Keep Track of Rising Prices

I'm a daytrader. I only trade options. Made a little this week holding QQQ puts overnight a couple of times. But I'm ready to get this ship righted soon so we can head back up. Pullbacks are nice and I can make money twice as fast but it is riskier. I do have some BTC and ETH but I'm in those pretty light and for the long haul. I'm up about 125% on the BTC and slightly down on the ETH
 
Been holding a few thousand shares of xrp I believe that’s going to be the go to coin and platform in about five years if the others don’t destroy it for fear. There’s no longevity in bitcoin in my opinion 65% of the block chain is owned by the Chinese government long before anyone even knew what bitcoin was ...untrustworthy
 
Everything is going up. Called inflation. Happens when the feds sign $3T handouts and start printing more money.
These are worldwide factors not just the US. That is happening with global commodity prices is linked to the post COVID rebound. That is a good thing. Yes, capitalism means that prices rise in times of demand, but demand is driven by growth and that is actually a good thing, compared to the alternative. The stock market is rising for the same reason. Feds around the world have a delicate balancing act to do for the next few years. They need to avoid recession, stimulate the rebound and minimize inflation.

The US economy would be in a world of hurt if the stimulus, that started with the prior administration and continued under the current one, was not done. Those "handouts" are why the broader US economy is poised for rebound.
 
These are worldwide factors not just the US. That is happening with global commodity prices is linked to the post COVID rebound. That is a good thing. Yes, capitalism means that prices rise in times of demand, but demand is driven by growth and that is actually a good thing, compared to the alternative. The stock market is rising for the same reason. Feds around the world have a delicate balancing act to do for the next few years. They need to avoid recession, stimulate the rebound and minimize inflation.

The US economy would be in a world of hurt if the stimulus, that started with the prior administration and continued under the current one, was not done. Those "handouts" are why the broader US economy is poised for rebound.
Baloney. Or as Joe would say, Malarky. The US is going from energy independent and an exporter of energy to dependent on foreign sources as Joe executes his war on fossil fuel. High energy prices are an anchor on the US economy. Always have been. And likely always will be. Joe’s policies are driving nails into the US economy.

The “stimulus” is just Monopoly money. The payback of which will cost future US generations dearly.
 
Baloney. Or as Joe would say, Malarky. The US is going from energy independent and an exporter of energy to dependent on foreign sources as Joe executes his war on fossil fuel. High energy prices are an anchor on the US economy. Always have been. And likely always will be. Joe’s policies are driving nails into the US economy.

The “stimulus” is just Monopoly money. The payback of which will cost future US generations dearly.
So how does what Joe is doing explain worldwide prices on commodities increasing? You are a smart guy. You invest for a living so presumably you are just finding the angle that supports your hate for Biden. That is your prerogative I guess. The stimulus is what governments have been doing for years. Even republican governments. Its how governments support their economies in order to level out economic spikes and crashes. You know that. I don't like the war on fossil fuels either, but current rising global fuel prices is simply not the result of that war. Its BS and you know it.
 
Steel prices is a really interesting thing to think about. I do work in the sector.

Prices have skyrocketed solely due to pure supply/demand. Pure capitalism.

So some will say that the lack of current domestic supply was caused because cheaper steel from China flooded the market which drove US steel makers to shut down over time. And that is true. But that trend was pure capitalism, driven by the economic decisions of US manufacturers making cost decisions to source from the cheapest source.

So governments started to put in tariffs to support US jobs. Ok, that is probably OK to do so as economic policy. But don't be so naïve to ignore the fact that tariffs are very much a constraint on capitalism and the freedom to source your supply from wherever it can be sourced cheapest. And that cost (of tariffs) is paid by the manufacturers to the Federal government. And manufacturers will pass that higher cost on to consumers in higher prices. High tariffs are a tax on Americans to support a specific industry. It is economically exactly like a corporate handout to the steel industry to support jobs. Paid for by a tariff "tax" on Americans that is hidden from view.

That is all great stuff if you want to support American steel making jobs by economic policy of tariffs. And to a degree it is important to do so. But Nationalism like that is counter to capitalism and freedom of business.
 
So how does what Joe is doing explain worldwide prices on commodities increasing? You are a smart guy. You invest for a living so presumably you are just finding the angle that supports your hate for Biden. That is your prerogative I guess. The stimulus is what governments have been doing for years. Even republican governments. Its how governments support their economies in order to level out economic spikes and crashes. You know that. I don't like the war on fossil fuels either, but current rising global fuel prices is simply not the result of that war. Its BS and you know it.
Here's what you're missing. As prices rise due to demand, it encourages more supply to come online. When Covid hit and oil went to zero, US producers shutdown capacity to wait out the storm. Now that Biden is Pres. with his war on oil, they have no reason to start back up. "Start up, so I can shut you down" is hardly a rallying cry. If you don't think an adminstrations "love or hate" for business doesn't make a difference, you're wrong. Political leaders play an emotional game with business owners -- when they feel loved, they expand. When hated, they contract.

And just because Republicrats did "stimulus" doesn't make it right. The current 1.9 Billion "stimilus" program isn't stimulus at all and most isn't even Covid related. It's the old Democrat rallying cry -- "don't let a crisis go to waste." It's detrimental to future generations of the US. Biden should be ashamed of himself.
 
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Steel prices is a really interesting thing to think about. I do work in the sector.

Prices have skyrocketed solely due to pure supply/demand. Pure capitalism.

So some will say that the lack of current domestic supply was caused because cheaper steel from China flooded the market which drove US steel makers to shut down over time. And that is true. But that trend was pure capitalism, driven by the economic decisions of US manufacturers making cost decisions to source from the cheapest source.

So governments started to put in tariffs to support US jobs. Ok, that is probably OK to do so as economic policy. But don't be so naïve to ignore the fact that tariffs are very much a constraint on capitalism and the freedom to source your supply from wherever it can be sourced cheapest. And that cost (of tariffs) is paid by the manufacturers to the Federal government. And manufacturers will pass that higher cost on to consumers in higher prices. High tariffs are a tax on Americans to support a specific industry. It is economically exactly like a corporate handout to the steel industry to support jobs. Paid for by a tariff "tax" on Americans that is hidden from view.

That is all great stuff if you want to support American steel making jobs by economic policy of tariffs. And to a degree it is important to do so. But Nationalism like that is counter to capitalism and freedom of business.
The thing is, this is a demand spike cause by a year of not ordering squat. Due to Covid, nobody held any inventory. Order levels way, way down. Now as the new year begins, everyone looks at their shelves and says "maybe we should order something?" Ya think. It's like opening the gates to the rock concert when everyone rushes the stage. Everyone orders at once, and demand spikes. It's not new demand, but pent up demand. Once inventories are filled, we'll go back to more normal levels. Steel producers, bless their hearts, are using the opportunity to raise prices, knowing they'll collapse in a few months when the bubble moves thru the snake.
 
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These are worldwide factors not just the US. That is happening with global commodity prices is linked to the post COVID rebound. That is a good thing. Yes, capitalism means that prices rise in times of demand, but demand is driven by growth and that is actually a good thing, compared to the alternative. The stock market is rising for the same reason. Feds around the world have a delicate balancing act to do for the next few years. They need to avoid recession, stimulate the rebound and minimize inflation.

The US economy would be in a world of hurt if the stimulus, that started with the prior administration and continued under the current one, was not done. Those "handouts" are why the broader US economy is poised for rebound.
Oil prices being driven up by demand ? these levels make absolutely no sense pre-Covid this economy what is the highest it has ever been and oil usage and consumption was the highest it has ever been as far as gasoline prices go we were at 2:39 a gallon pre-Covid explain to me how just oil coming back online now is significantly higher then when demand was tenfold that’s a bunch of malarkey Sleepy Joe is just getting back in bed with his saudi friends, Nothing more nothing less
 
commodity prices are driven by demand and speculation, since all the producers and traders of oil now know that the US is going into a big decline of production due to the leadership change they are taking that advantage.
The US is or should I say was the Middle East of the world. WE have the reserves to power this country.
Thats why the platform of America First is crucial to our global presence. Once again we will be held hostage to higher fuel prices which in turn elevates pricing on everything sold in this country.
I agree with with Golfman, pent up demand is currently fanning the push also. Once that void is filled
we will once again stagnate on the consumer goods.
 
Bailing out failing democratic cities? Failure not due to COVID? Failure because of inability to manage funds over decades of poor management? Management that was voted in by it's people? Giving unemployed workers $600 extra per week? That's more than many of them made when they were working. I know a bunch of people whose incomes doubled and even tripled when they went on unemployment. And I know many that were hoping they wouldn't get called back and a couple that tried to refuse going back when they were called back. Sure they guy making $100,000 could use a little extra but even that person doesn't 'need' an extra $600/week. The average person around here makes under $40,000/year. That is about $500/week after taxes give or take. Now you are going to give them their ~$350/week unemployment plus an extra $600/week? You have now doubled their income. Take the guy that makes $25,000. He is now doing better than the average person making $70,000 pre COVID. There was alot of money wasted that Pelosi and Schumer demanded be handed out. They flat out refused to sign anything less and walked away from the table, no negotiating. That is careless just spending and vote buying. Sure I'm all for helping out but set it to get people back to breakeven, don't hand out billions that we can never repay just to buy an election.
 
Oil prices being driven up by demand ? these levels make absolutely no sense pre-Covid this economy what is the highest it has ever been and oil usage and consumption was the highest it has ever been as far as gasoline prices go we were at 2:39 a gallon pre-Covid explain to me how just oil coming back online now is significantly higher then when demand was tenfold that’s a bunch of malarkey Sleepy Joe is just getting back in bed with his saudi friends, Nothing more nothing less
That is so wrong. Why would global oil prices be driven by what sleepy joe is doing?
 
That is so wrong. Why would global oil prices be driven by what sleepy joe is doing?
Seriously? US is one of the largest oil exporters in recent years , that has been curtailed almost completely by this new administration 40% our oil supply comes from within the US oil industry. Like it was said earlier just having this administration in power and their plans to cut fracking and oil production has rippled through the entire world we are going to be exporting less, and producing less for ourselves
 
Seriously? US is one of the largest oil exporters in recent years , that has been curtailed almost completely by this new administration 40% our oil supply comes from within the US oil industry. Like it was said earlier just having this administration in power and their plans to cut fracking and oil production has rippled through the entire world we are going to be exporting less, and producing less for ourselves

Don't argue with Dumbocrats or liberals. Facts be damned, they know what you need to know and they'll make sure you know it.
 
BTW:

Diesel prices around here have risen from $2.29 To $2.99 since the coup.
 
BTW:

Diesel prices around here have risen from $2.29 To $2.99 since the coup.

Diesel around here is up to $3.39 as of yesterday when I filled up for on road.
 
Don't argue with Dumbocrats or liberals. Facts be damned, they know what you need to know and they'll make sure you know it.
I am not a democrat or a liberal. But you are wrong about oil prices rising up because of Biden. Actually read something other than Fox News. Read something outside the US.
 
Last March I paid $1.39 a gallon. Today it is $2.75 and the refinery’s have not switched to their summer blends.

Some do not realize the consequences. Cost of goods and services will have to increase. I remember the last time gas prices were over $3. Our trash service added a surcharge to absorb the cost of Diesel.

When I slipped my boat and gas at the marina was $5 I used the boat the same amount of time. But we would take our time instead of jumping on plane.

I realize a lot of you have big boats and huge tanks. We trailer our boat with my Suburban. When I get to my destination I have to fill up. Suburban has a 42 gallon tank. Boat 70 gallon. Last time prices were this high I had to use my debit/credit card twice because the pumps shut off at a certain amount. For our vacation this year I’m estimating my cost of gas will be $500 more than last year
 
2.99 here now. Was 2.19 on inauguration day
 

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