OT: Possible 1995ish economic outcome (warning, this article presents something potentially positive)
- Thread starter horshack.sixpack
- Start date
Without reading it let me go ahead and say that anything good in there is 100% because of what my political party did and anything bad in there is 100% because of what the political party that hates America did.
There. I went ahead and made everyone’s argument for them. Now we can have a conversation like the cultured, civilized gentlemen we are.
There. I went ahead and made everyone’s argument for them. Now we can have a conversation like the cultured, civilized gentlemen we are.
You left out that Wells Fargo is just a bunch of dubmasses and MSN is the debil.
I wish we had the same national debt we had back then. Pro and college sports were better too. A lot more fun to watch.
Also my back didn’t hurt all the time
None of this bad stuff happened until grown men started vaping….
Definitely getting laid more in 95 than 24!
Cliff notes? I’m not downloading their app to read one article.
Also, get off my lawn.
Also, get off my lawn.
Have we recovered from the great crash of August 5th that orange man and his minions fapped over yet? I buried my cash and gold in the backyard and want to know if it's time to buy low yet.
I don’t care as long as it holds them to their promise to maybe lower interest rates this fall
Remember when you were young and you thought when you got married you got laid whenever you wanted?
Call me your crazy uncle, but I have a sneaking suspicion this will matter a bit more every year going forward...
To say there is going to be a hard rally like that after cuts is the absolutely max bullish. Like three deviations from the mean, maxed out, far out there possible.
Rate cuts aren’t going to bring prices down. Pain is. Pain is the only thing that will. It isn’t fun. It isn’t fair. But it is what it is.
Not even that is going to bring prices down. On the whole, they are never coming down, they will only go up less quickly.
If you want to have the prices you pay for everyday goods to actually sometimes decrease over time, move to Japan.
If you read this article you might want to take a moment and read some of the comments on it. They're pretty interesting actually.
Is this even something the president can remotely control… maybe influence I guess but I hope not too much. I’d hate to see stuff like interest rates in the hands of a politician running for reelection
Promise was poor wording. Just the talk of lowering rates by the Fed. Presidents can’t do anything about that.
We do not want that. We want goods to have low inflation to allow wages to catch back up. I haven’t heard an example of a country coming out better after deflation.
A president could stop imposing tariffs. Both Trump and Biden have done so however. Neither one have seemed to do good. Only brings pain to farmers and manufacturers.
I think a lot of people are downplaying the effect high energy costs are having on this country . Any conversation about improving our economy that doesn't have a component for reducing energy costs is just kicking the can down the road. IMO
FWIW Gasoline was $1.15/gal in 1995
FWIW Gasoline was $1.15/gal in 1995
That’s 2.37 in today’s money
The crazy thing is the portion of government spending that goes towards interest on existing debt. We're adding to the debt with a budget deficit, and we're borrowing money to pay interest, which adds to the debt, which adds to the interest, which adds to the...
This is why rate cuts were always inevitable.
I remember my dad ranting and raving that when gas hit $1.00 per gallon we would no longer drive. He wasn’t paying it. I was in high school and had a vehicle. He was true to his word. Took my keys and I had to start riding the bus to school. Mom had to ride to work with someone who worked with her. It lasted about a month and he buys a 500 gallon tank and bought gas wholesale. Luckily it was under $1.00 per gallon wholesale but there was a catch. On Saturday morning I had to hand pump all the vehicles full of gas. He was still using that tank when I graduated State.
$2.37 would be about 32% less than our current price of where we are today at approx $3.45 . That would make a huge difference.
Today’s Gas Prices By State
Gas Prices Dip Today Today’s average price of gas in the U.S. is $3.20 per gallon, down $0.01 from yesterday, up $0.06 from last week and up $0.07 from last month. The average price of a gallon of gas one year ago today was $3.36. How Gas Prices Vary Across the U.S. Gas prices vary widel
www.forbes.com
Trump's tariffs were shoot from the hip and pretty high, if I recall. We are in a global economy, so imposing strict tariffs without the national production capabilities to offset it is just dumb. Honestly, pretending like a completely nationalistic policy is going to be the right answer is dumb. Finding some balance between national interests and international economic reality is the best path. If I had the answer for what exactly that looks like I'd write a book and retire.
US average is $3.45 today. In 1995 Europe it was $3.50-$4/gallon; today it is $7-$8/gallon. The US has been paying a pittance for gas, compared to the rest of the world, forever. We see it as an entitlement. It seems like one day that formula has to break, right? I hope it doesn't, but it just seems odd to me that we have such a different idea of what expensive gas looks like than the whole rest of the world.
I’m not disagreeing with you, just pointing out what it is in todays money.$2.37 would be about 32% less than our current price of where we are today at approx $3.45 . That would make a huge difference.
Today’s Gas Prices By State
Gas Prices Dip Today Today’s average price of gas in the U.S. is $3.20 per gallon, down $0.01 from yesterday, up $0.06 from last week and up $0.07 from last month. The average price of a gallon of gas one year ago today was $3.36. How Gas Prices Vary Across the U.S. Gas prices vary widel
Problem with Trumps tariffs is Biden continued them. Tariffs don’t work.
Those tariffs accelerated Chinas foothold in South America with namely Brazil. They’ve pumped in billions of dollars to improve Brazils infrastructure to getting corn and soybeans out of Motto Grasso quicker to the ports to get it to China.