No rate cuts this year
- Thread starter HawkeyeHitman
- Start date
As you know US oil production is at an all time high for any country in history.
OPEC/Russia haves reduced production.
It is a world market.
US does not control the world market.
All oil companies want high oil prices and that is the sole constraint on production in US.
It's called capitalism and free markets.
As for the housing market there are winners and losers.
Homeowners are sitting on an appreciating asset.
Is there more homeowners or those looking to buy in the US?
More Americans are benefiting from real estate inflation than suffer.
A strong economy and outstanding labor situation shouldn't be negatives, but here we are.
How many times do you mud for brains need to be told the COST of production is also rising due to jo's policies?? Is it that ****ing hard for you or do you just choose to look ignorant?It doesn't appear that Biden's policy is working the way you claim it is:
Oil production is surging. How much is due to Biden?
The administration is pushing for less use of fossil fuels while also witnessing record amounts of oil and gas production.www.eenews.net
I'm surprised about all the people who traveled to see the eclipse considering the middle class is dead.
How does real estate inflation benefit most Americans?
They need the house for shelter. They can't really realize the gain, or else they're in the market for a new house with the current interest rates and affordability issues.
But those who are not already homeowners...
March Rent CPI 5.68% YoY
Another day, another “Biden’s energy policies” being the monster in Finance85’s world.
MAGAts and Trumpers do NOT want to hear the facts regarding oil.
MAGAts and Trumpers know that Trump could do it cheaper and more effectively than anyone else.
They know this because they are MAGAts and Trumpers.
HITMAN DON'T TURN YOUR BACK ON ME!!!! IMMA YOUR BIGGEST FAN AND WANT TO GET DA SQUAD AS MUCH AS YOU DO!!!!! WE GOTTA STOP DAH BERNIE SANDAHS!!!!!!!!
Nice spin. It's taken oil production 4 years to come back from the previous highs reached prior to the pandemic, and that's despite all the headwinds created by the Biden EO's the day he took office. It's not a free market system when Biden does everything possible to limit production, uses the Strategic Reserves, and begs OPEC and Venezuela to increase their production.
As far as homeowners sitting on an appreciating asset, how exactly are they going to cash in? Sell their house and live in a tent? Sell their current house and buy another at a much higher interest rate? Your real estate statements are short sighted and BS.
For a guy with finance in his name you should probably understand that it's a global market for oil and U.S. oil production can never offset the manipulation of global pricing and production being created by the rest of the oil producing world which is currently producing significantly less oil than before the pandemic.
Can we put a moratorium on the ..."but here we are" and as I mentioned prior the "telling me you are_____ without telling me you are_____"
I go weary of the same old zingers. New material people.
No, thinking people and intellectually honest people don't take the facts out of context. Your labels mean nothing, and just prove that in the absence of a good argument, insults is the fallback position.
Good argument about what? A pretty strong economy? Biden has no excuses to make here. Orr do you believe it would be better for America to be out of work, with no jobs available and government funding breadlines and soup kitchens?
Whatever have now is far better than the alternative you and yours seem to support. We have been battling high prices and general income imbalance for decades, and it isn’t going to be solved overnight. And honestly, tell me something that Trump or Junior did that eased this trend?
The economy has been inflationary ever since Clinton left office and “tax cuts (for the rich)” became the nation’s main financial endeavor.
The solution seems quite sumpke to me….balance budgets and go back to the tax rates that were in place during Clinton’s reign of prosperity. A high tide raises all ships. The class warfare brought to America by the recent tax cuts more than nullifies and positives brought to this nation by its embrace of corporate privilege.
Anyone older than 40 can remember the 70s/80s and interest rates 7%+.
So we have everyone freaking out because we became accustomed to artificially low rates for too long.
We've returned to a somewhat "normal".
That's all this is.
So we have everyone freaking out because we became accustomed to artificially low rates for too long.
We've returned to a somewhat "normal".
That's all this is.
US Production is necessary to keep us from catastrophic market issues, such as the oil embargos in the late 70's. It also helps to not have to import oil for use in production of plastics, etc.
Look at your own post. If the rest of the world is producing less, we need the ability to produce what we need. Canceling leases and making refining harder doesn't help.
Ur rt production of oil is very high domestically. Why is that? Unfortunately, the $$ of oil is controlled almost 100% by Saudis/Arabs.
And then remember, Joe fought like hell to bring the “chip” industry back home to America.. and who was his main opposition to this action? Republicans…
anyone old enough to remember the obama years can remember trump complaining that interest rates were too low (and were kept that way to help obama)
Do…you think inflation wouldn’t have been a big problem under Trump as well? Most of the factors that caused it to spike under Biden would have happened regardless.
Bingo. We are here because Trump couldn't have failed managing a pandemic any worse.
I did because it is the easiest factual observation other than he works for Putin.
This perspective is myopic at best. It's not about producing what we need. It's a global market and the U.S. already exports more petroleum than it imports today. OPEC+ is responsible for 60% of world oil production and holds 80% of oil reserves. If they want to cut global production and set a price, there is virtually nothing that the U.S. can do to offset.
Can you remind everyone of the federal debt to GDP ratio then, to see how “normal” now really is?
The “GDP rates” never spoiled Joe Q Public like the artificially low interest rates of Bush/Obama/Trump did. Wall Street made a lot of money then….what’s surprising is Wall Street is making a lot of money now with these higher rates…..unless you are willing to admit that perhaps the nation’s economy is better than some here will ever admit.
Now do Kaleigh McEnany during Covid.
Oh, wait...they actually stopped doing pressers.
N/m
My favorite remains the gal that was the press secretary without ever holding pressers.
Stephanie Grisham!
At least she never had to stand in front of a microphone and lie every day like Kaleigh or Suckabee Sanders.
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