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Wow, I have never seen motor vehicle fuel in the mainland USA more expensive than in Europe. Right now, diesel in Germany averages about 2 Euro per liter. 3.78 liters (= 1 US gallon) x 2 = 7.57 Euro per gallon. The US dollar is now 3 percent stronger than the Euro, so the price of diesel in Germany is about $7.35 US dollars, quite a bit less than in parts of California.
Wow, I have never seen motor vehicle fuel in the mainland USA more expensive than in Europe. Right now, diesel in Germany averages about 2 Euro per liter. 3.78 liters (= 1 US gallon) x 2 = 7.57 Euro per gallon. The US dollar is now 3 percent stronger than the Euro, so the price of diesel in Germany is about $7.35 US dollars, quite a bit less than in parts of California.
I was out in Tahoe a couple weeks ago.. gas was $7.50.
Location: In a perfect world winter does not exist
3,657 posts, read 2,937,139 times
Reputation: 6739
Listen everyone, this is how its goes. The worse things get the more popular Democrats become. The Dow could go to 15k and gas to 10 a gallon and America will still love Democrat policies more and more.
I really believe Americans enjoy Misery and votes for it.
Status:
"Do not pass GO, do not collect $300 (used to be $200)"
(set 2 days ago)
Location: TN
600 posts, read 273,828 times
Reputation: 385
I changed my contributions to go basically to cash earlier this year, so at least that part has only lost purchasing power, as opposed to value. Of course, I don't expect I can call the bottom, though I'm not sure I'll fully rejoin the index fund strategy if/when things turn around. The index fund thing has been true for a long time, sure, but all good things come to an end - especially if relatively easy. It seems like the ability to profit from others' labor has been stunted, and I'm not sure how exactly that will re-emerge.
I have no love for Joe but if you pull up a monthly chart of the NQ you will see it is simply a reversion to the mean. The NQ was (and still is) overvalued. Now that we are in a recession it is likely to cross the mean to the other side for a while before reverting back up.
Too much money was injected into the system and now it either needs to be removed OR people should learn to live with 10%+ inflation. People that suffer 10% inflation are far more likely to riot than the investor class that suffers a 30% drawdown.
I have no love for Joe but if you pull up a monthly chart of the NQ you will see it is simply a reversion to the mean. The NQ was (and still is) overvalued. Now that we are in a recession it is likely to cross the mean to the other side for a while before reverting back up.
Too much money was injected into the system and now it either needs to be removed OR people should learn to live with 10%+ inflation. People that suffer 10% inflation are far more likely to riot than the investor class that suffers a 30% drawdown.
Don't even try to go there with facts, logic, truth and reason. The left never allows it, so why should the right???
Biden blames everyone but himself. its trump! its putin! Gas station owners charge too much. r
He learned from Obama. Neither ever learned to act like an adult and accept responsibility for their actions.
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