Investing

[gehringer_2]

43 minutes ago, romad1 said:

Oh look DOJ is dropping their investigation of Powell.  I guess our markets are free of government influence now.  

good for Tom Tillis

[Deleterious]

Wednesday could be fun. 

2:30PM is the FOMC rate change announcement. 

Then after the bell Microsoft, Google, Amazon, and Meta all report earnings.

[Deleterious]

They were a member for 59 years

 

[gehringer_2]

4 hours ago, Deleterious said:

They were a member for 59 years

 

This is about getting out of production quotas.

At some point I suppose we may start seeing a race to the bottom by oil producers who  see the end of an oil based economy staring them in the face and are deciding better to cash out now than try to keep the price high and see the market shrink even faster. I tend to think that when countries look out and see the US, the supposed guarantor of stability being the one screwing up the oil markets, it's sort of the last straw in the decision matrix to just get off oil as fast as possible. Nuclear is coming back, renewables are the vast majority of new utility capacity going in around the world, and the Chinese are ready and able to supply the world with cheap EVs. 

Now that said, a pipeline or three built to get around Hormuz and Trump off the stage, the pendulum may swing back, but for now, other than the US, the developed world is heading for the exits on oil & gas as fast as they can. And even here, Trump may keep the odd coal plant running here and there, but utilities are voting in the other direction with their investment dollars anyway.

Edited 1 hour ago by gehringer_2

[Screwball]

Somebody's delusional, or reading too much green BS.

[gehringer_2]

21 minutes ago, Screwball said:

Somebody's delusional, or reading too much green BS.

What looks true here is the illusion. The US aint the world anymore - we are making ourselves irrelevant. The world is moving on, even if we aren't. More than 50% of new cars sold in China are EVs, 98% in Norway, 75% in freaking Nepal of all places. The EU and China together are much more of the real world than we are. And even here, gasoline consumption peaked in 2018.

Edited 1 hour ago by gehringer_2

[Hongbit]

[Hongbit]

Im sorry but it’s impossible to separate politics from the investing thread anymore since that’s cause for all economic movement at the moment.  

[gehringer_2]

12 minutes ago, Hongbit said:

That 'arrogant ass' being another great character portrayal by Stellan Skarsgard, BTW.

[Hongbit]

39 minutes ago, gehringer_2 said:

What looks true here is the illusion. The US aint the world anymore - we are making ourselves irrelevant. The world is moving on, even if we aren't. More than 50% of new cars sold in China are EVs, 98% in Norway, 75% in freaking Nepal of all places. The EU and China together are much more of the real world than we are. And even here, gasoline consumption peaked in 2018.

Those countries don’t have a corrupt government that has been bought off by the Oil & Gas Industry.  

[Screwball]

Gas prices were this high in 2022 due to the Russia/Ukraine conflict (the chart porn proves it) and the BlueMAGA cult members just put Ukrainian flags in their yard and cheered. How's that for politics?

The country is a ****ing mess, has been a ****ing mess, and will continue to be a ****ing mess, and well over half the population has their heads stuffed up their ass and think electing ANY of these worthless pukes will fix the ****ing mess. 

How's that for politics since we have to go there?