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Old 08-10-2022, 11:41 AM
 
Location: Arizona
6,137 posts, read 3,847,160 times
Reputation: 4899

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Seems like they the commodities prices and interest rates have been manipulated downward since last month's inflation report and then all the sudden the manipulated numbers show zero inflation and commodities skyrocket minutes after magically.

After Biden brags about zero inflation on the same day

Lumber up 8%
Coffee up 3%
Wheat up 2%
Natural gas up 4%
Wholesale fuel up 3%


https://www.theguardian.com/global/v...-july-us-video

https://tradingeconomics.com/commodities

https://tradingeconomics.com/commodities
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Old 08-10-2022, 11:42 AM
 
10,242 posts, read 6,792,368 times
Reputation: 11342
Unreal, honestly I don't ever recall ever hearing the truth from this administration.
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Old 08-10-2022, 11:45 AM
 
Location: Salisbury,NC
16,757 posts, read 8,181,366 times
Reputation: 8532
So the complaint is that hedge funds are now getting back into commodities.

The gamblers are betting on no recession.
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Old 08-10-2022, 11:49 AM
 
Location: Sonoran Desert
39,026 posts, read 51,082,683 times
Reputation: 28222
The takeaway: commodity markets are a casino and prices are manipulated by investors and gamblers more than actual supply and demand fundamentals which did not change one bit since yesterday. The gamblers and hedge funds and bankers are betting against each other at the expense of consumers.
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Old 08-10-2022, 11:49 AM
 
Location: Arizona
6,137 posts, read 3,847,160 times
Reputation: 4899
Quote:
Originally Posted by Boss View Post
So the complaint is that hedge funds are now getting back into commodities.

The gamblers are betting on no recession.
Interesting, how the commodities prices went down so much after the government published their manipulated inflation numbers in July.

Now, just minutes after the new manipulated numbers from the BLS showed 0 month over month inflation, the price of Lumber goes up 8%, Natural gas goes up 4%, wholesale fuel up 3% and many food items surged also.
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Old 08-10-2022, 09:03 PM
NCN
 
Location: NC/SC Border Patrol
21,662 posts, read 25,569,421 times
Reputation: 24373
Quote:
Originally Posted by DannyHobkins View Post
Unreal, honestly I don't ever recall ever hearing the truth from this administration.
The president and the vice president must have failed math.
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Old 08-10-2022, 09:10 PM
 
Location: Metro Detroit, Michigan
29,702 posts, read 24,784,687 times
Reputation: 28391
Quote:
Originally Posted by Boss View Post
So the complaint is that hedge funds are now getting back into commodities.

The gamblers are betting on no recession.

They are betting on something because that's what gamblers do. And if they held on to their money in the form of USDs, then they would be betting on that just the same, but who actually expects currency to appreciate in value, especially with inflation raging out of control? That's part of why they buy commodities. To hedge against all this destruction and inflation caused by Brandon has his band of Marxist imbeciles, each more drunk on their own stupidity, arrogance and sense of self righteousness than the next.
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Old 08-10-2022, 09:34 PM
 
Location: Knoxville, TN
11,135 posts, read 5,772,890 times
Reputation: 21820
Gas is up .30 cents today here in Knoxville. I paid $3.75/gal yesterday and $4.09/gal today for midgrade.
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Old 08-10-2022, 09:40 PM
 
6,268 posts, read 2,638,984 times
Reputation: 6017
Even though the more he speaks the more he helps the Republicans, I don't know if the Country can survive until November. So this is just one more bit of proof that he's got to go back in the basement and be quiet. Because every time he speaks it becomes a total clown show.

It seems as if some of his best couple of weeks as President were when he got COVID twice and had to "Quarantine".
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Old 08-10-2022, 11:50 PM
 
6,009 posts, read 3,266,957 times
Reputation: 10812
Biden’s lies are common place and there is no national media pushback on the lies.
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