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Thanks Joe for Higher Gas Prices and Unemployment!

Featured Replies

6 minutes ago, Arthur Jackson said:

then post some jumblies :wub:

I did post some earlier lol. 

5 minutes ago, EagleJoe8 said:

I did post some earlier lol. 

I know.

I already saw them and am currently rehydrating with clinical, prescription electrolyte formulae.

Merry Breastmas.

10 hours ago, Tnt4philly said:

Unfortunately, the new EVs are way out of the average Joe’s price range. We will have to wait a few years to buy the hand me downs. Not a knock on EVs, just the reality of new technology. 

Used EVs can be even more expensive than buying new due to the cost of battery replacement. Obviously depending on the model, how many miles are on the car and how many miles you drive.

A car like a Tesla is going to require a $20K battery replacement at around 100K miles. So if you buy a used model with 50K miles for $35K, then 5 years later you’re going to shell out another $20K for a new battery. Might as well just buy new and have the full warranty.

18 hours ago, paco said:

Good thing we locked in last February.  But what can I say, we are a bit more progressive and ahead of the curve.

image.png.6f83aa7a3552da93139efb33b01fb6d9.png

Pennsylvania gas tax is going up again in the new year ..... 🙄

1 hour ago, Bwestbrook36 said:

Pennsylvania gas tax is going up again in the new year ..... 🙄

Fartsmellgif.gif

  • 2 weeks later...

President Biden hails jobs report: 'It’s a good time to be a worker in America'

The U.S. added 223,000 jobs in December, beating economist expectations of 202,000, while the unemployment rate fell to its lowest since 1969 at 3.5%. In total, 4.5 million jobs were added in the U.S. throughout 2022.:towel:

Wage growth is slightly down, helping reduce inflation fears. Market rallied, which is weird since Powell seems to be intent in slaying inflation past its ebbing point.

IOW: Powell was late with rate hikes, now he's going to be late in slowing them down.

FWIW long term I think we're in a much better place with a prime rate in the range of 8% while the economy is strong, as it currently is. The stock market will need to adjust. But it gives us flexibility to respond to a recession. 

Short term it sucks for my 401k, but I'd rather see the economy managed to health and cheap money drying up in DC for the long term.

55 minutes ago, JohnSnowsHair said:

FWIW long term I think we're in a much better place with a prime rate in the range of 8% while the economy is strong, as it currently is. The stock market will need to adjust. But it gives us flexibility to respond to a recession. 

Short term it sucks for my 401k, but I'd rather see the economy managed to health and cheap money drying up in DC for the long term.

Except they keep printing…

24 minutes ago, ToastJenkins said:

Except they keep printing…

Fed balance is reducing, is it not?

10 minutes ago, JohnSnowsHair said:

Fed balance is reducing, is it not?

Insignificant amt. still at 21.35t as of nov no?

And they have 9t in assets now?

  • 2 months later...

 

 

 

 

Oil will be over $100 a barrel in the near future. 

Meanwhile, Japan has broken from the West and is buying Russian oil at market price instead of the $60 a barrel cap. 

 

 

 

Who would bang mama June?

52 minutes ago, Arthur Jackson said:

Who would bang mama June?

How many beers can I have before?

Yes the WSJ reported on this. Japan is uniquely dependent on energy sources from Russia among the G7. An exception was made for a tiny amount of oil. Less than a million barrels. 

3 hours ago, iladelphxx said:

 

 

 

 

Oil will be over $100 a barrel in the near future. 

Meanwhile, Japan has broken from the West and is buying Russian oil at market price instead of the $60 a barrel cap. 

 

 

 

The gasoline futures jumped by $0.10 per gallon on the news and have since stabilized.  You think $0.10 matters when last June they were $1.50 higher than they are now?  LOL.

24 minutes ago, barho said:

The gasoline futures jumped by $0.10 per gallon on the news and have since stabilized.  You think $0.10 matters when last June they were $1.50 higher than they are now?  LOL.

That can't be true. They need something to blame Biden for.

I don't understand why the presidents keep raising prices all the time?

 

He sets gas prices. Why does he punish us?

Time for the U.S. to halt all weapons contracts and transfers to Saudi Arabia. 

They cut production which will lead to higher prices. The U.S. needs to hold them accountable.

52 minutes ago, jsdarkstar said:

Time for the U.S. to halt all weapons contracts and transfers to Saudi Arabia. 

They cut production which will lead to higher prices. The U.S. needs to hold them accountable.

The US said we would restock the SPR which would act as price support. We didn’t do that. They are holding us accountable for not living up to our end of the bargain.

But yeah, let’s totally poison relations further. I’m sure that will help and not drive the Saudis into the arms of China and Russia. Brilliant idea!

1 hour ago, TEW said:

The US said we would restock the SPR which would act as price support. We didn’t do that. They are holding us accountable for not living up to our end of the bargain.

But yeah, let’s totally poison relations further. I’m sure that will help and not drive the Saudis into the arms of China and Russia. Brilliant idea!

When I have my 20kWh solar system installed to charge my Tesla, I won’t give two sh!ts what the price of gas is.

Just now, barho said:

When I have my 20kWh solar system installed to charge my Tesla, I won’t give two sh!ts what the price of gas is.

Buy a real electric car. Teslas are pieces of ish

1 minute ago, vikas83 said:

Buy a real electric car. Teslas are pieces of ish

Haha.  I may.  But with the price reduction I am fine with Tesla.

6 minutes ago, barho said:

Haha.  I may.  But with the price reduction I am fine with Tesla.

We had a Model S -- it's garbage. I'd strongly suggest you look at something else.

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