Record Number Of Emergency 401K Withdrawals in Trump's 2025 "Golden Age" Economy

[pknopp]

It's at the center of the argument. One year of new policies can't effectively turn around 4 years of horrendous actions.

Oil from $60 to $85 and rising seems to you how you turn it around. Lol

 

[knuckles]

Oil from $60 to $85 and rising seems to you how you turn it around. Lol

You make it sound so simple @psynopp


The average price of a barrel of West Texas Intermediate (WTI) crude oil during the Biden administration (from January 2021 through early 2026) was approximately $79 per barrel, according to analyses covering the period up to 2024. This reflects significant volatility, including a peak above $113 in 2022 due to geopolitical tensions and supply disruptions from the Russia-Ukraine war, followed by moderation in later years. Data from early 2025 to 2026 shows prices fluctuating in the $65–$76 range.

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The median price of a barrel of oil during the Biden administration is not explicitly provided in the available data. However, the average price of benchmark U.S. West Texas Intermediate (WTI) crude oil from 2021 to 2024 was $79 per barrel, according to the CSIS analysis. This represents a significant increase compared to the $58 average during Trump’s first term (excluding 2020). Prices peaked in June 2022 at over $113 per barrel due to global disruptions from Russia’s invasion of Ukraine, before moderating in subsequent years.

 

[pknopp]

The average price of a barrel of West Texas Intermediate (WTI) crude oil during the Biden administration (from January 2021 through early 2026) was approximately $79 per barrel, according to analyses covering the period up to 2024. This reflects significant volatility, including a peak above $113 in 2022 due to geopolitical tensions and supply disruptions from the Russia-Ukraine war, followed by moderation in later years. Data from early 2025 to 2026 shows prices fluctuating in the $65–$76 range.

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Its going to $100.

 

[knuckles]

Its going to $100.

If so it will be temporary.

 

[pknopp]

If so it will be temporary.

You obviously cant grasp the domino affects of all of this.

 

[SweetTea]

Its going to $100.

And then right back down again once this conflict ends.

 

[buckeye]

We do know what has happened. Oil has went from $60 to $85 with no end in sight.

The debt is rapidly rising.

Still running away. You're such an obvious lightweight coward.

 

[initforme]

This is unfortunate as we are at a time when we need people leaving the workforce earlier than they are today. Imagine if most all workers got out by 59. The economy gets stronger.

 

[knuckles]

You obviously cant grasp the domino affects of all of this.

All of a sudden your interested in the domino effect. The Biden fiasco swept under the rug.

 

[knuckles]

So, again, the companies are using ANY excuse to price gouge.

C'mon man. Supply and demand is not price gouging.

 

[Lisa558]

^Boomer Panicans.
They're regretting it now. Lost 10s of thousands of dollars for premature withdrawal.
The market bounced back and went to record highs after that. They lost, bigly.

I’m thinking of buying in (more) to the market. Might have further to drop, but it’s hard to predict the bottom - so I’m going to go for it. I’ll be well ahead in a year.

 

[The Duke]

Its going to $100.

It's been there before. Tail-end of W., they were gouging like mofos, $4.28/gal, Biden, EO 13990, highest gas prices ever, up to $7+. This will not be that.
Also, they never came down on the quarts of oil prices, the bastages!

 

[pknopp]

It's been there before. Tail-end of W., they were gouging like mofos, $4.28/gal, Biden, EO 13990, highest gas prices ever, up $7+. This will not be that.
Also, they never came down on the quarts of oil prices, the bastages!

Right......inflation that doesnt come down.

 

[Marener]

Trump supporters just can’t admit there degree to which Trump has caused economic uncertainty.

Employment numbers are not very reassuring.

 

[The Duke]

Trump supporters just can’t admit there degree to which Trump has caused economic uncertainty.

Employment numbers are not very reassuring.

GDP, dickweed? Higher than the past 40 years, you say?
Highest stock market ever, too?!

 

[Marener]

GDP, dickweed? Higher than the past 40 years, you say?

Last quarter GDP growth was 1.4% annualized.

What the hell are you talking about?

 

[ThisIsMe]

Why would fuel go up because of Iran?

The US has MAJOR, OVERFLOWING reserves because of Trump. There is NO REASON WHAT SO EVER gas/oil prices should be going up, unless its the oil companies looking to shaft us again with more lies and fake reasons.

Because, unfortunately, oil prices are set by the global market

 

[pknopp]

Trump supporters just can’t admit there degree to which Trump has caused economic uncertainty.

Employment numbers are not very reassuring.

4.4%

 

[ThisIsMe]

I’m thinking of buying in (more) to the market. Might have further to drop, but it’s hard to predict the bottom - so I’m going to go for it. I’ll be well ahead in a year.

Lisa in a year from now…

 

[Marener]

4.4%

December was revised to negative. Negative February. Scraped by in January.

But maybe it doesn’t matter since the consumer economy has gotten so top heavy all that really matters is that rich people keep spending.