potatochips
Well-known member
- Joined
- Sep 9, 2016
- Messages
- 545
If this regulation causes a hike in the oil price, we may be near recession. The yield curve is already starting to flatten.
Gasoline prices
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vacerator
Well-known member
Kevin,
do you mean the yield curve on stocks, and hedge funds? The market seems to like higher oil prices for a higher yield in profit. However, with that causing higher transit prices for everything, I fear you may be correct at least partially.
I hope not, and it's a little too soon for recession. We just only are on solid ground since the last, and many upper middle age and seniors haven't recovered well at that.
I think, and it's just my observation that it won't be until about 2021, or 2022, or later, like back in 2004 when it began here in the midwest, and Ontario, after our potus was elected to a second term. Then he won't care, not that he does now, only about re election. Then you see, the markets and banks, etc. can and will blame his tariff's. That will at least be an excuse. Then it will be in 2024 as was in 2008.
I pay attention to what goes on, and that will affect my votes both next November, and in 2020.
Scotus justice Kennedy also announced his retirement today by the end of this term.
do you mean the yield curve on stocks, and hedge funds? The market seems to like higher oil prices for a higher yield in profit. However, with that causing higher transit prices for everything, I fear you may be correct at least partially.
I hope not, and it's a little too soon for recession. We just only are on solid ground since the last, and many upper middle age and seniors haven't recovered well at that.
I think, and it's just my observation that it won't be until about 2021, or 2022, or later, like back in 2004 when it began here in the midwest, and Ontario, after our potus was elected to a second term. Then he won't care, not that he does now, only about re election. Then you see, the markets and banks, etc. can and will blame his tariff's. That will at least be an excuse. Then it will be in 2024 as was in 2008.
I pay attention to what goes on, and that will affect my votes both next November, and in 2020.
Scotus justice Kennedy also announced his retirement today by the end of this term.
vacerator
Well-known member
That is this current session term of the court.
We discussed at dinner, that if the USA begins to become more autocratic and begin trying to take away civil rights for women, us, etc., of possibly then becoming Canadian's and moving. Whose to say Canada won't go that way in the future though?
However, it is very frustrating to listen to our potus at a rally be so arrogant.
"I'm president, they aren't, my apartment is better, so are they more elite?"
Our Attorney General stated yesterday that hypocritical people who live in gated homes would arrest anyone who trespasses and take their children away in defense of doing so at the southern border. Seriously? No, a misdemeanor does not remove ones children from them. Conviction of a felony can.
No doubt, a new justice confirmation will try to be approved before the November mid term election.
I think, if that happens, women, who outnumber men, will vote for the democrats to retake majority. Even conservative women support their right to choose.
So, in light of that happening later if not sooner will also affect the female vote.
Common sense and mediocraty need to have balance.
We discussed at dinner, that if the USA begins to become more autocratic and begin trying to take away civil rights for women, us, etc., of possibly then becoming Canadian's and moving. Whose to say Canada won't go that way in the future though?
However, it is very frustrating to listen to our potus at a rally be so arrogant.
"I'm president, they aren't, my apartment is better, so are they more elite?"
Our Attorney General stated yesterday that hypocritical people who live in gated homes would arrest anyone who trespasses and take their children away in defense of doing so at the southern border. Seriously? No, a misdemeanor does not remove ones children from them. Conviction of a felony can.
No doubt, a new justice confirmation will try to be approved before the November mid term election.
I think, if that happens, women, who outnumber men, will vote for the democrats to retake majority. Even conservative women support their right to choose.
So, in light of that happening later if not sooner will also affect the female vote.
Common sense and mediocraty need to have balance.
potatochips
Well-known member
- Joined
- Sep 9, 2016
- Messages
- 545
Hey Mike!
Im talking about the yield curve for two and ten year bonds. Its narrowing again, its at .34 I think? And a month or so ago it was .36. The price of oil usually can be sign of recessions as usually it goes high before a recession. The unemployment rate is also very, very low which, is another sign one is near. PLUS the interest rate seems to be nudging its way up from the fed, even in Canada too. A few analysts are calling the current stock market a hold market, as in dont buy but dont sell either. Just hold and wait. The USs GDP isnt as good as projected for growth this year. I fear too with Trumps corporate tax cuts that the government may not generate as much income. And I also fear this Trump-Trade-Tirade can also have an impact.
With all of that above, plus the fact that this has been the second longest business cycle, were due for a recession. I dont want to say its imminent as I think that its probably a year out, but Trumps trade tirade is a wild card that could spark one any time.
Im talking about the yield curve for two and ten year bonds. Its narrowing again, its at .34 I think? And a month or so ago it was .36. The price of oil usually can be sign of recessions as usually it goes high before a recession. The unemployment rate is also very, very low which, is another sign one is near. PLUS the interest rate seems to be nudging its way up from the fed, even in Canada too. A few analysts are calling the current stock market a hold market, as in dont buy but dont sell either. Just hold and wait. The USs GDP isnt as good as projected for growth this year. I fear too with Trumps corporate tax cuts that the government may not generate as much income. And I also fear this Trump-Trade-Tirade can also have an impact.
With all of that above, plus the fact that this has been the second longest business cycle, were due for a recession. I dont want to say its imminent as I think that its probably a year out, but Trumps trade tirade is a wild card that could spark one any time.
vacerator
Well-known member
Makes sense Kevin
Could our potus maybe be in on that high oil price, and thus potential for recession then?
Low unemployment is good, but how many new jobs are low pay? That's who recession hurts most, as well as anyone laid off.
During the 60's, and 70's, I recall low unemployment those decades. My dad always had a good job. He never had to draw unemployment. It seemed downturns were minor, and short in the stock markets.
Inflation started to rise in about late 1968, so Nixon tried to pass a wage and price freeze. Congress shot it down. We were still in the Viet Nam war as well.
Some Americans went to Canada over that also.
Still, what happens to the USA also fairly much happens to Canada. Our economies are very closely related.
Hope for the best, neighbor, or neighbour. Peace, and live long, and prosper.
Could our potus maybe be in on that high oil price, and thus potential for recession then?
Low unemployment is good, but how many new jobs are low pay? That's who recession hurts most, as well as anyone laid off.
During the 60's, and 70's, I recall low unemployment those decades. My dad always had a good job. He never had to draw unemployment. It seemed downturns were minor, and short in the stock markets.
Inflation started to rise in about late 1968, so Nixon tried to pass a wage and price freeze. Congress shot it down. We were still in the Viet Nam war as well.
Some Americans went to Canada over that also.
Still, what happens to the USA also fairly much happens to Canada. Our economies are very closely related.
Hope for the best, neighbor, or neighbour. Peace, and live long, and prosper.
vacerator
Well-known member
Spoke too soon.
Back up to $310 here now.
We're getting it from both ends now with construction season.
Many drivers have suffered expensive chick hole damage, now sit in traffic which wastes fuel and adds stress.
Then rather than pay attention to driving so more cars can turn on green arrow lights, they are on the phone, which makes them poke and put.
They don't want mass transit, electric cars, or anything that makes more sense.
Not even the alternating a.m. and p.m. congestion flow reversal like Las Vegas uses.
Back up to $310 here now.
We're getting it from both ends now with construction season.
Many drivers have suffered expensive chick hole damage, now sit in traffic which wastes fuel and adds stress.
Then rather than pay attention to driving so more cars can turn on green arrow lights, they are on the phone, which makes them poke and put.
They don't want mass transit, electric cars, or anything that makes more sense.
Not even the alternating a.m. and p.m. congestion flow reversal like Las Vegas uses.
Just paid $2.99 here for midgrade
$2.419 --> $2.599
vacerator
Well-known member
It's Thursday though
so we'll see. It was $289.9 yesterday. Usually goes up on Thursdays. They may have given us a little break for the 4th., then hammer it up for the return to work week.
so we'll see. It was $289.9 yesterday. Usually goes up on Thursdays. They may have given us a little break for the 4th., then hammer it up for the return to work week.
WAWA in Beltsville on 7-6-18: From 2.65 to 2.75 for Regular.
northwesty
Well-known member
In the old movies
Gas was about 20 cents a gallon, so that would be about $3.00 today (two silver dimes) Honestly the price of gas isn't too bad.
Gas was about 20 cents a gallon, so that would be about $3.00 today (two silver dimes) Honestly the price of gas isn't too bad.
vacerator
Well-known member
Everyone say that about gas prices.
Not too bad, but take into consideration all the other costs of driving, and living which are not as affordable as then. You have to consider the entire picture.
Sure, $3 sounds not bad until you figure in insurance, upkeep, repairs from bad roads, tires are more expensive as they are made with petroleum, etc.
Gas taxes to maintain roads also.
Let's regroup Monday and see where they are.
Not too bad, but take into consideration all the other costs of driving, and living which are not as affordable as then. You have to consider the entire picture.
Sure, $3 sounds not bad until you figure in insurance, upkeep, repairs from bad roads, tires are more expensive as they are made with petroleum, etc.
Gas taxes to maintain roads also.
Let's regroup Monday and see where they are.
10-19-18
WAWA price for a gallon of regular $2.55, down 11 cents from last week.
WAWA price for a gallon of regular $2.55, down 11 cents from last week.
My last buy on 10/17 was $2.509. Saw $2.489 somewhere today or yesterday, and $3.299 somewhere else today for premium grade.
I think I paid $3.09/gal for diesel Friday morning.
2.70 to 2.80 around here.
justjunque
Well-known member
Tim
Yup.
That's about what I'm seeing, a little south of you, in Western MA.
Barry
Yup.
That's about what I'm seeing, a little south of you, in Western MA.
Barry
twintubdexter
Well-known member
<span style="font-size: 14pt; color: #008000;">My friend is visiting from Phoenix. He just said gasoline is about $1.00 more here a gallon than where he lives. Summer additives along with taxes add to the price of California gas. Being a selfish oldster I don't care about gas prices. I do a tank fill about every 3 months with 2 V8 vehicles. I put 12 gallons in my 65 Buick Wildcat for a local car show yesterday. First time in 3 years. I realize how insensitive it is to say I don't care about fuel prices since many people have to commute out of the Desert for employment, some as far as Ontario or even Los Angeles and for those who use their cars to support their livelihood everywhere.</span>
<span style="font-size: 14pt; color: #008000;">I'll add a few gallons around 2023...I should live so long.</span>
<span style="font-size: 14pt; color: #008000;">I'll add a few gallons around 2023...I should live so long.</span>
justjunque
Well-known member
Joe
Gorgeous Buick!
And love the plate!
Barry
Gorgeous Buick!
And love the plate!
Barry
$2.059
