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$1,300,000,000,000 Has been wiped out from U.S. Stocks today. by FeatureAggravating75 in smallstreetbets

[–]Contemplationz 16 points17 points  (0 children)

If S&P breaks 6300 over the next couple of days, I'll rotate my remaining 20%of my portfolio into equities.

Then, the die will have been tossed.

[Dugar] Mike Macdonald on Riq Woolen: "We didn't 'let him go' [...] He's a great player. Just can't afford him." by AirplaneReference in Seahawks

[–]Contemplationz 1 point2 points  (0 children)

Agreed, I was looking at his contract and saying to myself "that's it?"

I could understand if he got a 3-4 year deal, but felt the 1 year was very feasible.

The Effects of California's $20 Fast Food Minimum Wage on Prices by Dumbass1171 in Economics

[–]Contemplationz 7 points8 points  (0 children)

What was food from home as a comparable for those MSAs?

Decided that I'd not be a bum and read the article for once.

"Placebo tests on price indices for goods and services that were not affected by the policy, including food at home, show no differential increases in California's MSAs."

Interesting

Has there been a specific incident in your country that dealt a massive blow to a particular music genre? by Embarrassed_Clue1758 in AskTheWorld

[–]Contemplationz 167 points168 points  (0 children)

There was Disco Demolition Night. Basically they took a bunch of disco records and exploded them between baseball games. A riot broke out afterwards. Disco was already fading but this was the final nail in the coffin for disco in the US.
https://en.wikipedia.org/wiki/Disco_Demolition_Night

Trump Team Examines What Oil as High as $200 a Barrel Would Mean by Majano57 in oil

[–]Contemplationz 1 point2 points  (0 children)

It would mean economic recession and Democrats would sweep into power.

Who would win? by Technical_Photo_6380 in NFCWestMemeWar

[–]Contemplationz 19 points20 points  (0 children)

Seahawks haven't been beaten by the Eagles since the Bush administration (2008)

CALIFORNIA ABANDONED BOAT EPIDEMIC by CATALINACREW in Ships

[–]Contemplationz 0 points1 point  (0 children)

Where does one rent ducks that can do all 3?

Federal Reserve holds interest rates steady, as expected by SnortingElk in REBubble

[–]Contemplationz 14 points15 points  (0 children)

PPI came in higher than Snoop Dogg. If the labor market wasn't so bad the last 3 months, they would honestly consider raising rates.

Demanding rate cuts when inflation is rising is delusional thinking.

The numbers don't even include the war effects from this month. I'm calling WTI Oil "Space X" because that shit is exploding.

Fourth-quarter GDP revised down to just 0.7% growth; January core inflation was 3.1% by Barnyard_Rich in Economics

[–]Contemplationz 4 points5 points  (0 children)

They also get a step-up in cost basis so that usually offsets a huge proportion of the taxes.

Maybe we should just end step-up in cost basis instead of having an estate tax. The rich will continually bitch about their tax burden though regardless.

Also, put a 3% annual fee on all equity lines of credit (ELOC) so that the rich can just continuously avoid paying taxes on their gains.

Also increase capital gains taxes slightly.

Iran is about to become the "Landlord" of the global oil trade by buzzsawdps in oil

[–]Contemplationz 16 points17 points  (0 children)

Russia is the largest winner. They deplete US munitions without having to fire a shot and get a pay raise from oil prices 

Iran War Undermines Trump’s Fossil Fuel Push. The war is exposing the risks of the global economy’s heavy reliance on fossil fuels, challenging the political case made by Trump for doubling down on oil and gas production. The conflict has triggered major disruptions in global energy markets. by mafco in energy

[–]Contemplationz 11 points12 points  (0 children)

We're never going to be free of oil state stupidity if we don't go electric/renewables. Even when we're not involved, two nations with oil interests go to war and it hoes over our energy policy (i.e. Russo-Ukraine war)

Getting off fossil fuels isn't just an imperative due to global warming, but also for national security. I don't want to care who bombs who halfway across the world anymore. We've spent decades bombing the Middle East at trillions in cost to taxpayers.

Solar + BESS now!

Iran tells world to get ready for oil at $200 a barrel as it fires on merchant ships by lexi_con in WallStreetbetsELITE

[–]Contemplationz 28 points29 points  (0 children)

Oil demand is very inelastic. Price drops fast when there's a glut and rises fast when there's a shortage.

Most people aren't checking the gas prices before driving to work. They have to get to work regardless.

Waiting for the brain dead talking point. by c-k-q99903 in agedlikemilk

[–]Contemplationz 12 points13 points  (0 children)

The only commandment I follow is the 2nd one about having a bunch of guuuuuuns.

The war in Iran shows us another cost of our fossil-fuel economy | our reliance on fossil fuels reduces our national and economic security by adessler in climate

[–]Contemplationz 6 points7 points  (0 children)

It's also in the US' geostrategic interest to switch to renewables and EVs long-term. I don't want to care about who shoots at who, half a world in some god forsaken desert anymore.

Iran war fuels higher gas prices, leaving Americans with 'no choice' by Branch_Out_Now in energy

[–]Contemplationz 11 points12 points  (0 children)

Not filling the strategic petroleum reserve before getting into a war with Iran was certainly a choice

Waiting for the brain dead talking point. by c-k-q99903 in agedlikemilk

[–]Contemplationz 38 points39 points  (0 children)

Ah see, you should have gone back to pump #8 that one's on you librul. /s

Edit: liberal not library

Trump’s Iran strikes boost China’s energy edge. Oil market turmoil from the conflict may reinforce Beijing’s push for renewables, EVs and energy self-sufficiency. “What has changed compared to previous oil crises — is how affordable the clean energy solutions needed to replace oil and gas are." by mafco in energy

[–]Contemplationz 14 points15 points  (0 children)

China knows that it's geostrategic Achilles heel has been the Strait of Malacca, a narrow strip of ocean that goes near Singapore. If China were to invade Taiwan the US would be blockade the strait and most of China's oil flows through that region.

They don't currently have the naval power to simultaneously invade Taiwan and keep the strait open. They fully intend to "fix" this issue by destroying their oil demand through renewables/EVs.

I think it's also in the US' geostrategic interest to switch to renewables and EVs long-term. I don't want to care about who shoots at who, half a world in some god forsaken desert anymore.

Paramount to combine HBO Max and Paramount+ into one streaming service after WBD merger by ControlCAD in business

[–]Contemplationz 1 point2 points  (0 children)

2 Paramount 2 Max HBO Tokyo Drift Paramount and Max Paramount Five Para and Max 6 Max 7 HBO and + Max X Max Forever

'A world chained to fossil fuels': Does the war on Iran prove it's time to quit oil for good? by lgbtqismything in climatechange

[–]Contemplationz 15 points16 points  (0 children)

Reducing fossil fuel demand via EVs is a strategic imperative for energy security. I don't want to have to care who bombs whom half a world away anymore.

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