The Stock Market Is Not The Economy Thread II

**Jaybar** · 2022-03-05 09:52

Me, taking a train/bike everyday, haven't looked at gas prices in 10+ years. Godspeed yall.

**Roranora** · 2022-03-05 10:45

Originally Posted by archibaldcrane

It'll be sick when we're mostly driving electrics and these autocratic oil fields posing as countries don't matter anymore

If we're going full pie-in-the-sky then it'll be sick when we rebuild our world and cities such that we're less dependent upon personal automobiles.

**archibaldcrane** · 2022-03-05 11:40

Originally Posted by Roranora

If we're going full pie-in-the-sky then it'll be sick when we rebuild our world and cities such that we're less dependent upon personal automobiles.

Yeah

But we're not going to do that (and even the global cities with the highest transit share still have significant personal vehicle ownership) so it'll be sick when we get to Norwegian new vehicle sales EV share level and we can say "lol should've bought an EV" to the remaining gas price whiners.

**Roranora** · 2022-03-05 14:10

we aren't making EVs for everyone without some near-earth asteroid mining or sumn

**Jaybar** · 2022-03-05 14:39

Personal vehicle ownership is a direct result of low investment in transit infrastructure (and zoning laws). And surprise surprise a high speed rail is not a panacea.

We won't get rid of our reliance on oil with EVs, still gotta charge that shit, and nuclear plants aren't going to sprout up overnight to keep our driving habits in check.

**kuronosan** · 2022-03-05 14:55

Personal cars are really only a thing in the US, where everyone has to have one because of the said shitty investment in public transit.

**Vaspinne** · 2022-03-05 15:56

Originally Posted by kuronosan

Personal cars are really only a thing in the US, where everyone has to have one because of the said shitty investment in public transit.

The wording and syntax of this sentence makes it read like you're saying personal cars is only a US thing (which obviously it isn't), vs what I think you're trying to say which is "...is a problem in the US because of so on and so forth"

**kuronosan** · 2022-03-05 16:05

Correct (as in problem in the US).

**archibaldcrane** · 2022-03-05 16:48

Originally Posted by Jaybar

We won't get rid of our reliance on oil with EVs, still gotta charge that shit

Basically none of America's electricity is from oil burning power plants.

**Kaslo** · 2022-03-06 16:21

Originally Posted by archibaldcrane

Basically none of America's electricity is from oil burning power plants.

But we do largely use Natural Gas, which is pretty interrelated in the same industry

**archibaldcrane** · 2022-03-07 12:22

Originally Posted by Kaslo

But we do largely use Natural Gas, which is pretty interrelated in the same industry

Two things:

If you mean natural gas, don't say oil, for obvious reasons.

Oil is routinely shipped overseas and has been for decades. It's a liquid. Shipping natural gas requires transforming it to LNG and is significantly less common and not part of the US nat gas supply - we do not import any Russian natural gas at all, but we do import Russian oil. There's small-bore arguments about the US using less so they can export more LNG to Europe, but electrifying EU countries' building heating and cooking with heat pumps and electric or induction stoves is so much more of a direct way to reduce their reliance on Russian gas than reducing it here (via the same methods the EU could reduce it in the first place) so some of our gas is available to ship.

**Buffy** · 2022-03-09 18:35

Amazon announced a 20:1 stock split today. Means I’ll have a little more than 4000 shares after the split.

**6souls** · 2022-03-09 22:20

https://finance.yahoo.com/news/jolts...150215081.html
https://www.bls.gov/news.release/jolts.nr0.htm

11.2M job opening is January, 11.4M in December

Vacancies totaled 11.263 million in the first month of 2022, the Labor Department said in its Job Openings and Labor Turnover Summary (JOLTS) on Wednesday. This compared to an upwardly revised 11.4 million openings in December, which marked a record in data going back to 2001. Consensus economists were looking for 10.950 million vacancies for January, according to Bloomberg consensus data.

By industry, some of the largest decreases in job openings were seen in accommodation and food services, where vacancies fell by 288,000 to reach just under 1.5 million. Transportation, warehousing and utilities also saw openings drop by more than 130,000. Durable goods manufacturing, however, saw job openings increase by 85,000.

Openings across the economy have totaled than 10 million for eight consecutive months, coming in well above pre-pandemic averages to highlight the strain employers across industries have found in seeking enough workers to keep pace with demand. Job openings were coming in around 7 million per month throughout 2019.

The details of the JOLTS reports have also underscored the considerable leverage many workers have been able to command in the current market. The number of quits in January edged down just slightly, or by 151,000 compared to December, to reach 4.3 million. And the quits rate decreased to 2.8%, which was still elevated but retreated from December's record high of 3%.

**6souls** · 2022-03-10 08:54

https://www.cnbc.com/2022/03/10/cpi-...ary-2022-.html

Inflation rose to 7.9% in February

The consumer price index, which measures a wide-ranging basket of goods and services, increased 7.9% over the past 12 months, a fresh 40-year high for the closely followed gauge.

The February acceleration was the fastest pace since January1982, back when the U.S. economy confronted the twin threat of higher inflation and reduced economic growth.

On a month-over-month basis, the CPI gain was 0.8%. Economists surveyed by Dow Jones had expected headline inflation to increase 7.8% for the year and 0.7% for the month.

Food prices rose 1% and food at home jumped 1.4%, both the fastest monthly gains since April 2020, in the early days of the Covid-19 pandemic.

Energy also was at the forefront of ballooning prices, up 3.5% for February and accounting for about one-third of the headline gain. Shelter costs, which account for about one-third of the CPI weighting, accelerated another 0.5%, for a 12-month gain of 4.7%.

Excluding volatile food and energy prices, so-called core inflation rose 6.4%, in line with estimates and the highest since August 1982.

Used car and truck prices actually declined 0.2%, their first negative showing since September, but are still up 41.2% over the past year. New car prices rise 0.3% for the month and 12.4% over the 12-month period.

A raging crisis in Europe has only fed into the price pressures, as sanctions against Russia have coincided with surging gasoline costs. Prices at the pump are up about 24% over just the past month and 53% in the past year, according to AAA.

Moreover, business are raising costs to keep up with the price of raw goods and increasing pay in a historically tight labor market in which there are about 4.8 million more job openings than there are available workers.

That last sentence...