"Inflation is coming down"

[Terrel L. Shields]

The hemorrhaging stopped yesterday.

Japan raised interest rates...while very low (they were in negative territory) 0.25% still puts pressure on the people shorting the yen. They are shorting in a massive carry trade, where the shorts are doing all this on margin. So, to cover their shorts, they may need to come up with a lot of cash to fill the gap.

Meanwhile Goldman Sachs is predicting that $75 a bbl for Brent oil (which is usually about 5-10% higher than West Texas Intermediate (WTI) will be a floor for the foreseeable future. Even though the demand appears to be slowing for oil, it is clear EVs are a failure in the market and in Germany, for example, as soon as the EV tax breaks expired, sales of EVs fell by 37%.

Meanwhile Chevron is leaving California for Texas, and the state is threatening to take over the refineries in the state (under what color law I have no idea) and in doing so will crush the state's economy as well as drive many companies out of the state and bankrupt the state as well. Melluvahess.

 

[Tom D]

will crush the state's economy as well as drive many companies out of the state and bankrupt the state as well. Melluvahess.

Just in time for gavin to look for a new job, like president. Then he can help the us economy blossom, right fernando.

 

[timindp]

LOL Gavin would put the US into the stone ages with those far left policies. Large companies keep leaving CA. Sounds like a great place to do business. Why is it that an AMC license costs $450 in Florida and an AMC license in Calif is $5000! ??? And people are still clueless.

 

[Carnivore]

Funny how the media and our current fed government portrays the inflation rate. They keep saying inflation rate is down, as if prices are down. When in reality prices of goods are just increasing slower. Something like that.

Ole Joe and his cronies caused all of this by spending way beyond our means, Meaning they just kept borrowing. I don't let republicans off the hook either!!

I read recently that (our government is borrowing money just to pay the interest on money we already borrowed, Imagine if you did that in your household budget!! Well you would go bankrupt!

 

[Tom D]

Walmart customers have expressed their fears over surging prices after the retailer made a major new change.

Stores have started implementing new digital price tags on shelves, with consumers believing the change could make it all too easy for prices to be manipulated based on external factors. Many shoppers believe the new system will be used as a tool to scam them with constantly changing price tags.

 

[Terrel L. Shields]

 

[Terrel L. Shields]

Even Tupperware is going bankrupt.

 

[James Mpls]

It’s going to be Amazon only left standing…wow!

 

[James Mpls]

The Washington Post celebrates the “great economy”, since the Democratic Party has become the new party of the elites, and they are a heavily biased media source. Blue states hold around 60-65% of total US wealth, while red states hold more like 35-40%. To people who own a lot of assets, especially equities and property, etc, the economy is “great”. To lower income people…not so much. There are two distinctly different economies going on presently.

 

[George Hatch]

I was coming back from an inspection yesterday and stopped off to get the 5yr old a chocolate shake and fries, just because.

It cost me $9.57