It will be fine...
I think they found out that the russian oil was still getting to market and that the sanctions is not working as planed so by driving the price lower they attempt to hurt russia's oil profits.
I just read last week or so about a fleet of shadow oil tankers getting russian oil to market.
Doing stuff like transferring oil from boat to boat like a oil tanker shell game
Some quotes from a article I read in todays stock newsUS energy production is matching opec for the first time in a while, and opec’s cuts are not keeping prices high like intended. That’s keeping WTI and Brent crude down. It’s shocking this isn’t in the media, why? We all know it goes directly against green energy. My question is how and when did we start pumping/drilling more to meet demand without more people knowing?
Bounce In U.S. Production And OPEC Cuts Reshaping Oil Market Landscape
In a cyclical industry, recent trading years offer ample testimony of non-OPEC oil producers being pretty deft at grabbing market share both in good times and bad.www.forbes.com
"The United States is set to produce a global record of 13.3 million barrels per day of crude and condensate during the fourth quarter of this year"
"the United States is pumping oil at a blistering pace and is on track to produce more oil than any country has in history."
China and russia have dropped the dollar as reserve currency.
Not good. Commercial real estate is going implode in 2024.
Also, $34,000,000,000,000 in debt means something.
Also, $34,000,000,000,000 in debt means something.
For those thinking it will be an ok or banner year? Danger is approaching better get real!
Did you write this yourself or did you copy and paste it. If the latter, sources are useful
I think the economy will do okay up to November, the dems and elite know the numbers need to be reasonable and believable when they lie. They know what needs to happen for the numbers to look good. However, after the election, they will let it go to heck (assuming there is one) regardless of who wins, if it is a repub they will let it collapse really quickly since they still will be in power up to January 20th 2024. If it is a dem that wins, they will still let it collapse, so they can claim they need to institute massive controls to prevent that from happening again. Just a guess, watch the market, it could definitely collapse before then and give them an excuse to possibly cancel elections due to civil unrest (yes, I am wearing a tinfoil hat at times.) Also watch billionaires, what are many doing right now? Building survival bunkers.
Things to watch for, Cars, Loans and Pricing. Average LTV for a car is 125% with a $700 payment. Watch for Defaults.
Student loan payments (they resumed in October, 54% are now late.)
Mortgage Rates and Inflation - Dems want it that way for new underprivileged housing housing programs
Defaults on Mortgages - COL way up, many will be losing there homes just low enough to be under the radar of most.
Further dollar devaluation on foreign markets
Inflation can change very quickly, more than likely moderate.
Stock market, bitcoin and precious metals prices, probably go up on all three fronts.
The goal is to get rid of the middle class, not crash the economy.
Things to watch for, Cars, Loans and Pricing. Average LTV for a car is 125% with a $700 payment. Watch for Defaults.
Student loan payments (they resumed in October, 54% are now late.)
Mortgage Rates and Inflation - Dems want it that way for new underprivileged housing housing programs
Defaults on Mortgages - COL way up, many will be losing there homes just low enough to be under the radar of most.
Further dollar devaluation on foreign markets
Inflation can change very quickly, more than likely moderate.
Stock market, bitcoin and precious metals prices, probably go up on all three fronts.
The goal is to get rid of the middle class, not crash the economy.
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The garnishment of wages need to be implemented.
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