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The Economy

Discussion in 'Sports and News' started by TigerVols, May 14, 2020.

Page 133 of 462
  1. Della9250

    Della9250 Well-Known Member


     
    Della9250, Jul 13, 2022
    #1585
  2. DanOregon

    DanOregon Well-Known Member

    This might be a dumb question - but can consumers have an impact on inflation by simply buying their gas from stations where the prices are lower? Does that drive down costs? Or is the price determined farther up the chain?
     
    DanOregon, Jul 13, 2022
    #1586
  3. Twirling Time

    Twirling Time Well-Known Member

    Twirling Time, Jul 13, 2022
    #1587
  4. dixiehack

    dixiehack Well-Known Member

    If we truly wanted to treat it as a crisis, we’d go back to work from home on the scale of 2020. But too many important somebodies make too much from fossil fuels and commercial real estate.
     
    dixiehack, Jul 13, 2022
    #1588
    OscarMadison, FileNotFound and Neutral Corner like this.
  5. TrooperBari

    TrooperBari Well-Known Member

    Having just booked a flight on rather short notice -- boy howdy. My credit card still won't look me in the eyes. Part of the extra cost is from peculiarities around my location, of course, but damn.
     
    TrooperBari, Jul 13, 2022
    #1589
    OscarMadison and maumann like this.
  6. ChrisLong

    ChrisLong Well-Known Member

    The last couple of nights, there have been commercials on Angels TV games for Nevada. They show Vegas and say things like, the town is booming, hotels are full, low unemployment, economy is the best in the country. Come live in Nevada.

    Also, (crossthread) the first thing you see driving when you approach Vegas from SoCal is the solar farm at Stateline. Hundreds of solar panels at ground level. Three giant towers with mirrors on them that heat water to create steam to run the generators that make electricity. I saw one story that said it has been a boondoggle in cost and performance. Doesn't make enough electricity and uses too much precious water.
     
    ChrisLong, Jul 14, 2022
    #1590
  7. Regan MacNeil

    Regan MacNeil Well-Known Member

    We’re going to LA and San Diego next week. We paid something like 1500 for the three tickets a few months ago. Same trip would cost 2400 now.
     
    Regan MacNeil, Jul 14, 2022
    #1591
  8. wicked

    wicked Well-Known Member

    Just got two tickets and a week car rental in Ireland for $2,100 — that includes the extra $100 to get an automatic. Parity with the euro is good. Anyway it’s always expensive this time of year, even if oil prices were at $50/barrel. We’re squeezing it in just after the summer rush ends and before my girlfriend went to school. If we left one day earlier, it would’ve cost $800 more. If we left a week earlier, you can probably add another couple hundred. Not minimizing Mr. MacNeil’s plight, but them’s the breaks.
     
    wicked, Jul 15, 2022
    #1592
  9. TigerVols

    TigerVols Well-Known Member

    The Ivanpah solar farm is fascinating. You can see the towers glowing in the distance at midday when you fly from OC to Arizona - they are considered to to be among the brightest “lights” on the planet. And it’s not just water they use to generate power; at night they use molten salt.

    https://www.scientificamerican.com/...olar-tower-is-worth-its-salt-with-24-7-power/
     
    TigerVols, Jul 15, 2022
    #1593
    doctorquant likes this.
  10. dixiehack

    dixiehack Well-Known Member

     
    dixiehack, Jul 19, 2022
    #1594
    OscarMadison and TowelWaver like this.
  11. DanOregon

    DanOregon Well-Known Member

    DanOregon, Jul 20, 2022
    #1595
  12. The Big Ragu

    The Big Ragu Moderator Staff Member

    Russia didn't break the stock market. Central banks, particularly the Federal Reserve did. And the baseline for it being broken isn't how it has been struggling recently. It's the distortions they have created for decades now as they have passed off a continually increasing money supply as growth and have pumped risk assets full of mispriced leverage.

    The idea that traditional hedges aren't working isn't something new. The dollar itself isn't appreciating. The dollar INDEX is appreciating. You can just as easily conclude that the dollar is still shit. ... but the Euro and Yen are being shit on so much worse that in relative terms, the dollar doesn't look quite as bad if you compare it to those currencies at the moment.

    That is because the Fed became the first of the major central banks to at least make half-assed attempts to acknowledge and address inflation, and on a relative to basis to the Euro and Yen (whose central banks have had their thumbs up their asses as inflation rages, and in the case of Japan they are in so deep that they won't do anything), it makes the dollar look like the cleanest shirt in the laundry basket. But it's not clean. And the commodities that story says are traditional hedges are only suffering in dollar terms. They largely transact in dollars because the dollar is the reserve currency. But if you transact in Euros? Those things have been excellent hedges as the Euro has come to parity with the dollar for the first time in history (for the reasons I was saying above).

    FWIW, the ECB just raised 50 basis points (first time raising their overnight rate in 11 years!). The dollar immediately started to back off. Whether that continues will depend entirely on how the central banks coordinate with each other from here on out and how the currency wars they perpetually are waging play out. They have gotten away with a lot of recklessness for a long time and it pumped up markets. That is what they broke. ... not the fact that inflation is forcing them to stop spiking the punch bowl and the distortions they were keeping propped up are starting to unwind.
     
    The Big Ragu, Jul 21, 2022
    #1596
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