The Stock Market Is Not The Economy Thread II

[Day]

what does that even mean

[archibaldcrane]

Things people spend money on in "their daily life" is reflective of the economy Im not sure why anyone is trying to make a distinction. 3.99 gas is still not winning any hearts and minds btw.

Hm

[Roranora]

lunch out used be $9 now it's $12, 33% inflation you heard it here first

[Zealot]

Gas is being gouged by a significant margin. It used to reliably be a rough equivalence of $30 barrel = $1 at the pump with variations based mostly on local gas taxes. Oil is now under $90 and gas is still just over or under $4 most places.

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[Meresgi]

Gas is being gouged by a significant margin. It used to reliably be a rough equivalence of $30 barrel = $1 at the pump with variations based mostly on local gas taxes. Oil is now under $90 and gas is still just over or under $4 most places.

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Well maybe you should have thought about this during COVID when you weren't giving them your money as often you horrible peasant you. This is on us, we didn't pay them enough during COVID and now have to make it up. I totally get it, I mean they have to feed their families too and it's really hard for them right now

[Outlaw]

Gas is being gouged by a significant margin. It used to reliably be a rough equivalence of $30 barrel = $1 at the pump with variations based mostly on local gas taxes. Oil is now under $90 and gas is still just over or under $4 most places.

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I think $1.50 a gallon would be a fare price.

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[6souls]

https://twitter.com/Kaslo25/status/1557004080077324289

[Day]

avg price jan 2020 was 2.30 something almost there wow yay

[Day]

fastest decline of gas in a decade is easy when it doubled under you lol

[Cail]

if only those poor, low-profit oil companies were more decent people

[archibaldcrane]

https://twitter.com/JustinWolfers/st...B2vUwAC5g&s=19

[Mythe_Seraph]

Perfect guys recession is over we did it great job everyone

[chazzyphizzle]

that's certainly one takeaway from that tweet

[Mythe_Seraph]

It’s a misleadingly stupid tweet to begin with, what response is warranted?

[Athas]

'Hey, increased interest rates and other inflation combating measures look to be having the desired effect. This is encouraging, albeit early news.'

'Wow, that's stupid.'

???

[Mythe_Seraph]

Typical BG reply, focus on one word from someone’s response and never mind the rest of them lol.

The tweet is misleading and inaccurate from the start. Is it a head in the right direction. Yes. That doesn’t change the fact that it’s a poor tweet.

Edit: After further research it also seems baseless - many speculators predicted that we would see a sharp decrease in CPI due to supply surplus being sold at a discount.

[6souls]

https://twitter.com/AP/status/1558712730986717184

[6souls]

[archibaldcrane]

I kinda hate this frame though because the minimum wage workers aren't trying to get the median apartment.

[kuronosan]

... gonna need you to expand on that one.