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stand in contrast to President Donald Trump’s ability to move markets throughout his first term and into his second.
This makes it sound like Trump otherwise had a uniquely good effect on markets. But his "good times" look the same as the market has looked back to the 90s except during Dubya's term when the markets were very "meh" the whole time before crashing out.
Now he's done perhaps even worse than dubya...
"Cuba is next." -Founder of the Board of Peace
Recipient of the FIFA World Peace Prize
It's like the FIFA World Peace Prize means nothing anymore.
I know right? Remember last year how powerful and impactful the award was?
Fortunately some people are still making a shitload of money betting on Trumps announcements 5 minutes before they happen.
Thank god the worst people can make money inside trading on war crimes.
If I had a choice? I'd rather they fleece betting sites then the stock market since the latter could have a knock on effect on me and mine.
Yes and no. Yes, I'd rather have them fleece similarly rotten gamblers. No, I don't like them making terrible decisions intentionally, because those will always be the most profitable bets.
Wall Street is very assured, as are the Business Plot class. It's the regular people who are rightfully skittish.
This just in: 6 time bankrupted felon can't manage economy. More at 10!
I feel we should've never leave out the fact he bankrupted a casino. A fucking casino
Well also should never leave out the fact he rapes children
Three casinos.
Elect one of the dumbest most brazen idiots on the planet. Be shocked when the world goes to shit.
If you think this week was bad, you should see the next one.
If this boosts renewables, then there's a silver lining
At least for non-US renewables, their stock prices had been less volatile compared to others. Renewable energy in the US isn't going to do well so long as Trump is in power.
At least for the renew crew. At this point we’ll take any W.
Well alright then, but you’re nearly overloaded. The wrenew crew can’t take many more Ws
Back when I was in college, it was the first gulf war and oil was around $20 a barrel.
One of my professors was talking about shale oil and how the US has phenomenal shale oil resources but it's not profitable at anything less than $125 a barrel "and if oil is $125 a barrel we're all screwed anyway!"
Well...
https://www.macrotrends.net/1369/crude-oil-price-history-chart
(North Dakota made SO much money!)
We're not screwed.
Oil no longer being available on the market is literally what's necessary to save us
indeed, we've been told for 30 years we need to move off fossil fuels, we could have made our best effort to move away as fast as we could but instead a big ho hum and increased useage.
This is like experts telling you smoking was bad and then complaining you've lung cancer.
fuck us , maybe this will work ? here's housing for a grind to $180 a barrel
Granted $125 a barrel back then would be close to $300 today
Yeah, that's a good point. What is $125 1992 today?
$295.79
https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=125&year1=199201&year2=202602
Yes
Breakeven costs on fracking nowadays is like $60 a barrel actually, we're pretty much producing all the fracking oil we can at this point
Yeah, like I say, North Dakota was a boom town for a bit. Colorado has a metric fuck ton too.
https://coloradogeologicalsurvey.org/energy/e-fossil/oil-shale/
It's that $10 oil that made 2nd gulf war necessary. Thank god for 9/11.
The market tanked last week and this is the first article I have seen where it used an adjetive to describe it even though previously one percet drops would have headlines like the sky is falling. This is enough of a plunge where the rich folks are starting to notice.
Oil hits $100 a barrel
I read the headline and thought, "oh damn, is the price going down?”
I thought it passed $110 when Trump started the war with Iran.
There's more than one oil price:
Oil prices also rose sharply, with U.S. crude topping $100 a barrel and global Brent crude at approximately $114 at around 4 p.m. ET.
Brent crude went above $100 early, but US crude just got there.
Where can I find a list of all of these prices (ideally charts) on one page, with links to a description of how a specific market's price is determined?
I've been watching this; I've been assuming WTI Crude is the price most US outlets are talking about when they are talking about crude.
https://oilprice.com/oil-price-charts/
No idea how they are determined other than the market deciding?
I think he bought a bunch of their oil and brought the price down for a few days.
You have to really be amazed that he still has any supporters.
Markets crashing, everything getting much more expensive, concerns about upcoming crops, bombing Iran for no fucking reason...
Promises made, promises kept?
Who even fucking believes such nonsense? I swear, if un-American internal Tokyo Rose outlets like Faux "News" and hate radio didn't exist, that support would be more like 5-10%. Without a constant onslaught of propaganda, there is no way you could sustain such absurd beliefs.
Welp. I’d like to not say I told ya so, because that’s not helpful.
…
What could he reassure them with? Absolutely none of his actions or the furtherance of those actions could benefit the US. None.
This happened because Trump's delay on global economy mutual assured destruction was vetoed by Israel. Trump cheered it on, as Israel said US coordinated with them. No media questions about "Israel's veto" were ever asked despite him making appearances with questions.
Well, (Casual long pause) He’s at least saying (checking notes) something. EDIT: For the record, we did not say it was coherent, fact based, or had any truth in nature about it whatsoever. We wanted to simply state that it was indeed, something. And that folks, ain’t no lie.
