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America's economy- failing

newtboy jokingly says...

OMFG!!! Gas prices are down, so people are spending less on gas, and that proves a depression is just weeks away despite all economic metrics saying otherwise. We’re doomed, start hoarding tp and run to your bank and take out every dime.

bobknight33 (Member Profile)

newtboy says...

More Thomas criminality- Thomas sold his 1/2 interest in his mother’s house to Crow for an above market price of $133000 in 2014 (and likely hers for the same price) and did not report it on his financial disclosure form, a clear specific requirement of government code for any real estate transaction over $1000, including for supreme court justices and including sales to “friends”.

Crow also improved the home and allows Thomas’s mother to live there rent free, also not reported, but it’s less clear how criminal that is despite its clearly being unethical bribery.
Crow also bought and bulldozed the neighbors homes so she wouldn’t have noisy neighbors….I mean because he really just wanted to beautify that random neighborhood.

Of course, in your mind, nothing burger. Thomas clearly wouldn’t rule in favor of the man who funds his and his families extravagant opulent lifestyle and his wife’s high paying extreme right political lobbying group….never….and breaking ethics and tax laws don’t count if the perp is Republican.

Referred to the DOJ for prosecution. First time ever in history for justices. More MAGA greatness.

bobknight33 (Member Profile)

newtboy says...

Exactly the non-answer know nothing twaddle I expect from you, even when you are warned against such stupid vapid nonsense that only indicates you have absolutely no clue what you’re talking about, as usual, and are just regurgitating propaganda as best you can, which is pretty damn bad because you clearly don’t understand it.

Prices will go up….by 1/1400 of one cent per gallon? Little boy, you are such a troll with nothing to say….and you’re undoubtedly wrong as usual.

In total under Biden 180 million barrels have been released, most over the summers when prices spike. Under 16 days worth over 730 days. In Oct he announced the final release…10-15 million barrels, through the end of the year. .8 - 1.2 days worth over 90 days. Barely over 1% of demand maximum. If you think that dramatically changes prices at the pump, you’re dumber that you sound….which is unbelievable.

Meanwhile, oil company profits have tripled from pre pandemic levels after a few oil companies had 2 bad quarters in 2019- 2020. They recovered their losses and then some in 2021, 2022 they raked America over the coals, intentionally creating shortages while their profits skyrocketed.

https://www.reuters.com/business/energy/wrapup-global-oil-giants-rake-massive-profits-third-quarter-2022-10-28/

Tapping the strategic petroleum reserve was never about lowering prices, it was about showing he was trying everything to lower them as they rose worldwide faster than in America. It was a political show to stop the Cons from claiming he was doing nothing as they blocked every legislative move he tried. It would never make a noticeable difference by itself.

What will happen to gas prices, I expect they’ll continue to fall precipitously like they have since June because 1) our supply has returned to close to normal and 2) we are in winter, when natural gas price rises and gasoline drops EVERY SINGLE YEAR. Duh.

The quality of your trolling has depreciated noticeably since your numerous political and financial losses piled up. What’s wrong? Are your handlers too busy preparing their defenses, and looking for new networks, to spoon feed you today’s fabricated Con positions?

bobknight33 said:

Biden is using the SPR which has lower prices. by stopping its use prices will go up.
There is no long dissertation needed. It is simple supply and demand -little man



So what do you think?
When the SPR is depleted or stopped being used what do you think will happen to gas prices?

newtboy (Member Profile)

bobknight33 says...

Biden is using the SPR which has lower prices. by stopping its use prices will go up.
There is no long dissertation needed. It is simple supply and demand -little man



So what do you think?
When the SPR is depleted or stopped being used what do you think will happen to gas prices?

surfingyt said:

What do YOU think will happen? And I dare you to be very specific in the price movement prediction (no "number go up" shit, let's see a percentage). I suspect you know very little about the global economy and how the SPR was used recently... walk into my trap little man.

BTW stop using your phone to comment, it's making you look even dumber than you are.

newtboy (Member Profile)

surfingyt says...

What do YOU think will happen? And I dare you to be very specific in the price movement prediction (no "number go up" shit, let's see a percentage). I suspect you know very little about the global economy and how the SPR was used recently... walk into my trap little man.

BTW stop using your phone to comment, it's making you look even dumber than you are.

bobknight33 said:

When the SPR is depleted or stopped being used what do you think will happen to gas prices?

bobknight33 (Member Profile)

newtboy says...

Odd, the Trump unsupervised PPP “loans” that Cons all took advantage of, then had forgiven (the same rich people who fought against student loan forgiveness)….that has no impact I guess?

Yeah…the timeline says no, not really. The QE and handouts happened in 2020 and early 21 as Tesla was skyrocketing, not what made them crash. You are just blathering.
Remember, you 100% denied the insane unheard of level of QE Trump did had anything to do with inflation, proving you have 0 grasp of economics.
Pumping money into the system is the only guaranteed way to cause inflation, and Trump did it more than any other president in history. He saw it as a way to spend more off the books. In fact, it was an unapproved tax on every American in the form of massive inflation you simply blamed on Biden for years. Kind of hard to swallow your sudden realization that printing money hurts the economy when you absolutely denied it when your guy printed money….over 40% of all money ever printed was printed in 2020. Where was this bob in 2020? It’s true, the money printing by Trump and to a much lesser extent Biden increased inflation significantly…but that doesn’t account for Tesla crashing twice as bad as other car companies.

He’s correct, we will end the fossil fuel industry. Importantly he gave no timeline in your clip. Reality is under Biden oil and gas production is up….but refining capacity down. The only way he could directly effect that is nationalizing oil and gas companies and forcing them to lower their profit margins to pre pandemic levels.
Reality is you were simply lied to, again, we were not a net exporter of energy under Trump. Only during the summer, in winter we imported more than we shipped out in summer. Net importers.

https://www.usnews.com/news/top-news/articles/2022-12-19/u-s-poised-to-become-net-exporter-of-crude-oil-in-2023

Since you’ve been misled, you should understand Biden only halted NEW leases of federal oil fields until the companies that want them use the leases they already have. Oil companies want to buy the fields but not drill, creating more shortages and higher prices/profits. Biden insists they make use of the land already leased before locking out tens of millions more federal acres from exploitation by their competition or any other use.

We still export oil, and import it. Our refining capabilities went down under Trump when he ok’ed the sale of the biggest refinery in America to the Saudis and they instantly cut production. In 2020, our demand went down, but not below our production.

Oil companies lost a combined $76 billion over 2020, then made over $2 trillion profits 2021 and $4 trillion 2022. Utter bullshit it’s just making their losses back. An outright bold faced lie that relies on ignorance of any facts to be believed.

Trump ok’ed the murder of American citizens by the crown prince, bragged about protecting him from murder charges. Trump gave the Saudis top secret information about dissidents in their country which they paid son in law Kushner $2 billion for then murdered them. These included people working for America.
Trump also sold the Saudis our refining capabilities without which them being pissed would make no difference if we were actually a net exporter (we aren’t, never were) and still owned our infrastructure (we don’t), the evil murderous Saudis would have no leverage at all. Duh.

bobknight33 said:

QE Quantitative Easing
helicopter $ All those Gov Checks that kept people home.

Gas policy. Biden want to kill the oil industry. Transition to cleaner forms of energy is great but you can't just switch off our dependency of oil.



https://youtu.be/PIbrBk9b1Hg

https://youtu.be/Dtf4Q_qzx44


under Trump we were a net exporter of oil. Now we need to import.
oil companies are reporting record breaking profits. But it follows pandemic-fueled losses.
Biden pissed the Saudis over the assassination of the dissident journalist Jamal Khashoggi so they say no oil for you, Joe..

When the SPR is depleted or stopped being used what do you think will happen to gas prices?

newtboy (Member Profile)

bobknight33 says...

QE Quantitative Easing
helicopter $ All those Gov Checks that kept people home.

Gas policy. Biden want to kill the oil industry. Transition to cleaner forms of energy is great but you can't just switch off our dependency of oil.



https://youtu.be/PIbrBk9b1Hg

https://youtu.be/Dtf4Q_qzx44


under Trump we were a net exporter of oil. Now we need to import.
oil companies are reporting record breaking profits. But it follows pandemic-fueled losses.
Biden pissed the Saudis over the assassination of the dissident journalist Jamal Khashoggi so they say no oil for you, Joe..

When the SPR is depleted or stopped being used what do you think will happen to gas prices?

newtboy said:

Wow. Ok, we can agree that far about China policies. They went too far, and now too lax.

Well….1/2 off something overpriced by 10x isn’t great, that’s why PE ratio matters. I think 25 is super high, but by today’s standards it’s average. 90+ was insane.

You have blamed him for the economy, as if he didn’t inherit 2020’s remains, but I’m just glad you’re willing to share/spread blame. A good step. Kudos.
Don’t know what QE and helicopter $ is.

Supply chain issues are global. It’s hard to blame anyone for even a majority. IMO they have been getting better slowly from 2020….I’m not in manufacturing though.

Gas policy? Explain please. My understanding is gas/oil production is up under Biden….oil company profits certainly are. Analysis indicates their increased profit margins accounted for over 1/2 the increased prices. I’m glad I have some energy stocks in my portfolio.
Remember, Trump policy was to sell our refining capabilities to the Saudis, who then decreased production and increased prices.

bobknight33 (Member Profile)

newtboy says...

Wow. Ok, we can agree that far about China policies. They went too far, and now too lax.

Well….1/2 off something overpriced by 10x isn’t great, that’s why PE ratio matters. I think 25 is super high, but by today’s standards it’s average. 90+ was insane.

You have blamed him for the economy, as if he didn’t inherit 2020’s remains, but I’m just glad you’re willing to share/spread blame. A good step. Kudos.
Don’t know what QE and helicopter $ is.

Supply chain issues are global. It’s hard to blame anyone for even a majority. IMO they have been getting better slowly from 2020….I’m not in manufacturing though.

Gas policy? Explain please. My understanding is gas/oil production is up under Biden….oil company profits certainly are. Analysis indicates their increased profit margins accounted for over 1/2 the increased prices. I’m glad I have some energy stocks in my portfolio.
Remember, Trump policy was to sell our refining capabilities to the Saudis, who then decreased production and increased prices.

bobknight33 said:

""""Wait….are you suddenly saying severe covid restrictions by China were lifesaving and absolutely the right thing? …and now that they’re lifting expect major disruptions and death? Who is this?"""""""

Communist welding doors shut and shutting down cities -- I dont agree what they have done over and over. They dont have a good vaccine and now all is lifted. My current issue is that this too will leak out and their variant will hit the globe.


Tesla at 300 at 200 is a good price 1/2 off of anything is a good price. Now we see 60 to 70% off and getting better.

This down turn will end and go back up. If not in recession, which I think we are by a slim definition - we will be in Q1 or Q2.


I didn't blame Biden for all of this. This started way before Biden. All the QE and all the helicopter $ Trump and Biden gave out. This is causing supply chain issue and probably see some deflation on some products.

Now the FED trying to pull that $ back out of the market,

Biden gas policies and all the spending does not help and causing inflation on some fronts. I just think that his policies are the straw that broke the camel back.

newtboy (Member Profile)

bobknight33 says...

""""Wait….are you suddenly saying severe covid restrictions by China were lifesaving and absolutely the right thing? …and now that they’re lifting expect major disruptions and death? Who is this?"""""""

Communist welding doors shut and shutting down cities -- I dont agree what they have done over and over. They dont have a good vaccine and now all is lifted. My current issue is that this too will leak out and their variant will hit the globe.


Tesla at 300 at 200 is a good price 1/2 off of anything is a good price. Now we see 60 to 70% off and getting better.

This down turn will end and go back up. If not in recession, which I think we are by a slim definition - we will be in Q1 or Q2.


I didn't blame Biden for all of this. This started way before Biden. All the QE and all the helicopter $ Trump and Biden gave out. This is causing supply chain issue and probably see some deflation on some products.

Now the FED trying to pull that $ back out of the market,

Biden gas policies and all the spending does not help and causing inflation on some fronts. I just think that his policies are the straw that broke the camel back.

newtboy said:

He’s already said he won’t step down, and has gop support. They can’t very well remove him for lying and stay themselves. there’s no way in hell the GOP thinks him lying about literally everything but his name (and has anyone checked on that?) is more important than his expected MAGA vote.

That’s good you cashed out, but absolutely disgusting that you continued to suggest others buy while you were cashing out. If you told the truth and were still buying at 400 for the long haul last year like you were shouting to anyone who would listen, you lost at least 1/3-1/2 your investment by selling around 200. If you had listened to many here instead of obstinately contradicting all advice, you would have doubled what you got out.

Just last week you were saying I was wrong when I said it was going to crash. You said it was a great time to buy. It’s crash has nothing to do with an imaginary recession and little to do with fed rate hikes, it’s pure mismanagement that tanked them. Tesla has crashed twice as hard as average car companies.

Wait….are you suddenly saying severe covid restrictions by China were lifesaving and absolutely the right thing? …and now that they’re lifting expect major disruptions and death? Who is this?

Amazon got hit, I don’t know why, I don’t have any (but might grab some) so haven’t watched it. Meta was never going to succeed, it was an idiotic idea to retry “second life” with billions invested and no demand.

Many growth stocks are growing. My portfolio is growing, not crashing.

Again, there’s no recession. You just want to pretend there’s one to blame Biden. GDP grew 3.2% in q3 and is expected to be 3.7% q4.

newtboy (Member Profile)

bobknight33 says...

Santos and all need to be vetted. Let him step down. America has enough elected lairs.


I sold 1/2 of Tesla at 240 , a lot more at 204 and the rest at 190. So I'm just in cash. If I were to by at today price I would obtain just about 2x the number of shares I sold.


Tesla down 11% today and IMO will continue to fall. Yet to see the up coming recession Q1 Q2, Yet to see implications of all the Fed Rate hikes. Should see this start to appear on upcoming Q4 results.

Now that China has lifted restrictions Mass Covid infections and deaths. This will also affect global economy.

Tesla is not the only getting the snot beaten out of them. Amazon , Meta and all others taken hits. Growth stock getting harder.

This is a great opportunity. Take advantage of this upcoming recession and buy you favorite stock at steep discount.

newtboy said:

Santos has now admitted everything he claimed about himself was an outright lie.
He never worked for the companies he claimed.
He never graduated from anywhere.
His grandparents didn’t flee the holocaust.
His animal rescue charity is a total fraud that never rescued animals.
He was homeless, pennyless, and jobless, then 1 year later somehow loaned his campaign $700000 he claimed he made running a family real estate company that owns no real estate and has no clients.
And don’t forget he’s actually in real life a fugitive from Brazil that stole check books from the elderly invalids his mother cared for and bankrupted them by stealing all their money.
Guaranteed no Republican/MAGgot thinks any of that disqualifies him in any way, but would be absolutely insistent he never be sworn in if it were a Democrat lying about any one of these things.
More MAGA lies and liars, more MAGA criminals. Everyone of you is a liar, every single thing you say is a lie or at best delusional.

Tesla’s down ANOTHER 8% today. Oof.

bobknight33 (Member Profile)

newtboy says...

Not everything….my portfolio is growing quite a bit, not shrinking by 63% this year. It grew almost 3% today alone….how about yours?
You mean that “covid dip” when it rose to 400 per share during covid and you were screaming “buy! Go all in now!”? ROTFLMFAHS! WTF are you talking about?
Tesla sells the vast majority of its cars to liberals. Tesla has massively turned off liberals (35% positive to under 10% positive) right as other options came on the market, and gotten slightly more popular (20% positive up to 25%) among conservatives who unfortunately for Tesla don’t buy electric cars. Tesla is unlikely to ever get most back. You should understand, Tesla’s days of near monopoly are over, Musk has to sell tens of billions of Tesla stock to pay his debts, which will drive it MUCH lower. You’ll be lucky if it ever gets this good again….and it’s guaranteed to go lower soon. It’s a good time to short, not buy.
FYI- Tesla cut prices by 9%+- in China, and $4k in the US because it seems so many preordered cars have had their orders cancelled and there’s a glut of unsold cars. Not exactly the booming business predicted. That 50% growth is sounding wildly optimistic right now….because today they’re shrinking. 🤦‍♂️

Jan 6 hearings were bi partisan. MAGgot Republicans didn’t want an independent investigation, and all but boycotted this one. No whining now, you asked to be left out.
To paraphrase Roger Stone…You lost. Democracy won. Fuck you. No. You lost. Fuck you!
The insurrection was a one sided seditious act, and a circle jerk by morons. It would be impossible to not find any crimes to refer. What they found is way more than enough to put him in prison for life.
Funny how you LOVE one sided investigations of liberals, like all 12 Clinton investigations, and the planned Hunter Biden investigation (that is a pure partisan one sided planned congressional investigation of a private citizen…a real nothing burger) and all the moronic “investigations “ that are the totality of the Republican platform, but denounce bipartisan investigations of Cons as “one sided”. Pick one. Are one sided investigations just theater? Then call out all the MAGA theater. Are they serious and legitimate? Then find a new baseless fantasy accusation against the Jan 6 committee.

Naaa, friendo. Me and the official ANTIFA organization go to battle fully naked covered in vaseline and glitter. Makes it impossible to keep hold of us, and forces uncomfortable explanations when our enemies get home to their wives sweaty, covered in Vaseline and glitter claiming they were at work!

bobknight33 said:

150 and falling just like everything else. Fud not helping but a great time to buy... I still expect it to go lower. Im sitting in cash.. If I were to buy today I would pick up an extra 1500 shares. FYI TESLA firing on all cylinders 50% growth YoY expected. These opportunities only come around every decade or so. The 2020 Covid dip was also a great time to take advantage of . Did you? I did.

The globe is in a recession not just Tesla -- Compare to Amazon and see.
Average recession lasts 18 months. Q1/Q2 2023 will be worse.

Jan 6 hearings was 1 sided -- a circle jerk committee . I would be surprised id the "didn't" find anything to refusal......... Just BS

No biker gear-- that's newt and his Antifa buddies.

Artemis launch to the moon

noims says...

Something tells me you'd appreciate a Monty Python sketch about the prices on planet Algon, but I didn't find a clip in the 10 seconds I spent looking so you might have to read the script and use your imagination.

BSR said:

While waiting for the launch of Artemis they switched to a segment where they showed a moon rock encased in (glass?) It also appears as something else is also encased with it.

https://ibb.co/8sdW4vd

Chevron Ad

WmGn says...

Professional economist here (hence, perceived as right wing) who began studying economics due to concern about climate change (hence, perceived as left wing).

[1] The classic statement of when markets 'work' is the 'first fundamental theorem of welfare economics'.

[2] 'work' in this sense means 'leads to a Pareto-optimal outcome', which means an outcome in which no one can be made better off without making someone worse off. This is a low standard: an outcome in which I have everything is Pareto-optimal.

[3] the conditions for the welfare theorems are generally not satisfied in practice. Here, as alluded to in the ad, carbon emissions are 'externalities': if an oil company sells you gas, which you then use, both of you are better off, because you're assumed to have taken into account the effects of your exchange, and decided to proceed; other parties have not, so may be worse off.

[4] in general, failure of the welfare theorem conditions isn't enough to make the case for government intervention: the outcome may still be 'constrained' efficient - meaning that, given the inherent constraints in the problem (e.g. asymmetric information), the market outcome is Pareto efficient.

[5] again, even if it is, you may not like the particular constrained efficient outcome the market yields (e.g. I get everything).

[6] in the case of externalities, the theory is pretty well established - if we want efficient outcomes, we need to align the private and social costs. There are two basic market-based tools for doing that: quantity tools (e.g. carbon permits) and price tools (e.g. carbon taxes). Which performs better depends on the sort of market imperfections.

[7] obviously, we will never have a perfect estimate of the efficient price or quantity of carbon to emit in a given year. Equally obviously, to me at least, this is a classic case of an externality with a well developed body of theory pointing in the direction of some level of controls.

[8] in my experience: people familiar with the economic theory tend not to be 'pro-market' or 'anti-market': they tend to want to understand how the market can be used to deliver societal objectives and, when it can't, how to correct its imperfections.

New Rule: Democracy's Deathbed

bobknight33 says...

Fear porn.

Bill has sounded the far left insanity for a while. But on this bit America is ending because Racist Hitler party will take over.
This is what fear porn looks like.


Hopefully dems loose.

Issues at hand ,
inflation,
Gas prices,
food prices,
Woke agenda has gone too far.
CRT,
Crime.



Biden has given us high gas prices and costs associated with that.
Inflation - from 7 Trillion dumped into the system in last 3 years.
China -- global supply disruption


Not all Biden/ Dems fault but people will pull for Republicans due their frustrations.

Republican Socialists

newtboy says...

Corporate profits are up 54% while labor costs are only up <8% over the last 18 months. What’s driving inflation again?
The largest refinery in America (and the Shell name and distribution rights) was sold to the Saudis in a non publicized deal in 2017, and they have reduced production and raised prices ever since. So much for the energy independence lie, even our oil in country was sold off to the Saudis. Thanks Trump.

For Biden to have control over the main driving factors, he would have to nationalize all industry. That is the answer to the current main driving factors of the current inflation rates. Severely limiting outrageous corporate profits would cut inflation by more than half. Is that what you advocate, or are you just lobbing blame at your enemies despite them having little involvement or control?

bobknight33 said:

Joe and his party has accelerated the American economy on a downward spiral.

This has been decades in the making.

Trump spent a lot, but so did Obama and Biden.

The question is whats being done now to to correct the economy?


What is the answer?

Higher interest rates are not helping, not at the rate of change that has been put forth.



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