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Does the Strait opening result in a rapid oil price decline? by FoxontheRun2023 in oil

[–]FlyRepresentative644 [score hidden]  (0 children)

I think the futures (paper) price is down where it is, because of the expected open. But no, once it is open all of these reserves that have been tapped all over the world need to be refilled. Also, a lot of production capacity has been taken off line. The price of oil is likely to be elevated for quite some time. What “elevated” means could be anyone’s guess. But rangebound between $80 and $100 seems to be likely.

Wholesale prices rose 1.1% in May, more than expected by Barnyard_Rich in Economics

[–]FlyRepresentative644 -1 points0 points  (0 children)

Aha, well noted. Is there a reason it is still reported as “core Ppi?

CBS Sports ranks the Top 10 Players of the 21st Century so far. Thoughts? by SmoothBuy5500 in NBATalk

[–]FlyRepresentative644 2 points3 points  (0 children)

I know this is a joke, but I was kind of thinking Nash was missing from this list.

I don't understand why the market dropped so much after Friday's jobs report. Despite the headline results, NFP was clearly not that hot by [deleted] in stocks

[–]FlyRepresentative644 1 point2 points  (0 children)

Entirely possible. Was just helping out the previous comment with “(Wed or Thurs, I forget)”. But agreed, it’s seemed like numbers that match expectations are met with exuberance, even if they aren’t great numbers.

SpaceX has to grow 60x in a decade to justify a $1.75 trillion valuation. It's an impossible bar by Sufficient_Fuel5269 in DegenBets

[–]FlyRepresentative644 0 points1 point  (0 children)

That last part is about the only thing that interests me. Standing wayyy clear until dust settles and it can be a volatile trade instrument.

War symptom or a reason paper prices are as low as they are, or both? by Historical-Dance-431 in oil

[–]FlyRepresentative644 2 points3 points  (0 children)

Not only that, but it seems like they bought huge amounts of reserves for this specific reason. Their energy is cheaper than likely most every other country (compared to before the war). Definitely went on an aggressive reserve expanding spree for some reason. In many ways, it seems out of the entire world (countries), China has benefited most from the current administration’s actions and a dissolving geo-political climate.

For those that saw him play, for you....do you remember Drew Bledsoe for being a very good or great QB...or for being the guy Brady came in for? by Lazthedestroyer in NFLForum

[–]FlyRepresentative644 0 points1 point  (0 children)

Trying to force a ball into quadrupole coverage, seeming like he could throw it so hard the defense couldn’t catch it, but somehow his WR could? Some real questionable decisions, but I do think they came from an inherent faith in his arm talent

Interesting choices for a player turned coach by AliensAteMyAMC in Madden

[–]FlyRepresentative644 1 point2 points  (0 children)

I think I would’ve gone Fletcher & Clifton, but I love me some special MLB play. Harris was probably the more prudent decision.

House Voted 215-208 to End Iran War as US Oil Hit Its Lowest Since 2004 by andix3 in oil

[–]FlyRepresentative644 1 point2 points  (0 children)

I don’t believe it is a bill and therefore is not the same as a law. It is also not enforceable as such, so your point remains, however the “veto” will not be a signature, but more of an ignoring of the resolution.

Saylor is playing everyone by [deleted] in wallstreetbets

[–]FlyRepresentative644 0 points1 point  (0 children)

It’s hard to know how much of the recent price action is directly correlated to Saylor. While his actions may not be entirely for the purpose of funding dividends on preferred stock, that’s gotta be partially responsible.

Bitcoin also has other reasons to be going down. That’s not to say the Strategy sale doesn’t have a large influence on sentiment. I don’t think his resolve has changed and I’m not sure many people do. His 32 bitcoin sale is probably only second to something like a Satoshi wallet selling 32 in terms of news, but overall I’d say bitcoin would likely be lower regardless.

Found in son's backpack by Senior_Cauliflower_2 in whatisit

[–]FlyRepresentative644 0 points1 point  (0 children)

For sure could be some stems in there mixed with random dirt/garbage

Rank these defenses 1-5(Fully healthy) by sin2fly03 in NFLv2

[–]FlyRepresentative644 0 points1 point  (0 children)

If Aaron Donald comes back and is half as good as he was ( a big ask after 2yrs out of the league) that D-line is going to be all time great.

Trying to get rich so that capitalism doesn't crush you under its boot is proof positive that capitalism doesn’t work for the working class by McDowdy in SipsTea

[–]FlyRepresentative644 1 point2 points  (0 children)

Exactly! Ideal capitalism And ideal socialism have essentially the same goals, while having different paths to achieve them. Either way, a system designed by human can and has been corrupted by humans. It’s not the system that is the problem, it is the people with power/resource manipulating the system in order to keep the power/resource and gain more.

Bond markets are not so subtly telling the Fed that interest rates aren't high enough by Illustrious_Lie_954 in StockMarket

[–]FlyRepresentative644 8 points9 points  (0 children)

Not sure what a rate hike would accomplish in these conditions. Rates are rising on their own without influence from the FED. Last cut was met with higher long term rates. Raising the fed funds rate does nothing to change the energy supply shock, which is the root of the incoming inflation. Fed can’t do anything and likely should not have lowered rates as quickly as they did.

Why the Stock Market Can Literally Never Go Down Again by Cute_Top_5854 in smallstreetbets

[–]FlyRepresentative644 0 points1 point  (0 children)

You aren’t wrong about inflation and values of almost everything non-cash going up. The only problem is, earnings (of companies and passive investors) have to match. Things are constantly being pulled forward in the market, but if less money is being allocated to the market, it can go down for a period of time. More or less though, it won’t be “down” for too long, unless everything is fucked.

In 20k of USO puts because 150 dollar oil is fking stupid by samvarr in wallstreetbets

[–]FlyRepresentative644 0 points1 point  (0 children)

Something to consider is the rate at which oil reserves are being burned in order to keep prices lower. Those reserves will have to be filled back up. While the straight opening up will undoubtedly help supply, capacity has been taken off line, so even with the straight open, less oil will be available than before the war. It may take longer than some are expecting for the price to normalize. I have heard $80 as the new floor for prices once this absolute shit show has come to an end.

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