from April - October, 2022. Right now the headline numbers are 5-6% inflation, but assuming no drastic changes, inflation is going to drop to 3.5% based on comps alone. I expect another rate hike in late summer to 5.5%. The delta of 2% interest points is very healthy for the economy moving forward (unless your business model depends on free money).
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Unfortunately, some of us have to pay for housing and food. Nothing has eased there in North Texas.PPI reported today is 2.7% vs March last year. Other than rents and services (think insurance, etc), inflation will be coming down hard in the next 6 months.
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