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My investments and income are rising faster than gasoline prices, hence I don't care. Do you expect prices to remain flat while incomes go up, unemployment goes down, and the stock market is at all time highs?
Prices go up higher than market when the Federal Reserve is printing money like there is no tomorrow.
"A fourth version of quantitative easing — often referred to as “money-printing” for the way the Fed uses digitally created money to buy bonds from big financial institutions — would be needed by year’s end to bridge a funding gap as banks scramble for scarce reserves, Zoltan Pozsar, Credit Suisse’s managing director for investment strategy and research, said in a note to clients.
“If we’re right about funding stresses, the Fed will be doing ‘QE4’ by year-end,” Pozsar wrote. “Treasury yields can spike into year-end, and the Fed will have to shift from buying bills to buying what’s on sale – coupons.”
Just like after the 2008 crisis, banks are seemingly uncomfortable lending money to this space, and the strain is starting to be felt. The Federal Reserve has been forced to balloon their balance sheet once again, throwing over $300 billion at the repo markets in just three short months.
Prices go up higher than market when the Federal Reserve is printing money like there is no tomorrow.
"A fourth version of quantitative easing — often referred to as “money-printing” for the way the Fed uses digitally created money to buy bonds from big financial institutions — would be needed by year’s end to bridge a funding gap as banks scramble for scarce reserves, Zoltan Pozsar, Credit Suisse’s managing director for investment strategy and research, said in a note to clients.
“If we’re right about funding stresses, the Fed will be doing ‘QE4’ by year-end,” Pozsar wrote. “Treasury yields can spike into year-end, and the Fed will have to shift from buying bills to buying what’s on sale – coupons.”
Just like after the 2008 crisis, banks are seemingly uncomfortable lending money to this space, and the strain is starting to be felt. The Federal Reserve has been forced to balloon their balance sheet once again, throwing over $300 billion at the repo markets in just three short months.
Gasoline is a commodity. As such, prices have always fluctuated wildly and the price is often driven by speculation. Quantitative easing is not a major factor.
Even I didn’t pay it any attention, until my Shell card bill came in the mail. Holy cow!! My monthly bill was 20% higher than last month and we drove about the same mileage as usual.
WTH? I thought all of this new “drill everywhere you can including in my driveway” type of hands off business friendly deregulation was gonna lower gas prices or at least keep it the same!
Didn’t think I’d see $3 buck gas this year. And don’t tell me about supply and demand because demand is no crazier now than it was last year. Save it.
So someone tell me what’s going on?
1. That industry is getting crushed. It is what I do for a living. Do you want a bunch of people to be out of work?
2. Gas is cheap as hell. Seriously.
3. How about helping that industry out for a change. It is insane right now.
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