Gas Prices and the economy

[guno]

Normally low gasoline prices would cause people to gas up the RV and or fuel up the SUV and go visit relatives, Yellowstone or just drag the little cherubs around the lake behind the pontoon boat for a couple of weeks. All things that would "juice the economy".

However, these are not normal times. Low energy prices are cutting the throats of domestic producers and lower fuel costs are not prompting people to splurge on a nice vacation, new clothes or anything else.

We have been fishtailing into the guardrail in "slo-mo" for the last several years. The unemployment rate keeps dropping because people are being written off as no longer interested in working or having given up on looking for work. (that would be the labor participation rate)

Anyone that leveraged (bought on credit) a real estate purchase or put money into the stock market, bonds (any bonds municipal, corporate, treasuries or other dollar denominated instrumentation) is going to be taking a bath very quickly.

The mirage of cheap credit and the illusions of assets supported by bankrupt banks is about to implode . There has never been a time in world history when so many vaporous and thinly supported assets were so highly leveraged by so many people....for the benefit of so few.

Cheap energy prices do not correlate with robust investment and or economic health. Not any more. In the past, cheap energy was a prerequisite for expansion and engaging the confidence of the American consumer (who supported 70% of our GDP). Right now cheap energy is asymptomatic of producers desperate selling and cut-throat marketing.

None of the things that caused the depression that began in 2008 have been addressed and none of the deficiencies have been mitigated. In fact, everything is about 2-300% worse now. It would have been painful to fix in 2008. Now it's going to be excruciatingly painful and take a lot longer.

And the oil business is no more prone to the whims of the president than the tides are. All of the people that put the blame on Obama for everything are just looking for easy explanations. this is a structural problem. and given a congress whose sole purpose was to kneecap the president we are looking at the light at the end of the tunnel,but that light is a freight train heading toward us

 

[Programmer]

Normally low gasoline prices would cause people to gas up the RV and or fuel up the SUV and go visit relatives, Yellowstone or just drag the little cherubs around the lake behind the pontoon boat for a couple of weeks. All things that would "juice the economy".

However, these are not normal times. Low energy prices are cutting the throats of domestic producers and lower fuel costs are not prompting people to splurge on a nice vacation, new clothes or anything else.

We have been fishtailing into the guardrail in "slo-mo" for the last several years. The unemployment rate keeps dropping because people are being written off as no longer interested in working or having given up on looking for work. (that would be the labor participation rate)

Anyone that leveraged (bought on credit) a real estate purchase or put money into the stock market, bonds (any bonds municipal, corporate, treasuries or other dollar denominated instrumentation) is going to be taking a bath very quickly.

The mirage of cheap credit and the illusions of assets supported by bankrupt banks is about to implode . There has never been a time in world history when so many vaporous and thinly supported assets were so highly leveraged by so many people....for the benefit of so few.

Cheap energy prices do not correlate with robust investment and or economic health. Not any more. In the past, cheap energy was a prerequisite for expansion and engaging the confidence of the American consumer (who supported 70% of our GDP). Right now cheap energy is asymptomatic of producers desperate selling and cut-throat marketing.

None of the things that caused the depression that began in 2008 have been addressed and none of the deficiencies have been mitigated. In fact, everything is about 2-300% worse now. It would have been painful to fix in 2008. Now it's going to be excruciatingly painful and take a lot longer.

And the oil business is no more prone to the whims of the president than the tides are. All of the people that put the blame on Obama for everything are just looking for easy explanations. this is a structural problem. and given a congress whose sole purpose was to kneecap the president we are looking at the light at the end of the tunnel,but that light is a freight train heading toward us

To the contrary, low gas prices can come from people not fueling up the RV, hence the stereotypical summer price hike. Cheap energy can provide a lil boost to the economy, but it is not a sign of a boost in the economy. Quite the opposite.

 

[guno]

Normally low gasoline prices would cause people to gas up the RV and or fuel up the SUV and go visit relatives, Yellowstone or just drag the little cherubs around the lake behind the pontoon boat for a couple of weeks. All things that would "juice the economy".

However, these are not normal times. Low energy prices are cutting the throats of domestic producers and lower fuel costs are not prompting people to splurge on a nice vacation, new clothes or anything else.

We have been fishtailing into the guardrail in "slo-mo" for the last several years. The unemployment rate keeps dropping because people are being written off as no longer interested in working or having given up on looking for work. (that would be the labor participation rate)

Anyone that leveraged (bought on credit) a real estate purchase or put money into the stock market, bonds (any bonds municipal, corporate, treasuries or other dollar denominated instrumentation) is going to be taking a bath very quickly.

The mirage of cheap credit and the illusions of assets supported by bankrupt banks is about to implode . There has never been a time in world history when so many vaporous and thinly supported assets were so highly leveraged by so many people....for the benefit of so few.
Cheap energy prices do not correlate with robust investment and or economic health. Not any more. In the past, cheap energy was a prerequisite for expansion and engaging the confidence of the American consumer (who supported 70% of our GDP). Right now cheap energy is asymptomatic of producers desperate selling and cut-throat marketing.

None of the things that caused the depression that began in 2008 have been addressed and none of the deficiencies have been mitigated. In fact, everything is about 2-300% worse now. It would have been painful to fix in 2008. Now it's going to be excruciatingly painful and take a lot longer.

And the oil business is no more prone to the whims of the president than the tides are. All of the people that put the blame on Obama for everything are just looking for easy explanations. this is a structural problem. and given a congress whose sole purpose was to kneecap the president we are looking at the light at the end of the tunnel,but that light is a freight train heading toward us

To the contrary, low gas prices can come from people not fueling up the RV, hence the stereotypical summer price hike. Cheap energy can provide a lil boost to the economy, but it is not a sign of a boost in the economy. Quite the opposite.

no its an over glut in the market, cheap gas should spur people to use more thus spurring sales of recreational vehicles and the hospitality industry with has spin off in the larger economy

 

[Programmer]

Normally low gasoline prices would cause people to gas up the RV and or fuel up the SUV and go visit relatives, Yellowstone or just drag the little cherubs around the lake behind the pontoon boat for a couple of weeks. All things that would "juice the economy".

However, these are not normal times. Low energy prices are cutting the throats of domestic producers and lower fuel costs are not prompting people to splurge on a nice vacation, new clothes or anything else.

We have been fishtailing into the guardrail in "slo-mo" for the last several years. The unemployment rate keeps dropping because people are being written off as no longer interested in working or having given up on looking for work. (that would be the labor participation rate)

Anyone that leveraged (bought on credit) a real estate purchase or put money into the stock market, bonds (any bonds municipal, corporate, treasuries or other dollar denominated instrumentation) is going to be taking a bath very quickly.

The mirage of cheap credit and the illusions of assets supported by bankrupt banks is about to implode . There has never been a time in world history when so many vaporous and thinly supported assets were so highly leveraged by so many people....for the benefit of so few.
Cheap energy prices do not correlate with robust investment and or economic health. Not any more. In the past, cheap energy was a prerequisite for expansion and engaging the confidence of the American consumer (who supported 70% of our GDP). Right now cheap energy is asymptomatic of producers desperate selling and cut-throat marketing.

None of the things that caused the depression that began in 2008 have been addressed and none of the deficiencies have been mitigated. In fact, everything is about 2-300% worse now. It would have been painful to fix in 2008. Now it's going to be excruciatingly painful and take a lot longer.

And the oil business is no more prone to the whims of the president than the tides are. All of the people that put the blame on Obama for everything are just looking for easy explanations. this is a structural problem. and given a congress whose sole purpose was to kneecap the president we are looking at the light at the end of the tunnel,but that light is a freight train heading toward us

To the contrary, low gas prices can come from people not fueling up the RV, hence the stereotypical summer price hike. Cheap energy can provide a lil boost to the economy, but it is not a sign of a boost in the economy. Quite the opposite.

no its an over glut in the market, cheap gas should spur people to use more thus spurring sales of recreational vehicles and the hospitality industry with has spin off in the larger economy

There's a glut.

Aren't these responses from businesses and consumers over a longer term? You can gather a lot from auto trends, like bigger and higher performing vehicles entering the lineup after years of lower fuel costs. But years.

 

[EdwardBaiamonte]

that light is a freight train heading toward us

100% stupid!!! we've had 7 years of reduced unemployment (U3 and U6) and 7 years of increasing GDP, and now even increasing income, so while not great growth it is certainly an improving situation by any measure.

 

[waltky]

Gas up, oil prices still down for immediate future...

Oil Prices Fall to 7-year Low; Stocks Falter
December 08, 2015 - Crude oil prices fell to their lowest level since 2009 in Tuesday's global trading.

The latest in a long string of price plunges follows Friday's meeting of the Organization of Petroleum Exporting Countries that failed to reach a consensus to cut oil production. They might have raised prices by limiting supplies.

Experts say current oil supplies are significantly higher than oil demand. That oversupply is expected to grow even more as Iran, one of the world's largest oil suppliers, gets out from under international sanctions that limit its exports. Worries about slackening demand were also heightened by forecasts for mild winter weather in the United States, which could cut the need for heating oil.

A ship is docked at a Al-Basra oil platform in the Gulf​

Prices for the benchmark Brent crude fell below $40 a barrel Tuesday, while the closely-watched price for West Texas Intermediate fell to that level in Monday's trading. Worried investors sold stock in oil companies and the firms that supply and support the oil industry. The selloff of these large companies helped push down stock prices on major indexes around the world.

Declining oil prices also "weighed" on credit profiles of major oil exporters, according to the Fitch rating agency. Fitch experts are calculating the impact of falling oil revenue on government budgets. They are also watching how well the affected nations cope by cutting expenses, finding other revenue sources, devaluing their currencies or taking other actions.

Oil Prices Fall to 7-year Low; Stocks Falter

 

[EdwardBaiamonte]

. There has never been a time in world history when so many vaporous and thinly supported assets were so highly leveraged by so many people....for the benefit of so few.

of course 100% stupid. that may have been true before the housing crisis but America has been deleveraging ever since and the banks have more capital than ever before.

 

[Jomama]

The mirage of cheap credit and the illusions of assets supported by bankrupt banks is about to implode. There has never been a time in world history when ... assets were so highly leveraged by so many people...

Big statement, please provide examples.

Ever look at a bank balance sheet? It's a curious thing filled with facts.

 

[EdwardBaiamonte]

Big statement, please provide examples.

.

liberals cut and paste something they think is intelligent and then run away and hide because they are too stupid to defend it.

 

[EdwardBaiamonte]

Ever look at a bank balance sheet? It's a curious thing filled with facts.

Well sadly that's not really true. We had a huge financial crisis in large part because bank accounting is fraudulent and too complex, and so hides rather than reveals essential information about a banks actual condition.

I'll never forget when they asked Robert Rubin why he did not blow the whistle on Citybank since he had been working there for years leading up to and including the collapse. He said, in effect, the accounting was bad and even he could not use it for any useful purpose. He said the accounting rules allowed them to bury $billions in sub prime and Alt A mortgages off the balance sheet as mere footnotes.

 

[sealybobo]

Normally low gasoline prices would cause people to gas up the RV and or fuel up the SUV and go visit relatives, Yellowstone or just drag the little cherubs around the lake behind the pontoon boat for a couple of weeks. All things that would "juice the economy".

However, these are not normal times. Low energy prices are cutting the throats of domestic producers and lower fuel costs are not prompting people to splurge on a nice vacation, new clothes or anything else.

We have been fishtailing into the guardrail in "slo-mo" for the last several years. The unemployment rate keeps dropping because people are being written off as no longer interested in working or having given up on looking for work. (that would be the labor participation rate)

Anyone that leveraged (bought on credit) a real estate purchase or put money into the stock market, bonds (any bonds municipal, corporate, treasuries or other dollar denominated instrumentation) is going to be taking a bath very quickly.

The mirage of cheap credit and the illusions of assets supported by bankrupt banks is about to implode . There has never been a time in world history when so many vaporous and thinly supported assets were so highly leveraged by so many people....for the benefit of so few.

Cheap energy prices do not correlate with robust investment and or economic health. Not any more. In the past, cheap energy was a prerequisite for expansion and engaging the confidence of the American consumer (who supported 70% of our GDP). Right now cheap energy is asymptomatic of producers desperate selling and cut-throat marketing.

None of the things that caused the depression that began in 2008 have been addressed and none of the deficiencies have been mitigated. In fact, everything is about 2-300% worse now. It would have been painful to fix in 2008. Now it's going to be excruciatingly painful and take a lot longer.

And the oil business is no more prone to the whims of the president than the tides are. All of the people that put the blame on Obama for everything are just looking for easy explanations. this is a structural problem. and given a congress whose sole purpose was to kneecap the president we are looking at the light at the end of the tunnel,but that light is a freight train heading toward us

One of the things that caused the great recession was high gas prices.

What you are admitting is oil companies want to raise oil prices. It will be good for the people in those industries. But you are wrong that high gas prices don't hurt the economy. Instead of putting all our disposable income in our tanks we've been spending on other things.

You must be an oil man or coal miners daughter

 

[Wyatt earp]

Normally low gasoline prices would cause people to gas up the RV and or fuel up the SUV and go visit relatives, Yellowstone or just drag the little cherubs around the lake behind the pontoon boat for a couple of weeks. All things that would "juice the economy".

However, these are not normal times. Low energy prices are cutting the throats of domestic producers and lower fuel costs are not prompting people to splurge on a nice vacation, new clothes or anything else.

We have been fishtailing into the guardrail in "slo-mo" for the last several years. The unemployment rate keeps dropping because people are being written off as no longer interested in working or having given up on looking for work. (that would be the labor participation rate)

Anyone that leveraged (bought on credit) a real estate purchase or put money into the stock market, bonds (any bonds municipal, corporate, treasuries or other dollar denominated instrumentation) is going to be taking a bath very quickly.

The mirage of cheap credit and the illusions of assets supported by bankrupt banks is about to implode . There has never been a time in world history when so many vaporous and thinly supported assets were so highly leveraged by so many people....for the benefit of so few.

Cheap energy prices do not correlate with robust investment and or economic health. Not any more. In the past, cheap energy was a prerequisite for expansion and engaging the confidence of the American consumer (who supported 70% of our GDP). Right now cheap energy is asymptomatic of producers desperate selling and cut-throat marketing.

None of the things that caused the depression that began in 2008 have been addressed and none of the deficiencies have been mitigated. In fact, everything is about 2-300% worse now. It would have been painful to fix in 2008. Now it's going to be excruciatingly painful and take a lot longer.

And the oil business is no more prone to the whims of the president than the tides are. All of the people that put the blame on Obama for everything are just looking for easy explanations. this is a structural problem. and given a congress whose sole purpose was to kneecap the president we are looking at the light at the end of the tunnel,but that light is a freight train heading toward us

One of the things that caused the great recession was high gas prices.

What you are admitting is oil companies want to raise oil prices. It will be good for the people in those industries. But you are wrong that high gas prices don't hurt the economy. Instead of putting all our disposable income in our tanks we've been spending on other things.

You must be an oil man or coal miners daughter

Lying mother fucker

 

[sealybobo]

Normally low gasoline prices would cause people to gas up the RV and or fuel up the SUV and go visit relatives, Yellowstone or just drag the little cherubs around the lake behind the pontoon boat for a couple of weeks. All things that would "juice the economy".

However, these are not normal times. Low energy prices are cutting the throats of domestic producers and lower fuel costs are not prompting people to splurge on a nice vacation, new clothes or anything else.

We have been fishtailing into the guardrail in "slo-mo" for the last several years. The unemployment rate keeps dropping because people are being written off as no longer interested in working or having given up on looking for work. (that would be the labor participation rate)

Anyone that leveraged (bought on credit) a real estate purchase or put money into the stock market, bonds (any bonds municipal, corporate, treasuries or other dollar denominated instrumentation) is going to be taking a bath very quickly.

The mirage of cheap credit and the illusions of assets supported by bankrupt banks is about to implode . There has never been a time in world history when so many vaporous and thinly supported assets were so highly leveraged by so many people....for the benefit of so few.

Cheap energy prices do not correlate with robust investment and or economic health. Not any more. In the past, cheap energy was a prerequisite for expansion and engaging the confidence of the American consumer (who supported 70% of our GDP). Right now cheap energy is asymptomatic of producers desperate selling and cut-throat marketing.

None of the things that caused the depression that began in 2008 have been addressed and none of the deficiencies have been mitigated. In fact, everything is about 2-300% worse now. It would have been painful to fix in 2008. Now it's going to be excruciatingly painful and take a lot longer.

And the oil business is no more prone to the whims of the president than the tides are. All of the people that put the blame on Obama for everything are just looking for easy explanations. this is a structural problem. and given a congress whose sole purpose was to kneecap the president we are looking at the light at the end of the tunnel,but that light is a freight train heading toward us

One of the things that caused the great recession was high gas prices.

What you are admitting is oil companies want to raise oil prices. It will be good for the people in those industries. But you are wrong that high gas prices don't hurt the economy. Instead of putting all our disposable income in our tanks we've been spending on other things.

You must be an oil man or coal miners daughter

Lying mother fucker

Fuck you. I remember over $4 a gallon gas on bushs watch you oil tycoon

 

[CrusaderFrank]

Normally low gasoline prices would cause people to gas up the RV and or fuel up the SUV and go visit relatives, Yellowstone or just drag the little cherubs around the lake behind the pontoon boat for a couple of weeks. All things that would "juice the economy".

However, these are not normal times. Low energy prices are cutting the throats of domestic producers and lower fuel costs are not prompting people to splurge on a nice vacation, new clothes or anything else.

We have been fishtailing into the guardrail in "slo-mo" for the last several years. The unemployment rate keeps dropping because people are being written off as no longer interested in working or having given up on looking for work. (that would be the labor participation rate)

Anyone that leveraged (bought on credit) a real estate purchase or put money into the stock market, bonds (any bonds municipal, corporate, treasuries or other dollar denominated instrumentation) is going to be taking a bath very quickly.

The mirage of cheap credit and the illusions of assets supported by bankrupt banks is about to implode . There has never been a time in world history when so many vaporous and thinly supported assets were so highly leveraged by so many people....for the benefit of so few.

Cheap energy prices do not correlate with robust investment and or economic health. Not any more. In the past, cheap energy was a prerequisite for expansion and engaging the confidence of the American consumer (who supported 70% of our GDP). Right now cheap energy is asymptomatic of producers desperate selling and cut-throat marketing.

None of the things that caused the depression that began in 2008 have been addressed and none of the deficiencies have been mitigated. In fact, everything is about 2-300% worse now. It would have been painful to fix in 2008. Now it's going to be excruciatingly painful and take a lot longer.

And the oil business is no more prone to the whims of the president than the tides are. All of the people that put the blame on Obama for everything are just looking for easy explanations. this is a structural problem. and given a congress whose sole purpose was to kneecap the president we are looking at the light at the end of the tunnel,but that light is a freight train heading toward us

So you finally admit the Obama economy is a house or cards.

 

[sealybobo]

Normally low gasoline prices would cause people to gas up the RV and or fuel up the SUV and go visit relatives, Yellowstone or just drag the little cherubs around the lake behind the pontoon boat for a couple of weeks. All things that would "juice the economy".

However, these are not normal times. Low energy prices are cutting the throats of domestic producers and lower fuel costs are not prompting people to splurge on a nice vacation, new clothes or anything else.

We have been fishtailing into the guardrail in "slo-mo" for the last several years. The unemployment rate keeps dropping because people are being written off as no longer interested in working or having given up on looking for work. (that would be the labor participation rate)

Anyone that leveraged (bought on credit) a real estate purchase or put money into the stock market, bonds (any bonds municipal, corporate, treasuries or other dollar denominated instrumentation) is going to be taking a bath very quickly.

The mirage of cheap credit and the illusions of assets supported by bankrupt banks is about to implode . There has never been a time in world history when so many vaporous and thinly supported assets were so highly leveraged by so many people....for the benefit of so few.

Cheap energy prices do not correlate with robust investment and or economic health. Not any more. In the past, cheap energy was a prerequisite for expansion and engaging the confidence of the American consumer (who supported 70% of our GDP). Right now cheap energy is asymptomatic of producers desperate selling and cut-throat marketing.

None of the things that caused the depression that began in 2008 have been addressed and none of the deficiencies have been mitigated. In fact, everything is about 2-300% worse now. It would have been painful to fix in 2008. Now it's going to be excruciatingly painful and take a lot longer.

And the oil business is no more prone to the whims of the president than the tides are. All of the people that put the blame on Obama for everything are just looking for easy explanations. this is a structural problem. and given a congress whose sole purpose was to kneecap the president we are looking at the light at the end of the tunnel,but that light is a freight train heading toward us

So you finally admit the Obama economy is a house or cards.

Can't wait to see you do better