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The stock market is surging yet again for the elites and pension funds as revenues are surging at many companies from all inflation.
For the middle and lower end of the economic scale, more Bideninflation with oil up 4% after begging for Saudi oil was ignored by the Prince of Saudi Arabia and Wheat for bread and Natural gas which many use to keep cool in summer wholesale prices up another 7%.
I don't consider myself any kind of elite, but have about 10k in the market that I slowly accrued over 3 years. What you say about today is true, but appears to be more of a recovery from some sell off last week. Most stocks are way up today, but in aggregate flat going back over the last week.
The stock market is surging yet again for the elites and pension funds as revenues are surging at many companies from all inflation.
For the middle and lower end of the economic scale, more Bideninflation with oil up 4% after begging for Saudi oil was ignored by the Prince of Saudi Arabia and Wheat for bread and Natural gas which many use to keep cool in summer wholesale prices up another 7%.
Unsurprising news on the wheat. Ukraine is a huge factor with wheat, if Europe can't get wheat there, they'll buy from the US, which drives the prices up domestically.
Time to start farming, things are going to get messy.
Where was the OP when oil prices were dropping 30% over the past month? Gas is under 4 bucks in huge swaths of the US. Silent on that too.
Energy gamblers (traders) are nervous that Russkies are going to expand using energy supplies as a weapon against western Europe. The gamblers set the prices. They will be selling if the Russkies turn on the gas again on 7/21.
The stock market is surging yet again for the elites and pension funds as revenues are surging at many companies from all inflation.
For the middle and lower end of the economic scale, more Bideninflation with oil up 4% after begging for Saudi oil was ignored by the Prince of Saudi Arabia and Wheat for bread and Natural gas which many use to keep cool in summer wholesale prices up another 7%.
The stock market is surging yet again for the elites and pension funds as revenues are surging at many companies from all inflation.
For the middle and lower end of the economic scale, more Bideninflation with oil up 4% after begging for Saudi oil was ignored by the Prince of Saudi Arabia and Wheat for bread and Natural gas which many use to keep cool in summer wholesale prices up another 7%.
Where was the OP when oil prices were dropping 30% over the past month? Gas is under 4 bucks in huge swaths of the US. Silent on that too.
Energy gamblers (traders) are nervous that Russkies are going to expand using energy supplies as a weapon against western Europe. The gamblers set the prices. They will be selling if the Russkies turn on the gas again on 7/21.
Oh well, the Democrats should celebrating the fact the stock market is surging yet again. Treasury and Mortgage rates seem to be being manipulated downward also so the elites can take out lots of debt at artificially low rates.
The others can have their inflation.
Democrats are the Marie Antoinette's of the this century.
Oil was down to $45 in 2018 during Trump the 2nd year of Trump in 2018
Oil was $20 during the 2nd year of George Bush's administration.
The stock market is surging yet again for the elites and pension funds as revenues are surging at many companies from all inflation.
For the middle and lower end of the economic scale, more Bideninflation with oil up 4% after begging for Saudi oil was ignored by the Prince of Saudi Arabia and Wheat for bread and Natural gas which many use to keep cool in summer wholesale prices up another 7%.
Looking at oil prices on the daily is nothing more than watching the futures market at play. It happens no matter who is in office. Were you complaining when Oil futures were negative? How about when gas at the pumps was about 25% higher than it is today, just a couple months ago? Oil is a global commodity, and how much the US pumps has a muted affect on the global market.
Pension funds: LMAO, not many companies still offer pension funds, but it is true that the elites are getting better and better deals. This has been a trend for 40+ years, under both parties. If you want to blame anyone (bad idea), you might look at the Reagan years for really embracing and kicking off the pay gap that we see today between rich and the rest of us.
Wheat: Already stated, there is a war in the "breadbasket of the world", what do you expect?
Inflation in general right now is mostly a result of supply-chain interruptions caused by a sudden stop in demand due to the lock-down, and then an equally sudden increase of demand when we got out of the lock-down. A lot of it also due to China, also related to pandemic shifts. Capitalism (the best system, but by no means flawless) exploits these issues, and makes it worse. Trump's economic easing was the exact wrong move, but again, it's but one small factor in a much bigger, more complex problem.
Instead of trying to increase the divide that Dems and Repubs benefit from, how about understanding the REAL issues, and realizing that as long as they keep us bickering at each other, they stay in power, the ultra-rich increasingly control everything, and we all lose. Both parties are equally causing that. You can have plenty or reasons to hate either party, but for the sake of all of us, please educate yourself.
The fact that you think only "elites" have stocks speaks volumes.
The non-elites have their 401k plans and the state and local governments dump their money in the stock market also.
Oh well, they have that interest rate at 1.75% so that the house of cards and the elites and their stocks are in their bubble.
They have to keep those real-interest rates at minus 7.35% to appease the elites and their stock market and so that lots of money via debt is created out of thin air to stimulate that demand and inflation
Looking at oil prices on the daily is nothing more than watching the futures market at play. It happens no matter who is in office. Were you complaining when Oil futures were negative? How about when gas at the pumps was about 25% higher than it is today, just a couple months ago? Oil is a global commodity, and how much the US pumps has a muted affect on the global market.
Pension funds: LMAO, not many companies still offer pension funds, but it is true that the elites are getting better and better deals. This has been a trend for 40+ years, under both parties. If you want to blame anyone (bad idea), you might look at the Reagan years for really embracing and kicking off the pay gap that we see today between rich and the rest of us.
Wheat: Already stated, there is a war in the "breadbasket of the world", what do you expect?
Inflation in general right now is mostly a result of supply-chain interruptions caused by a sudden stop in demand due to the lock-down, and then an equally sudden increase of demand when we got out of the lock-down. A lot of it also due to China, also related to pandemic shifts. Capitalism (the best system, but by no means flawless) exploits these issues, and makes it worse. Trump's economic easing was the exact wrong move, but again, it's but one small factor in a much bigger, more complex problem.
Instead of trying to increase the divide that Dems and Repubs benefit from, how about understanding the REAL issues, and realizing that as long as they keep us bickering at each other, they stay in power, the ultra-rich increasingly control everything, and we all lose. Both parties are equally causing that. You can have plenty or reasons to hate either party, but for the sake of all of us, please educate yourself.
How about the price at the pumps when President Trump was the Commander and Chief?
It doesn't matter the reason, inflation was much lower with President Trump.
Input prices for US businesses were very low with Businessman and President Trump.
Input prices for US business are sky high with lawyer and President Biden.
I could care less about the small reduction in gas prices, because they are still double the price of much of Trump's administration.
Inflation was much lower with Reagan than today after Volker corrected Jimmie Carter's mistakes.
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