March 6Mar 6 59 minutes ago, BBE said: Actually this a move based more on strategic reserve build and an expected increase in global production. Tariffs would drive prices up. Prices will change over the course of the day with the release of the weekly oil/petroleum product inventory report later today. A build in strategic reserves generally indicates an excess amount of oil for the current market. Recession based reduction in oil prices tend to lag the recession. https://www.ft.com/content/741a9c46-3387-480e-bd7e-53ec07f73b48 You are correct but the reason for increased stockpiles is less demand due to economic downturn and in this case the expectation of a downturn
March 6Mar 6 Basing it on stockpiles alone is incomplete. Also, this is traditionally a refinery maintenance time before the switch to summer blends. It is a bit early to call that. In 3 or 4 weeks, if this continues, then you have your recession confirmation.
March 6Mar 6 Remember back when we were talking about if our investment returns were keeping up with inflation instead of recession indicators? I member.
March 6Mar 6 28 minutes ago, Paul852 said: Remember back when we were talking about if our investment returns were keeping up with inflation instead of recession indicators? I member. "But how well is the market performing when adjusting for SkyHigh™ inflation, huh? Huh!?"
March 6Mar 6 I remember when Biden lead the nation to a soft landing as opposed to a full on recession. Let’s see how Trump does here. 🤣
March 6Mar 6 Keeping a check on oil prices. I actually made it thru on 1 tank of oil this year instead of 1.5 tanks. Supply is getting low, but it may be beneficial to fill it up again now instead of waiting until next heating season.
March 6Mar 6 1 hour ago, we_gotta_believe said: "But how well is the market performing when adjusting for SkyHigh™ inflation, huh? Huh!?" Have we checked in to see if Warren Buffet is still preparing for a crash?
March 6Mar 6 Author 35 minutes ago, DiPros said: Keeping a check on oil prices. I actually made it thru on 1 tank of oil this year instead of 1.5 tanks. Supply is getting low, but it may be beneficial to fill it up again now instead of waiting until next heating season. Bird in the hand is worth two in the bush
March 6Mar 6 4 minutes ago, DrPhilly said: Bird in the hand is worth two in the bush Yes, get the oil now
March 6Mar 6 46 minutes ago, DiPros said: Keeping a check on oil prices. I actually made it thru on 1 tank of oil this year instead of 1.5 tanks. Supply is getting low, but it may be beneficial to fill it up again now instead of waiting until next heating season. I don’t burn oil, but I’ve always heard prices are cheaper in the middle of summer when filling a tank.
March 6Mar 6 5 minutes ago, MidMoFo said: I don’t burn oil, but I’ve always heard prices are cheaper in the middle of summer when filling a tank. Yeah, I don't know if you can follow any typical rules these days though. Sh** has even started to hit the fan yet.
March 6Mar 6 8 minutes ago, Paul852 said: Yeah, I don't know if you can follow any typical rules these days though. Sh** has even started to hit the fan yet. It can be anxiety triggering. Doing my best to not let it get to me and just live my best life. Did turbo tax yesterday in under 20 minutes. Record time. At least I'll have enough $$ to buy a tank of fuel with the refund without it affecting my day-to-day stuff. I also just had the thought of buying a tank of oil and then dying before I can use it! Daylight savings is going to F with me too. I hate waking up in the dark let alone waking up at all. Picking up my prescription after work. 😁
March 6Mar 6 3 hours ago, DiPros said: It can be anxiety triggering. Doing my best to not let it get to me and just live my best life. Did turbo tax yesterday in under 20 minutes. Record time. At least I'll have enough $$ to buy a tank of fuel with the refund without it affecting my day-to-day stuff. I also just had the thought of buying a tank of oil and then dying before I can use it! Daylight savings is going to F with me too. I hate waking up in the dark let alone waking up at all. Picking up my prescription after work. 😁 You got a refund?? Ucker!! I have a several grand check to write.
March 6Mar 6 28 minutes ago, barho said: You got a refund?? Ucker!! I have a several grand check to write. It's just me and my income now. At 0 exemptions I overpay right around $1K. Mr Di was self-employed and for many years we paid thousands. Plus, the preparation got expensive so I self-taught myself how to do his Sch C and other forms. Of course, he passed before he was able to collect anything. There was one year during the W admin we were able to depreciate a new truck. Although we had to do it over 5 years, that 1st year was the only year we didn't have to pay. That form was a pain. Luckily an accountant friend and nice folks of this board helped me out when I needed it.
March 7Mar 7 On 3/4/2025 at 10:49 AM, Kz! said: I own chickens so I'm completely unaffected. Must suck being too poor to have your own organic farm fresh eggs. Market Summary > Dow Jones Industrial Average 42,579.08 -2,168.55 (-4.85% )past month
March 7Mar 7 On 3/3/2025 at 2:53 PM, MidMoFo said: We might see this twice in the same week! A new golden age for America!!!
March 7Mar 7 8 minutes ago, MidMoFo said: We might see this twice in the same week! A new golden age for America!!! Quote Dow drops nearly 300 points, heads for worst week in nearly two years on Trump’s trade policy uncertainty Quote Powell says Fed is awaiting ‘greater clarity’ on Trump policies before making next move on rates Just a couple headlines to round out a successful week
March 7Mar 7 26 minutes ago, Mike030270 said: "But who even mentioned eggs in the first place?! It's a simple question!"
March 7Mar 7 10 minutes ago, we_gotta_believe said: "But who even mentioned eggs in the first place?! It's a simple question!" But what came first? Think about THAT!
March 9Mar 9 US Banks’ Unrealized Losses Explode by $118,400,000,000 in Three Months As FDIC Declares 66 Banks on ‘Problem List’. The Federal Deposit Insurance Corporation (FDIC) says US banks reported a massive $118.4 billion increase in unrealized losses on securities, bringing the total to $482.4 billion. In layman’s terms "**** is about to go sideways in the financial market”
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