discussion comment
2 years ago
Looks like the weakening La Niña is coming sooner than expected as western pacific waters are warming, because the west coast and inter mountain west will be getting walloped with snow next week!
Hallelujah!
review comment
2 years ago
Nice recap of your visit. FYI: there still can be fun with cameras, as they aren’t always monitored or even on. It’s more for the “big brother” effect than anything. Whenever a dancer mentions cameras, I find it a clue as to what they are willing to do.
discussion comment
2 years ago
Is there some sort of system I can read up on that helps me leverage my cash to get what I want during the upcoming economic downturn?
discussion comment
2 years ago
Doc brings up a very good point. Politically the fed is supposed to be independent from a monetary stance, how we they dare not go much higher for it will crush our fiscal policy. The fed has painted itself and our country’s debt in a corner. The fed will be forced to pivot and drop rates for two main reasons,1. The recession will likely kick in next year, 2. The rising interest on that debt will force a change in monetary policy so the government can maintain that debt. Unfortunately we will be forced into steady to lower rates because of our high debt for years to come. The fed will be lucky to maintain this interest rate % for another year or two.
This is by far different than previous generation of inflation. The middle class isn’t as strong as it was when the unions had more power, and the money was extremely loose for too long. Todays productivity is a lot higher with technological advances made in the past 40 years. If anything, we are in danger of deflation especially if world central banks keep tightening and we get into currency wars, which is a real possibility.
Boring stuff for most people, until you realize all economies are interconnected. The time value premium is do you spend it now, or hope to earn $$ of that for future purposes? Most people have the mentality of what they could do with it last year or right now, not what can be done with it going forward.
discussion comment
2 years ago
Tye professor never said prices weren’t inflated, he’s stating they aren’t goi f to go up anymore, essentially saying it is over. Inflation is the act of
Prices rising, not if prices have risen (which they have). Big difference, and for the average layman they don’t understand the difference, but it means a huge sign that equities are about to take a big bounce!
If your strawberries stay at $8 next year, then there’s no inflation from the present, unles s it goes up to $9. If you’re buying Diet Coke next year at any price, then that’s just poison.
discussion comment
2 years ago
^^ yet tye majority of people in the investment community are saying the fed will pivot by the end of next year and start to cut rates. Make no mistake about it, Fed Powell is ALL about trying to save face and gain credibility by raising as fast and furious just to cat h yo quickly so he can say “we did it’! All they have done is spook the markets. Never in history have we drained so much liquidity from the system with current tightening, but also we have had a lot of excess to soak up. It’s working, because much of the excess to begin with went to corporations and businesses, now they need to give it up.
discussion comment
2 years ago
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motorheadFat, drunk and stupid is no way to go through life
OP, what do you have against The Who? My list …
The Who
Fleetwood Mac
Stones
discussion comment
2 years ago
Will Ron Jeremy be out on parole to christen in the opening?
discussion comment
2 years ago
For every success online there are hundreds, if not thousands of failed attempts at creating consistent only fans. You have to constantly upload content, keep it fresh, and manage the paid subscriptions. Most strippers can’t multi manage several duties required to keep an account thriving, and they tell me it’s more work than showing up at the club.
discussion comment
2 years ago
^^^ boy, you’re proving your stupidity with every letter you peck yiu chicken head! It’s Reuters news wire, just happens the link copied from Apple News. But you for such a swollen clit with every post I make you cream at the sight of trying to confirm your bias. What a stupid fucking divorce lawyers who has little to no reading comprehension. Go read more statements from your clients who are divorcing because they don’t have their shit together, and then give us your assessment of macroeconomics, chicken head.
SkiDumb swims in the waters of stupidity. Pool-pond, pond is good for SkiDumb. Lol. Learn to read ritard!!
discussion comment
2 years ago
^ I have made 30% of the figure and live off 10%, but that’s just how much of a miser I am. Value is what you see with what you got, and I grew up with little and continue to live off little, but will pass on a lot to my loved ones. Do you know why? It’s because it will be exponentially more difficult to get ahead as time goes along, and the next generation will be priced out of many things if they don’t get assistance from their family, like education and a home. Planning really hoes a long way, but it takes several years, even decades, to see the payoff. Todays society puts an emphasis on immediate gratification, trained by corporate greed in their marketing tactics. Teach your kids to delay gratification so they can pay strippers to satisfy them when they get old!
discussion comment
2 years ago
https://apple.news/AxhDf64P6T2OZM14E5TRhrQ
This flies in the face of Rickyboy’s jobs narrative(see jobs article from above too). Any way, inflation is over and I told you so! Jobs are tumbling…..
Reuters) -Goldman Sachs Group Inc will lay off up to 4,000 people as the Wall Street bank struggles to meet profitability targets, news platform Semafor reported on Friday, citing people familiar with the matter.
Managers across the firm have been asked to identify low performers for what could be a cut of up to 8% to its workforce early next year, the people said, with some cautioning that no final list has been drawn up, according to the report.
Goldman Sachs did not immediately respond to a Reuters request for comment.
The bank said in September it was planning to cut jobs, after pausing the annual practice for two years during the pandemic, a source familiar with the matter told Reuters at the time.
Goldman’s headcount swelled to over 49,000 at the end of September, up 14% from a year earlier. The investment bank had first warned in July it might slow hiring and cut expenses.
I remember in the summer I said inflation has peaked. Looks like I was right, again!!
discussion comment
2 years ago
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shailynnThey never tell you what you need to know.
Inflation is over, and I told you so!
review comment
2 years ago
Hmmmm, if the clubs are slow maybe the pissed off look is from that. Not going to pay that much for any action, but that’s for you to decide and glad you can do it. Not sure if your talent assessment is spot on with the Pamela Anderson reference, but we can let it pass since you said you don’t get out much. More like a slutty and tatted up Amy Schumer. I’m not even going get into the talent level of destiny, because I need to go and see for myself. Daytime can be spotty with talent.
discussion comment
2 years ago
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shailynnThey never tell you what you need to know.
I never provide advice, only commentary for which everyone and anyone commonly disagrees.
discussion comment
2 years ago
People tell me a lot of customers have dined at the Y, your wife’s Y!! Lol…
discussion comment
2 years ago
https://www.freightwaves.com/news/drop-in-benchmark-doe-eia-diesel-price-is-2nd-biggest-ever/amp
For those who’d like to learn about the reality of economics instead of seeing a whiny bold pussy like SkiDumb retort from looking at his clients statements for economic clues, the article linked shows the largest drop in diesel fuel since the Lehman Brothers collapse……..
Drop in benchmark DOE/EIA diesel price is 2nd-biggest ever
Decline of 21.3 cents almost matches number from post-Lehman Brothers market in 2008
John Kingston John Kingston
2 days ago
The benchmark DOE/EIA price fell by the second-largest amount in its history Monday. (Photo: Jim Allen/FreightWaves).
The second-biggest decline in the benchmark weekly diesel price from the Department of Energy took the number down 21.3 cents per gallon, to $4.754.
A decline of that magnitude has only been exceeded once in the almost 29-year history of the DOE’s Energy Information Administration publishing a weekly average retail diesel price. That occurred in October 2008, when the collapse a month earlier of Lehman Brothers was roiling global markets, kicking off the global financial crisis. The price fell 21.6 cents for the number posted Oct. 13 of that year.
This week’s price is the lowest since March 7 of this year. Since the recent high price set on Oct. 24, the DOE/EIA diesel price is down 58.4 cents a gallon.
Retail prices inevitably lag changes in futures and wholesale prices, but the lag on the current steep drop has been historic. Even with the recent drop in retail prices, the FUELS.USA data series in SONAR has continued to rise. FUELS.USA measures the spread between the average retail price and the average wholesale price and historically has been near $1-$1.10 a gallon. A week ago it was at about $1.91 a gallon. Today, it came in at $2.18.
The ultra low sulfur diesel (ULSD) price on the CME commodity exchange between Nov. 3 and last Friday fell about $1.20 a gallon. However, on Monday it climbed 17.21 cents, its biggest one-day gain since early October. After settling Thursday at $2.7937 a gallon, the price rose Monday to $2.9658.
Recent declines in the price of ULSD on the CME have been fueled by a combination of declining demand and growing inventories.
The weekly EIA report contains demand data called Product Supplied. It does not break out diesel, but a category called distillate, based on consumption patterns, is about 85% to 90% ULSD. Product supplied for distillate was 4.257 million barrels a day in the week ending Oct. 28. In the week ending Dec. 2, the most recent report available, it was down to 3.55 million barrels a day.
Inventories, a key factor in driving the price above $5 at the pump just a few weeks and months ago, have recovered on the back not only of decreased demand but also refinery operations ramping up to take advantage of strong diesel prices. Stocks of ULSD stood at 95.8 million barrels in that week ending Oct. 28. They rose to just under 108 million barrels in the most recent weekly EIA report.
That in turn has been helped by blistering U.S. refinery operating rates of just over 95% in the two weeks ending Dec. 2, according to EIA data.
Ironically, the big drop in the EIA price, used as the benchmark for most diesel surcharges, was announced on the day that markets took a big upward move after its recent declines.
Two key factors helped push the price up by 17.21 cents a gallon Monday, to a settlement of $2.9658 a gallon. First, the Keystone Pipeline (which has been operating for years, not to be confused with its better-known sister pipeline, the Keystone XL, whose construction has been blocked by the Biden administration) has suffered a significant leak and shut down.
The pipeline carries 610,000 barrels a day. The leak is in northeast Kansas and its size is considered significant.
While crude can be rerouted off a pipeline and on to rail cars, that process takes time and the shutdown may impact supplies to refineries. Like the Keystone XL was supposed to do, Keystone takes crude from Canada and some from production in the U.S. and brings it to the U.S. Midcontinent where it can also be sent on to the U.S. Gulf Coast refining system.
Cold weather is another factor and ULSD on Monday rose more than the increase in crude. The 17.21-cent jump in ULSD Monday was a 6.16% increase. But crude benchmarks were up just between 2.15% and 2.5%.
The market reaction to forecasts of more cold winter weather could also be seen in the settlement price of natural gas at the Louisiana Henry Hub delivery point. Natural gas climbed 34.2 cents per thousand cubic feet Monday, an increase of 5.19%.
FYI: I told you so!!
discussion comment
2 years ago
^^ son, not only are you old and senile, but you got manure for brains! Jets used to use diesel fuel, but it is slightly altered for a similar kerosene type for todays use. Anyway, tye price of diesel is directly related to jet fuel so keep proving your stupidity SkiDumb!! Ha ha ha ha ha ha …. all the way to the bank!
FYI: there no longer is inflation. I told you so!
discussion comment
2 years ago
^^ Rickyboi, I know your ability to read goes against your strong confirmation bias, however look above at the BLS report on jobs and try to be objective. YUM brands CEO was on today stating they have filled ALL of their openings across the nation, so at least yiu got that going for you. Keep in mind the U3 report isn’t an accurate account of jobs, tye U6 takes account more factors, but of course it goes against your tough guy narrative. By the way this isn’t the 70s or the 80s, internet tough guy!
Now I am starting to see why Icee calls SkiDumb, SkiBitch. Because he is a whiny little old Pussy!! Food inflation is going to start to flatten or come down due to the drop in energy/fuel. I’m goin to start searching for summer flights because diesel fuel has dropped, too. Of course Rickyboi can refute that all he wants, as he is a one note trick like his butt buddy SkiDumb. One note, one trick ponies. Lol!
discussion comment
2 years ago
https://apple.news/AgonuRIVxRme8Ze-Pn5degg
This flies in the face of those grinches SkiDumb and Rickyboi, 2 of the biggest ass clowns this site has ever accompanied!
The November inflation data, which showed consumer prices rising less than expected for a second straight month, “increases the likelihood that we could get a dovish surprise” from new policymaker projections showing rates rising only another half percentage point by the end of 2023, Krishna Guha, vice chair of Evercore ISI, wrote ahead of the policy decision. Guha, however, said he still expects Fed policymakers’ median rate projection to narrowly favor a higher endpoint in a range from 5% to 5.25%.
Somehow SkiDumb will turn this around to some sort of left wing agenda. What an emotionally triggered old man! Anyway, keep your eyes out for another solid 12 months of “I told you so” from me for anyone who dares to refute my accurate predictions on inflation.
discussion comment
2 years ago
^^ I see you’re not in the camp that says prices are still going up, overall. But what is going up is personal debt, which weighs on the spending looser of the consumer with higher rates. I personally think the fed is really close to ending their rate hikes on the short end. There is almost a 100 basis point inversion with overnight rates at 4.5% after the fed hikes 50 basis points tomorrow, and the 10 year is yielding less than 3.5%. That tells me the government will pay more for the debt they are Gina coming with short term treasuries yielding 4.5% when it was just paying 0.5% at the beginning of the year. The government won’t be able to afford these higher rates, either for much too long probably cutting them in 2024 if they raise much more.
This environment is a lot about the Fed trying f to regain credibility it has lost with too much loosened from the prior 15 years. They tightened way too late, and then way too fast.
discussion comment
2 years ago
^^ what if commodities are dropping like we are seeing with lumber, copper, concrete, diesel fuel, oil, gas, and a hole host of other commodities? Do house prices go up during that type of environment like we have seen since early this year? If those costs are going down, do you think shelter costs (housing) will continue to climb or inflate, as it makes up nearly 40% of the Bureau of Labor Statistics CPI report? Well, SkiDumb and Rickyboi do!! Lmfao!!
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2 years ago
Lmfao! I’m in stitches seeing how triggered SkiDumb gets in response to all things political! Tye fa this I pull real live statistics from the Bureau of Labor, which reflect real life as it impacts people as reported by the government, not from clients who go to a divorce lawyer who definitely don’t have their shit together, lol! Cherry picking? Yiu mean like seeing the BLS report inflation peaked over the summer?? Yes, that is accurate reporting, just like the CPI is made up of nearly 40% from shelter costs so has everyone become renters this past year?
Prices remain high, but inflation is essentially over, but those who have reading comprehension problems will think both are the same. Prices are no longer going up since summer, even though the convoluted reports being sent to us from the Feds view is rear view and don’t reflect current real life events. Maybe reading clients’ fucked up statements is an accurate real life situation from SkiDumbs perspective, but he’s not necessarily swimming in clear waters. Pool or pond? Pond will be where SkiDumb swims.
discussion comment
2 years ago
When I find another one to take its place.
discussion comment
2 years ago
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drewcareypnwnot the real drew carey, but I play him at strip clubs...
Only in Vegas. They’re persistent and you have to be direct with them and firmly say you’re not interested before they leave you alone.